Report Update: May 6, 2024

Czech Republic - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights

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Petroleum Bitumen Price in the Czech Republic - 2023

Petroleum Bitumen Price in the Czech Republic (CIF) - 2023

The average petroleum bitumen import price stood at $603 per ton in August 2023, surging by 6.3% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 30% against the previous month. As a result, import price reached the peak level of $612 per ton. From February 2023 to August 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Hungary ($629 per ton) and Austria ($622 per ton), while the price for Poland ($579 per ton) and Germany ($596 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 Hungary (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Petroleum Bitumen Price in the Czech Republic (FOB) - 2023

In August 2023, the average petroleum bitumen export price amounted to $613 per ton, picking up by 4.5% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 19% m-o-m. The export price peaked in August 2023.

Average prices varied somewhat for the major external markets. In August 2023, the highest price was recorded for prices to Slovakia ($796 per ton) and Hungary ($742 per ton), while the average price for exports to Germany ($567 per ton) and Poland ($588 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 Hungary (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Bitumen Imports in the Czech Republic

In 2022, overseas purchases of petroleum bitumen decreased by -29% to 188K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 14%. As a result, imports attained the peak of 319K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, petroleum bitumen imports shrank to $110M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports attained the peak of $116M, and then declined in the following year.

Import of Petroleum Bitumen in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	51.4	50.5	64.8	71.0	11.4%
Poland	23.7	16.9	23.8	23.4	-0.4%
Austria	22.5	15.5	22.8	12.4	-18.0%
Hungary	2.0	2.1	3.3	1.8	-3.5%
Others	1.1	0.7	1.8	1.6	13.3%
Total	101	85.7	116	110	2.9%

Top Suppliers of Petroleum Bitumen to the Czech Republic in 2022:

Germany (126.3K tons)
Poland (39.2K tons)
Austria (17.1K tons)
Hungary (2.9K tons)

Petroleum Bitumen Exports in the Czech Republic

In 2022, overseas shipments of petroleum bitumen were finally on the rise to reach 311K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a perceptible contraction.

In value terms, petroleum bitumen exports surged to $200M in 2022. Overall, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Petroleum Bitumen in the Czech Republic (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	44.0	30.0	43.6	82.8	23.5%
Germany	58.7	30.2	33.9	49.8	-5.3%
Slovakia	15.1	10.5	18.8	30.1	25.9%
Poland	3.9	6.2	5.3	29.1	95.4%
Slovenia	7.5	8.1	4.5	6.1	-6.7%
Hungary	6.0	7.0	6.0	1.0	-45.0%
Others	6.2	4.7	1.7	1.4	-39.1%
Total	141	96.9	114	200	12.4%

Top Export Markets for Petroleum Bitumen from the Czech Republic in 2022:

Austria (127.2K tons)
Germany (83.8K tons)
Poland (44.6K tons)
Slovakia (38.9K tons)
Slovenia (10.7K tons)
Hungary (1.6K tons)

Source: IndexBox Market Intelligence Platform

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

Czech Republic

Data coverage:

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