Canada - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Natural Bitumen and Asphalt in Canada - 2023
Contents:
- Price for Natural Bitumen and Asphalt in Canada (FOB) - 2022
- Price for Natural Bitumen and Asphalt in Canada (CIF) - 2023
- Exports of Natural Bitumen and Asphalt in Canada
- Imports of Natural Bitumen and Asphalt in Canada
Price for Natural Bitumen and Asphalt in Canada (FOB) - 2022
The average natural bitumen and asphalt export price stood at $507 per ton in 2022, picking up by 27% against the previous year. Overall, the export price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2017 an increase of 56% against the previous year. Over the period under review, the average export prices attained the maximum at $579 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.0% per year.
Price for Natural Bitumen and Asphalt in Canada (CIF) - 2023
The average natural bitumen and asphalt import price stood at $448 per ton in June 2023, which is down by -4.6% against the previous month. In general, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 14% month-to-month. Over the period under review, average import prices attained the peak figure at $757 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($448 per ton), while the price for Ireland stood at $420 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ireland (0.0%).
Exports of Natural Bitumen and Asphalt in Canada
In 2022, after three years of growth, there was significant decline in overseas shipments of natural bitumen and asphalt, when their volume decreased by -78.4% to 96K tons. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 171%. As a result, the exports reached the peak of 446K tons, and then declined dramatically in the following year.
In value terms, natural bitumen and asphalt exports declined sharply to $49M in 2022. Over the period under review, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 298% against the previous year. As a result, the exports attained the peak of $178M, and then dropped notably in the following year.
| Export of Natural Bitumen and Asphalt in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.3 | 39.0 | 175 | 48.9 | 16.0% |
| China | 2.4 | 5.7 | 2.5 | N/A | 2.1% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 33.8 | 44.7 | 178 | 48.9 | 13.1% |
Top Export Markets for Natural Bitumen and Asphalt from Canada in 2022:
- China (undefinedK tons)
- United States (96.3K tons)
Imports of Natural Bitumen and Asphalt in Canada
For the third consecutive year, Canada recorded decline in overseas purchases of natural bitumen and asphalt, which decreased by -23.4% to 128K tons in 2022. Overall, imports faced a drastic downturn. The smallest decline of -3.9% was in 2021.
In value terms, natural bitumen and asphalt imports skyrocketed to $78M in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Natural Bitumen and Asphalt in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 76.4 | 49.5 | 65.6 | 77.5 | 0.5% |
| Others | 0.7 | 0.3 | 0.4 | 0.1 | -47.7% |
| Total | 77.1 | 49.8 | 66.0 | 77.6 | 0.2% |
Top Suppliers of Natural Bitumen and Asphalt to Canada in 2022:
- United States (128.3K tons)
This report provides an in-depth analysis of the market for natural bitumen and asphalt in Canada. 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 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for natural bitumen and asphalt in Canada.
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This report provides an in-depth analysis of the global market for natural bitumen and asphalt.
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This report provides an in-depth analysis of the market for natural bitumen and asphalt in Canada.
3701
This report provides an in-depth analysis of the global market for natural bitumen and asphalt.
2025
Global imports of bitumen and asphalt went down by -15% y-o-y to 2.1M tons in 2020. In value terms, imports dropped to $918M. America holds leadership in global imports of bitumen and asphalt. The U.S., Romania, China and France were among the few countries that managed to ramp up import supplies. The average bitumen and asphalt import price grew by +15% y-o-y to $427 per ton in 2020. Indonesia dominates the Chinese imports, while Greece, Canada and Spain provide the bulk of bitumen and asphalt imported to the U.S.
5666
In value terms, natural bitumen and asphalt imports stood at $X in 2016. In general, natural bitumen and asphalt imports continue to indicate a deep shrinkage. In that year, global natural bitumen ...
969
In value terms, bituminous mixtures based on natural asphalt imports stood at $X in 2016. Overall, bituminous mixtures based on natural asphalt imports continue to indicate a prominent expansion. I...
7519
In value terms, natural bitumen and asphalt exports amounted to $X in 2016. Overall, natural bitumen and asphalt exports continue to indicate a significant shrinkage. Over the period under review, ...
821
In value terms, bituminous mixtures based on natural asphalt exports stood at $X in 2016. Overall, it indicated a tangible increase from 2007 to 2016: the total exports value increased at an averag...
2025
Global imports of bitumen and asphalt went down by -15% y-o-y to 2.1M tons in 2020. In value terms, imports dropped to $918M. America holds leadership in global imports of bitumen and asphalt. The U.S., Romania, China and France were among the few countries that managed to ramp up import supplies. The average bitumen and asphalt import price grew by +15% y-o-y to $427 per ton in 2020. Indonesia dominates the Chinese imports, while Greece, Canada and Spain provide the bulk of bitumen and asphalt imported to the U.S.
5666
In value terms, natural bitumen and asphalt imports stood at $X in 2016. In general, natural bitumen and asphalt imports continue to indicate a deep shrinkage. In that year, global natural bitumen ...
969
In value terms, bituminous mixtures based on natural asphalt imports stood at $X in 2016. Overall, bituminous mixtures based on natural asphalt imports continue to indicate a prominent expansion. I...
7519
In value terms, natural bitumen and asphalt exports amounted to $X in 2016. Overall, natural bitumen and asphalt exports continue to indicate a significant shrinkage. Over the period under review, ...
821
In value terms, bituminous mixtures based on natural asphalt exports stood at $X in 2016. Overall, it indicated a tangible increase from 2007 to 2016: the total exports value increased at an averag...
