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

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

Bitumen and Asphalt - Top Importers

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

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

Source: IndexBox Market Intelligence Platform