Product intelligence · HS 847431 · 2024 data

Machines: concrete or mortar mixers

Global exports of machines: concrete or mortar mixers totalled $1,155,675,553 in 2024, a +1.5% change from the previous year. Traded by 169 countries across 2,860 bilateral corridors, with demand from 199 importing markets. The long-term trend is stable.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$1.2B

+1.5% YoY

3Y / 5Y CAGR

+0.2%

5Y: +3.4%

Supply structure

Diversified

HHI 0.150

Volatility

Low

Score 1/100

1.

Market movement

In 2024, machines: concrete or mortar mixers trade exhibited modest growth, with global flows reaching $1,155,675,553 and a three-year compound annual growth rate of +0.2% (five-year: +3.4%). The all-time peak of $1,952,382,958 was recorded in 2008; the current level is 41% below that high-water mark.

Over the 30-year observation window (19952024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (+1.7% acceleration).

The World Trade Flows Characterization classifies machines: concrete or mortar mixers as "Two-way vertical trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is diversified (Herfindahl-Hirschman Index 0.150). The three largest exporters — China ($368.4M), Germany ($162.4M), and Italy ($137.3M) — collectively dominate supply flows. The leading exporter has grown at +9.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.024). The three largest import markets are United States ($103.0M), Russia ($62.7M), and France ($55.7M). The largest importing market sources from 35 different supplying countries.

Estimated substitution elasticity: -3.41. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → Russia at $38.4M, representing 61.2% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for machines: concrete or mortar mixers is 1 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $1,952,382,958 in 2008. Currently 41% below peak.

YearGlobal trade (USD)YoY growth
2015$1,073,908,646-20.7%
2016$984,178,492-8.4%
2017$967,086,563-1.7%
2018$1,028,860,146+6.4%
2019$979,846,381-4.8%
2020$912,908,067-6.8%
2021$1,150,227,678+26.0%
2022$1,118,607,945-2.7%
2023$1,138,392,573+1.8%
2024$1,155,675,553+1.5%

Top exporting countries

Ranked by export value of machines: concrete or mortar mixers in 2024.

View all 169 exporters →

Top importing markets

Largest import destinations for machines: concrete or mortar mixers.

View all 199 markets →

Leading trade corridors

Largest bilateral export flows for machines: concrete or mortar mixers, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1ChinaRussia$38.4M+16.8%
2GermanyFrance$27.8M-5.7%
3MexicoUnited States$26.8M+4.5%
4TürkiyeRussia$22.6M+14.7%
5ChinaIndonesia$19.7M+28.9%
6ChinaUnited States$18.2M-1.8%
7ChinaSaudi Arabia$18.1M+61.4%
8ChinaMalaysia$16.9M+43.8%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.