Report Update: May 1, 2024

Australia - Asphalt or Bitumen Articles - Market Analysis, Forecast, Size, Trends And Insights

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Price for Asphalt or Bitumen Article in Australia - 2023

Price for Asphalt or Bitumen Article in Australia (CIF) - 2023

In August 2023, the average asphalt or bitumen article import price amounted to $979 per ton, falling by -90.9% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 915% m-o-m. As a result, import price attained the peak level of $10,766 per ton, and then declined sharply in the following month.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Belgium ($986 per ton) and France ($986 per ton), while the price for the United States ($802 per ton) and Italy ($976 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 Belgium (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Asphalt or Bitumen Article in Australia (FOB) - 2022

The average asphalt or bitumen article export price stood at $908 per ton in 2022, increasing by 32% against the previous year. In general, the export price, however, saw a deep downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 137% against the previous year. The export price peaked at $4,091 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($921 per ton) and Lao People's Democratic Republic ($920 per ton), while the average price for exports to Indonesia ($747 per ton) and Cocos (Keeling) Islands ($747 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Article in Australia

For the fourth year in a row, Australia recorded growth in supplies from abroad of asphalt or bitumen articles, which increased by 14% to 21K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.8% 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 +98.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, asphalt or bitumen article imports surged to $19M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Asphalt or Bitumen Article in Australia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	2.8	4.9	8.8	12.1	62.9%
Italy	2.0	2.0	1.5	2.9	13.2%
United States	1.1	0.9	0.8	1.2	2.9%
Singapore	0.5	0.5	0.5	0.9	21.6%
Canada	0.5	0.3	0.4	0.5	0.0%
Others	0.5	1.4	1.2	1.0	26.0%
Total	7.3	10.0	13.1	18.6	36.6%

Top Suppliers of Asphalt or Bitumen Article to Australia in 2022:

France (13.5K tons)
Italy (3.3K tons)
United States (1.5K tons)
Singapore (0.9K tons)
Canada (0.5K tons)

Exports of Asphalt or Bitumen Article in Australia

In 2022, the amount of asphalt or bitumen articles exported from Australia surged to 814 tons, jumping by 128% against the previous year. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, asphalt or bitumen article exports surged to $739K in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Asphalt or Bitumen Article in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lao People's Democratic Republic	N/A	N/A	18.5	633	3321.6%
Philippines	46.6	N/A	11.0	45.6	-0.7%
New Zealand	77.4	22.1	62.5	22.5	-33.8%
Cocos (Keeling) Islands	N/A	N/A	9.5	14.6	53.7%
Indonesia	10.2	9.5	N/A	4.8	-22.2%
Papua New Guinea	2.4	155	109	4.3	21.5%
Belgium	N/A	N/A	28.9	N/A	0%
New Caledonia	71.9	N/A	0.2	N/A	-94.7%
Bangladesh	15.6	N/A	5.6	N/A	-40.1%
Others	N/A	0.1	N/A	13.8	1074.7%
Total	224	187	245	739	48.9%

Top Export Markets for Asphalt or Bitumen Article from Australia in 2022:

Lao People's Democratic Republic (687.7 tons)
Philippines (49.5 tons)
New Zealand (26.5 tons)
Cocos (Keeling) Islands (19.6 tons)
Indonesia (6.4 tons)
Papua New Guinea (5.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for asphalt or bitumen article in Australia. 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 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls
Prodcom 23991290 - Products based on bitumen (excluding in rolls)

Country coverage:

Australia

Data coverage:

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