World - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBituminous Mixtures Market
The article discusses the expected growth in the global market for bituminous mixtures over the period from 2022 to 2030, with forecasts showing an increase in consumption and production. Key trends, such as fluctuations in consumption and production volumes, major consuming and producing countries, as well as import and export statistics, are also highlighted. The analysis covers key metrics such as market value, market size, per capita consumption, import and export prices, and growth rates for various countries. Overall, the article provides a detailed overview of the current state of the bituminous mixtures market and projects future growth prospects.
Market Forecast
Driven by increasing demand for bituminous mixtures worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market volume to 972M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market value to $837.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Bituminous Mixtures
After eight years of growth, consumption of bituminous mixtures decreased by -1.6% to 802M tons in 2022. Overall, the total consumption indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.5% against 2013 indices. Over the period under review, global consumption reached the peak volume at 815M tons in 2021, and then contracted modestly in the following year.
The global bituminous mixtures market size dropped slightly to $606.4B in 2022, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +47.2% against 2015 indices. Over the period under review, the global market hit record highs at $612.5B in 2021, and then fell modestly in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (159M tons), the United States (85M tons) and India (59M tons), together comprising 38% of global consumption. France, Russia, Brazil, Japan, Indonesia, Italy, the UK, Iran, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 30%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Saudi Arabia (with a CAGR of +11.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($110.9B), the United States ($90.7B) and Japan ($76.8B) appeared to be the countries with the highest levels of market value in 2022, with a combined 46% share of the global market. India, Russia, Brazil, South Korea, Indonesia, Saudi Arabia, Iran, France, the UK and Italy lagged somewhat behind, together comprising a further 23%.
In terms of the main consuming countries, Saudi Arabia, with a CAGR of +14.0%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of bituminous mixtures per capita consumption in 2022 were France (558 kg per person), Saudi Arabia (385 kg per person) and Italy (279 kg per person).
From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +9.5%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Bituminous Mixtures
After six years of growth, production of bituminous mixtures decreased by -1.3% to 787M tons in 2022. In general, the total production indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +51.4% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 16% against the previous year. Global production peaked at 797M tons in 2021, and then fell slightly in the following year.
In value terms, bituminous mixtures production shrank to $592.4B in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +46.4% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 30%. Over the period under review, global production hit record highs at $592.8B in 2021, and then fell slightly in the following year.
Production By Country
The countries with the highest volumes of production in 2022 were China (142M tons), the United States (85M tons) and India (59M tons), together comprising 36% of global production. France, Russia, Japan, Brazil, Indonesia, Italy, the UK, Iran, Saudi Arabia and South Korea lagged somewhat behind, together comprising a further 30%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +11.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Bituminous Mixtures
After three years of growth, supplies from abroad of bituminous mixtures decreased by -11.8% to 19M tons in 2022. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 424%. Over the period under review, global imports reached the maximum at 22M tons in 2021, and then declined in the following year.
In value terms, bituminous mixtures imports stood at $8.9B in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 204% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
Imports By Country
The purchases of the one major importers of bituminous mixtures, namely China, represented more than two-thirds of total import.
China was also the fastest-growing in terms of the bituminous mixtures imports, with a CAGR of +22.7% from 2012 to 2022. From 2012 to 2022, the share of China increased by +29 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($7.7B) constitutes the largest market for imported bituminous mixtures worldwide.
From 2012 to 2022, the average annual growth rate of value in China stood at +18.4%.
Import Prices By Country
In 2022, the average bituminous mixtures import price amounted to $468 per ton, picking up by 17% against the previous year. In general, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 86% against the previous year. Global import price peaked at $663 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.5% per year.
Exports
World Exports of Bituminous Mixtures
In 2022, shipments abroad of bituminous mixtures decreased by -2.7% to 4.2M tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 153% against the previous year. Over the period under review, the global exports reached the maximum at 6.9M tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.
In value terms, bituminous mixtures exports surged to $2.3B in 2022. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 131%. The global exports peaked at $2.7B in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
Japan was the major exporter of bituminous mixtures in the world, with the volume of exports accounting for 1.5M tons, which was approx. 36% of total exports in 2022. Indonesia (768K tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Germany (5.1%) and Canada (4.7%). Russia (167K tons), Malaysia (158K tons), Spain (150K tons), Belgium (144K tons), China (102K tons), the Netherlands (69K tons) and Croatia (66K tons) took a minor share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Japan (with a CAGR of +128.1%), while the other global leaders experienced more modest paces of growth.
In value terms, Japan ($845M) emerged as the largest bituminous mixtures supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Indonesia ($186M), with an 8.1% share of global exports. It was followed by Canada, with a 6.7% share.
From 2012 to 2022, the average annual growth rate of value in Japan stood at +80.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+72.3% per year) and Canada (+12.9% per year).
Export Prices By Country
The average bituminous mixtures export price stood at $540 per ton in 2022, picking up by 23% against the previous year. Overall, the export price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $669 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($917 per ton), while Croatia ($77 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global bituminous mixtures market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23991310 - Bituminous mixtures based on natural and artificial aggregate and bitumen or natural asphalt as a binder
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
Nothing found. Please try again.