World - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends And Insights
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Bitumen and asphalt market: get access to the latest datasets empowered by an Ai-driven market research platform. Data contain consumption, trade, production, market size, market prices, imports, exports, and companies. Here is a split by country, including the U.K., the U.S., China, the Middle East, Russia, EU, Africa, and Latin America. Market dynamics and outlook to 2030 are also featured in the dashboards.
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Bitumen and Asphalt - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | Pakistan |
| 4 | South Korea |
| 5 | Ethiopia |
In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Pakistan.
From 2018 to 2020, the average annual rate of growth in terms of value in China was relatively modest. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-4.1% per year) and Pakistan (-20.2% per year).
Bitumen And Asphalt Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Belgium | 470 | 190 | 84 | -57.7% |
| Canada | 455 | 342 | 272 | -22.7% |
| Colombia | 387 | 371 | 274 | -15.9% |
| United States | 426 | 468 | 332 | -11.7% |
| Bahrain | 286 | 283 | 375 | 14.5% |
| United Arab Emirates | 435 | 388 | 378 | -6.8% |
| Malaysia | 471 | 520 | 517 | 4.8% |
| Iran | 538 | 563 | 591 | 4.8% |
| Average | 453 | 437 | 421 | -3.6% |
Prices varied noticeably by the country of origin; the country with the highest price was Iran ($591 per ton), while Belgium ($84 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Saudi Arabia | n/a | n/a | 1166 | 0.0% |
| Vietnam | 609 | 677 | 621 | 1.0% |
| Egypt | 412 | 404 | 621 | 22.8% |
| Cambodia | 503 | 478 | 423 | -8.3% |
| Philippines | 380 | 416 | 369 | -1.5% |
| United States | 415 | 389 | 367 | -6.0% |
| Romania | n/a | n/a | 328 | 0.0% |
| Costa Rica | 248 | 403 | 308 | 11.4% |
| Myanmar | 316 | 321 | 306 | -1.6% |
| Canada | 444 | 389 | 285 | -19.9% |
| France | 214 | 210 | 285 | 15.4% |
| China | 140 | 136 | 129 | -4.0% |
| Austria | 112 | 74 | 61 | -26.2% |
| Average | 405 | 389 | 483 | 9.2% |
Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($1,166 per ton), while Austria ($61 per ton) was amongst the lowest.
From 2018 to 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.
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Bitumen and Asphalt - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Saudi Arabia | n/a | n/a | 320 | 0.0% |
| United States | 215 | 147 | 132 | -21.6% |
| Egypt | 238 | 204 | 120 | -29.0% |
| France | 15 | 36 | 53 | 86.1% |
| Canada | 89 | 77 | 50 | -25.1% |
In value terms, Saudi Arabia ($320M) constitutes the largest market for imported natural bitumen and natural asphalt worldwide, comprising 30% of global imports. The second position in the ranking was occupied by the United States ($132M), with a 12% share of global imports. It was followed by Egypt, with a 11% share.
In Saudi Arabia, bitumen and asphalt imports remained relatively stable over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: the United States (-21.6% per year) and Egypt (-29.0% per year).
Bitumen and Asphalt - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Iran | 0.2 | 0.3 | 0.3 | 17.4% |
| Bahrain | 0.01 | 0.02 | 0.2 | 303.2% |
| United States | 0.2 | 0.1 | 0.1 | -10.5% |
| Canada | 0.04 | 0.03 | 0.04 | 5.6% |
| Colombia | 0.01 | 0.03 | 0.03 | 48.2% |
In value terms, Iran ($317M), Bahrain ($232M) and the United States ($131M) constituted the countries with the highest levels of exports in 2020, with a combined 73% share of global exports.
Bahrain (+303.2% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Bitumen and Asphalt - Market Forecast
Driven by rising demand for bitumen and asphalt worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Bitumen and Asphalt - Product Coverage
- HS 271490 - Bitumen and asphalt, natural; asphaltites and asphaltic rock
This report provides an in-depth analysis of the global market for natural bitumen and asphalt. 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 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks
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
Company coverage:
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
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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
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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
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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
1993
Global imports of bitumen and asphalt went down by -15% y-o-y to 2.1M tons 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 ton in 2020. Indonesia dominates the Chinese imports, while Greece, Canada and Spain provide the bulk of bitumen and asphalt imported to the U.S.
5655
In value terms, natural bitumen and asphalt imports stood at $X in 2016. In general, natural bitumen and asphalt imports continue to indicate a deep shrinkage. In that year, global natural bitumen ...
960
In value terms, bituminous mixtures based on natural asphalt imports stood at $X in 2016. Overall, bituminous mixtures based on natural asphalt imports continue to indicate a prominent expansion. I...
7494
In value terms, natural bitumen and asphalt exports amounted to $X in 2016. Overall, natural bitumen and asphalt exports continue to indicate a significant shrinkage. Over the period under review, ...
811
In value terms, bituminous mixtures based on natural asphalt exports stood at $X in 2016. Overall, it indicated a tangible increase from 2007 to 2016: the total exports value increased at an averag...
