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World - Natural Bitumen And Natural Asphalt - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Aug 30, 2021

Global Imports of Bitumen and Asphalt Fall Despite Increased Supplies to China and the U.S.

IndexBox has just published a new report: 'World - Natural Bitumen And Natural Asphalt - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings. 

Global imports of bitumen and asphalt went down by -15% y-o-y to 2.1M tonnes in 2020. In value terms, imports dropped to $918M. America holds leadership in global imports of bitumen and asphalt. The U.S., Romania, China and France were among the few countries that managed to ramp up import supplies. The average bitumen and asphalt import price grew by +15% y-o-y to $427 per tonne in 2020. Indonesia dominates the Chinese imports, while Greece, Canada and Spain provide the bulk of bitumen and asphalt imported to the U.S. 

Global Imports of Bitumen and Asphalt

Global bitumen and asphalt imports dropped rapidly to 2.1M tonnes in 2020, down by -15.2% against the previous year's figure. In value terms, bitumen and asphalt imports dropped from $943M in 2019 to $918M (IndexBox estimates) in 2020. 

The U.S. (578K tonnes), distantly followed by Saudi Arabia (275K tonnes), Egypt (193K tonnes), France (185K tonnes), Canada (174K tonnes), and China (168K tonnes) were the key importers of bitumen and asphalt, together creating 73% of total imports. The following importers - the UK (92K tonnes), Myanmar (72K tonnes), Romania (51K tonnes) and Viet Nam (48K tonnes) - together made up 12% of total imports.

The U.S., Romania, China and France managed to increase their import volume. Most other countries reduced the purchases from abroad. 

In 2020, the U.S., China and Romania featured the highest growth rates regarding import volume. American bitumen and asphalt imports rose from 378K tonnes to 578K tonnes in 2020. Over the same period, China boosted purchases from 112K tonnes to 168K tonnes. Last year, Romania doubled its import volume of bitumen and asphalt, while France saw an 8.4%-increase in supplies from abroad. 

In value terms, the largest bitumen and asphalt importing markets worldwide were Saudi Arabia ($320M), the U.S. ($178M) and Egypt ($120M), with a combined 67% share of global imports. France, Canada, Viet Nam, Myanmar, China, Romania and the UK lagged somewhat behind, together comprising a further 21%.

The average bitumen and asphalt import price stood at $427 per tonne in 2020, with an increase of +15% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, Saudi Arabia was the country with the highest price, while the UK was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the other global leaders experienced more modest paces of growth.

Major Suppliers of Bitumen and Asphalt to the U.S. 

Greece (166K tonnes), Canada (152K tonnes) and Spain (83K tonnes) are responsible for 81% of total American imports. Turkey (44K tonnes) ranks fourth among the leading suppliers of bitumen and asphalt to the U.S.

In value terms, the largest bitumen and asphalt suppliers to the U.S. are Greece ($53M), Canada ($42M) and Turkey ($38M), together comprising 74% of total imports. 

Major Suppliers of Bitumen and Asphalt to China 

Indonesia (84K tonnes) dominates the Chinese imports with a 75%-share of the total volume. Malaysia (17K tonnes) and Canada (11K tonnes) follow Indonesia. 

In value terms, Malaysia ($5.6M), Canada ($5.2M) and Indonesia ($3.9M) are the largest bitumen and asphalt suppliers to China, with a combined 96% share of total imports.

Major Suppliers of Bitumen and Asphalt to Romania 

Poland (33K tonnes) constitutes the largest bitumen and asphalt supplier to Romania, with a 64% share of total imports. Moreover, bitumen and asphalt imports from Poland exceed the figures recorded by the second-largest supplier, Greece (7.7K tonnes), fourfold. Austria (6.3K tonnes) ranks third in terms of total imports with a 12% share.

In value terms, Poland ($9.6M) is the largest supplier of bitumen and asphalt to Romania, comprising 59% of total imports. The second position in the ranking is occupied by Austria ($3M), with an 18% share of total imports. It was followed by Greece, with a 13% share.

Source: IndexBox Platform

Product coverage:
• Prodcom 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks

This report provides an in-depth analysis of the global bitumen and asphalt 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 2025.



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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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