Report Update: May 6, 2024

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

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Petroleum Bitumen Price in France - 2023

Petroleum Bitumen Price in France (CIF) - 2023

The average petroleum bitumen import price stood at $530 per ton in August 2023, growing by 6.3% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 17% month-to-month. The import price peaked in August 2023.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Belgium ($644 per ton) and Italy ($628 per ton), while the price for the Netherlands ($460 per ton) and Germany ($537 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Bitumen Price in France (FOB) - 2023

The average petroleum bitumen export price stood at $607 per ton in August 2023, with an increase of 14% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in April 2023 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices hit record highs in August 2023.

Average prices varied noticeably for the major external markets. In August 2023, the countries with the highest prices were Norway ($645 per ton) and the UK ($608 per ton), while the average price for exports to Belgium ($598 per ton) and Ireland ($598 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Bitumen Imports in France

In 2022, petroleum bitumen imports into France shrank to 1.1M tons, which is down by -5.6% on the previous year's figure. In general, imports showed a noticeable setback. The pace of growth appeared the most rapid in 2021 when imports increased by 2.7%.

In value terms, petroleum bitumen imports soared to $608M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 39%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Petroleum Bitumen in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	146	113	100	152	1.4%
Germany	89.2	64.9	109	141	16.5%
Netherlands	35.8	32.6	101	131	54.1%
Italy	70.0	55.8	63.8	82.4	5.6%
Belgium	58.7	59.2	57.9	74.3	8.2%
Others	29.9	16.7	43.4	27.1	-3.2%
Total	430	342	475	608	12.2%

Top Suppliers of Petroleum Bitumen to France in 2022:

Germany (267.4K tons)
Spain (256.3K tons)
Netherlands (221.6K tons)
Italy (167.8K tons)
Belgium (118.4K tons)

Petroleum Bitumen Exports in France

In 2022, the amount of petroleum bitumen exported from France reduced to 439K tons, declining by -9.9% compared with 2021 figures. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of 487K tons, and then reduced in the following year.

In value terms, petroleum bitumen exports skyrocketed to $249M in 2022. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 118% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Export of Petroleum Bitumen in France (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Algeria	2.5	9.2	40.2	49.1	169.8%
Ireland	27.3	18.6	39.5	48.3	20.9%
Belgium	28.1	15.7	29.4	35.8	8.4%
United Kingdom	26.7	10.0	25.4	31.1	5.2%
Switzerland	25.3	12.4	20.5	25.0	-0.4%
Morocco	2.5	4.2	13.3	16.2	86.4%
Spain	4.9	6.9	11.4	13.9	41.6%
Norway	13.9	6.0	9.3	11.8	-5.3%
Netherlands	4.5	1.7	5.4	6.5	13.0%
Italy	4.4	3.5	2.3	4.1	-2.3%
Others	10.6	4.6	5.5	7.1	-12.5%
Total	151	92.8	202	249	18.1%

Top Export Markets for Petroleum Bitumen from France in 2022:

Ireland (85.1K tons)
Algeria (83.5K tons)
Belgium (65.9K tons)
United Kingdom (51.4K tons)
Switzerland (40.0K tons)
Morocco (28.4K tons)
Norway (27.4K tons)
Spain (22.0K tons)
Netherlands (11.8K tons)
Italy (9.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the petroleum bitumen market in France. 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:

France

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in France
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:

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

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023