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World - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Feb 1, 2024

Top Import Markets for Petroleum Bitumen

When it comes to the global trade of petroleum bitumen, several countries dominate the import market. These nations have high demand for this essential component of asphalt and road construction, making them crucial players in the world's bitumen trade. In this article, we will explore the top import markets for petroleum bitumen, providing key statistics and insights into their import volumes and values.

The IndexBox Market Intelligence Platform

Before diving into the details, it is important to mention the IndexBox market intelligence platform. This platform provides accurate and up-to-date information on global trade dynamics, offering valuable insights for businesses and organizations in various industries. By harnessing the power of IndexBox's data, we can better understand the import market for petroleum bitumen.

1. United States

The United States is the leading importer of petroleum bitumen in the world, with an import value of $3.0 billion in 2022. This high demand for bitumen is driven by the country's extensive infrastructure development and road construction projects. The United States relies heavily on asphalt for its transportation network, making it a key market for petroleum bitumen suppliers.

2. China

China follows closely behind the United States as the second-largest importer of petroleum bitumen. In 2022, China's import value reached $1.5 billion. The country's rapid urbanization and infrastructure expansion contribute to its significant demand for bitumen. China's massive road construction projects and maintenance activities necessitate a continuous supply of high-quality bitumen.

3. India

India emerges as the third-largest import market for petroleum bitumen, with an import value of $1.2 billion in 2022. The Indian government's focus on developing its transportation infrastructure, especially road networks, drives the demand for bitumen in the country. Additionally, India's growing population and expanding urban areas require extensive road construction, further boosting the import market for petroleum bitumen.

4. France

France ranks fourth in the world in terms of import value of petroleum bitumen. In 2022, the country imported approximately $559.5 million worth of bitumen. France's advanced road network and maintenance activities contribute to its significant bitumen imports. The country's commitment to sustainability and green initiatives also drives the demand for high-quality bitumen.

5. Indonesia

Indonesia occupies the fifth spot among the world's top import markets for petroleum bitumen. The country imported approximately $522.4 million worth of bitumen in 2022. Indonesia's booming construction sector, coupled with extensive infrastructure development, propels its demand for bitumen. The country's large-scale road projects and government investments contribute to the growth of its bitumen import market.

6. Vietnam

Vietnam emerges as another significant importer of petroleum bitumen, with an import value of $505.7 million in 2022. The country's rapid economic growth and infrastructure development drive the demand for bitumen. Vietnam's transportation and construction sectors rely heavily on high-quality bitumen, making it an attractive market for suppliers.

7. Australia

Australia ranks seventh in the world in terms of the import value of petroleum bitumen, reaching $497.8 million in 2022. The country's vast road network, maintenance activities, and ongoing infrastructure projects contribute to its substantial bitumen imports. Australia's harsh weather conditions also require durable and reliable bitumen, further enhancing its import demand.

8. Algeria

Algeria holds the eighth position among the world's leading import markets for petroleum bitumen, with an import value of $480.5 million in 2022. The country's infrastructure development and extensive road construction projects fuel its demand for bitumen. Algeria's commitment to modernizing its transportation network and improving connectivity drives the import market for petroleum bitumen.

9. Turkey

Turkey is another noteworthy importer of petroleum bitumen, with an import value of $464.6 million in 2022. The country's strategic location as a bridge between Europe and Asia makes it a critical transportation hub. Turkey's ongoing infrastructure projects, including road expansions and upgrades, contribute to the demand for bitumen, strengthening its position in the global import market.

10. United Kingdom

The United Kingdom completes the list of the world's top import markets for petroleum bitumen. In 2022, the country imported approximately $458.3 million worth of bitumen. The UK's extensive road network, maintenance efforts, and ongoing construction projects drive its demand for high-quality bitumen. Additionally, the country's commitment to sustainable infrastructure development further fuels its import market.

Conclusion

The import market for petroleum bitumen is heavily influenced by countries with significant infrastructure development, urbanization, and ongoing road construction projects. The United States leads the pack as the largest importer of bitumen, followed closely by China and India. Other important import markets include France, Indonesia, Vietnam, Australia, Algeria, Turkey, and the United Kingdom. These countriesgrowing demand for bitumen creates opportunities for suppliers to meet their construction and infrastructure needs. By leveraging the insights provided by the IndexBox market intelligence platform, businesses can make informed decisions and effectively navigate the global bitumen trade.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global petroleum bitumen 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:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + 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:

    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. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 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
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 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. 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

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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