Bitumen and Asphalt Market

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

RatingCountry
1China
2United States
3Pakistan
4South Korea
5Ethiopia

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

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Belgium47019084-57.7%
Canada455342272-22.7%
Colombia387371274-15.9%
United States426468332-11.7%
Bahrain28628337514.5%
United Arab Emirates435388378-6.8%
Malaysia4715205174.8%
Iran5385635914.8%
Average453437421-3.6%

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

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Saudi Arabian/an/a11660.0%
Vietnam6096776211.0%
Egypt41240462122.8%
Cambodia503478423-8.3%
Philippines380416369-1.5%
United States415389367-6.0%
Romanian/an/a3280.0%
Costa Rica24840330811.4%
Myanmar316321306-1.6%
Canada444389285-19.9%
France21421028515.4%
China140136129-4.0%
Austria1127461-26.2%
Average4053894839.2%

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.

Bitumen and Asphalt - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Saudi Arabian/an/a3200.0%
United States215147132-21.6%
Egypt238204120-29.0%
France15365386.1%
Canada897750-25.1%

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

COUNTRY201820192020CAGR,
2018-2020
billion USD
Iran0.20.30.317.4%
Bahrain0.010.020.2303.2%
United States0.20.10.1-10.5%
Canada0.040.030.045.6%
Colombia0.010.030.0348.2%

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
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World - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Latin America and the Caribbean - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the bitumen and asphalt market in Latin America and the Caribbean.

Africa - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the bitumen and asphalt market in Africa.

Australia and Oceania - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the bitumen and asphalt market in Australia and Oceania.

Eastern Asia - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the bitumen and asphalt market in Eastern Asia.

South-Eastern Asia - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the bitumen and asphalt market in South-Eastern Asia.

Central Asia - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the bitumen and asphalt market in Central Asia.

Northern America - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the bitumen and asphalt market in Northern America.

Southern Asia - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the bitumen and asphalt market in Southern Asia.

Middle East - Natural Bitumen and Natural Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the bitumen and asphalt market in the Middle East.

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