GCC: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in GCC

The GCC rolled bitumen articles market amounted to $X in 2023, surging by X% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Rolled Bitumen Articles Production in GCC

In value terms, rolled bitumen articles production rose sharply to $X in 2023 estimated in export price. Overall, production continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Rolled Bitumen Articles Exports

Exports in GCC

In 2023, after six years of decline, there was significant growth in overseas shipments of articles of bitumen in rolls, when their volume increased by X% to X square meters. Over the period under review, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X square meters. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, rolled bitumen articles exports rose modestly to $X in 2023. In general, exports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia represented the main exporting country with an export of around X square meters, which recorded X% of total exports. It was distantly followed by the United Arab Emirates (X square meters), committing a X% share of total exports. Bahrain (X square meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to rolled bitumen articles exports from Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. By contrast, Bahrain (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Bahrain (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Bahrain ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per square meter, waning by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per square meter in 2022, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Bahrain ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Rolled Bitumen Articles Imports

Imports in GCC

In 2023, purchases abroad of articles of bitumen in rolls was finally on the rise to reach X square meters for the first time since 2016, thus ending a six-year declining trend. In general, imports, however, recorded a deep downturn. Over the period under review, imports hit record highs at X square meters in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, rolled bitumen articles imports skyrocketed to $X in 2023. Overall, imports, however, continue to indicate a abrupt decrease. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Oman (X square meters), the United Arab Emirates (X square meters), Kuwait (X square meters) and Qatar (X square meters) represented the main importer of articles of bitumen in rolls in GCC, generating X% of total import. It was distantly followed by Bahrain (X square meters), creating a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Oman ($X), Kuwait ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Qatar and Bahrain lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in GCC amounted to $X per square meter, waning by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter, and then contracted remarkably in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Kuwait ($X per square meter) and Bahrain ($X per square meter), while Qatar ($X per square meter) and the United Arab Emirates ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform