U.S.: Asphalt Paving Mixture Market 2024

Asphalt Paving Mixture Market Size in the U.S.

The U.S. asphalt paving mixture market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, saw a pronounced descent. The growth pace was the most rapid in 2017 when the market value increased by X%. Asphalt paving mixture consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Asphalt Paving Mixture Production in the U.S.

In value terms, asphalt paving mixture production rose slightly to $X in 2022. Over the period under review, production, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Asphalt Paving Mixture Exports

Exports from the U.S.

In 2022, the amount of asphalt paving mixtures and blocks exported from the United States dropped to X tons, waning by X% on the previous year's figure. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, asphalt paving mixture exports rose significantly to $X in 2022. Over the period under review, exports saw a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for asphalt paving mixture exports from the United States, accounting for a X% share of total exports. Moreover, asphalt paving mixture exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Thailand (X% per year).

In value terms, Canada ($X) remains the key foreign market for asphalt paving mixtures and blocks exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average asphalt paving mixture export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Asphalt Paving Mixture Imports

Imports into the U.S.

In 2022, overseas purchases of asphalt paving mixtures and blocks increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, asphalt paving mixture imports skyrocketed to $X in 2022. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Canada (X tons) constituted the largest asphalt paving mixture supplier to the United States, accounting for a X% share of total imports. Moreover, asphalt paving mixture imports from Canada exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Belgium (X% per year).

In value terms, Canada ($X) constituted the largest supplier of asphalt paving mixtures and blocks to the United States, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Belgium, with an X% share.

From 2013 to 2022, the average annual growth rate of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Belgium (X% per year).

Import Prices by Country

The average asphalt paving mixture import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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