Pakistan - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Natural Bitumen and Asphalt in Pakistan - 2023
Contents:
- Price for Natural Bitumen and Asphalt in Pakistan (CIF) - 2022
- Price for Natural Bitumen and Asphalt in Pakistan (FOB) - 2022
- Imports of Natural Bitumen and Asphalt in Pakistan
- Exports of Natural Bitumen and Asphalt in Pakistan
Price for Natural Bitumen and Asphalt in Pakistan (CIF) - 2022
In 2022, the average natural bitumen and asphalt import price amounted to $1,040 per ton, falling by -8.8% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural bitumen and asphalt import price increased by +58.5% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 33%. The import price peaked at $1,140 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($2,945 per ton), while the price for Saudi Arabia ($603 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Natural Bitumen and Asphalt in Pakistan (FOB) - 2022
The average natural bitumen and asphalt export price stood at $447 per ton in 2022, growing by 5.7% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the maximum at $895 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($2,640 per ton), while the average price for exports to South Africa ($106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Natural Bitumen and Asphalt in Pakistan
After two years of decline, purchases abroad of natural bitumen and asphalt increased by 6.2% to 373 tons in 2022. Overall, imports, however, recorded a abrupt shrinkage.
In value terms, natural bitumen and asphalt imports fell to $388K in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 7.2% against the previous year.
| Import of Natural Bitumen and Asphalt in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 88.7 | 60.8 | 23.1 | 130 | 13.6% |
| Indonesia | 97.2 | 123 | 122 | 93.2 | -1.4% |
| Argentina | 33.8 | 104 | 143 | 91.3 | 39.3% |
| United Arab Emirates | 6.5 | 10.7 | 33.9 | 21.7 | 49.5% |
| United States | 54.5 | 6.0 | 18.4 | 15.0 | -35.0% |
| Kuwait | 14.2 | 15.0 | 18.4 | 11.8 | -6.0% |
| India | 21.3 | 19.0 | 13.3 | 7.2 | -30.3% |
| Saudi Arabia | 4.6 | 4.5 | 3.4 | 2.0 | -24.2% |
| Iran | 4.1 | 3.9 | 2.9 | 1.7 | -25.4% |
| Others | 25.0 | 27.5 | 22.0 | 14.0 | -17.6% |
| Total | 350 | 375 | 400 | 388 | 3.5% |
Top Suppliers of Natural Bitumen and Asphalt to Pakistan in 2022:
- Indonesia (144.9 tons)
- China (113.0 tons)
- Argentina (52.6 tons)
- United Arab Emirates (15.0 tons)
- United States (11.5 tons)
- India (10.5 tons)
- Kuwait (5.8 tons)
- Iran (3.9 tons)
- Saudi Arabia (3.3 tons)
Exports of Natural Bitumen and Asphalt in Pakistan
In 2022, after three years of growth, there was significant decline in overseas shipments of natural bitumen and asphalt, when their volume decreased by -36.8% to 131 tons. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 289% against the previous year. As a result, the exports attained the peak of 208 tons, and then contracted dramatically in the following year.
In value terms, natural bitumen and asphalt exports declined sharply to $59K in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 198% against the previous year. As a result, the exports reached the peak of $88K, and then declined remarkably in the following year.
| Export of Natural Bitumen and Asphalt in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 5.5 | 4.4 | 28.9 | 29.7 | 75.4% |
| China | 1.5 | 1.2 | 7.8 | 8.1 | 75.4% |
| United Arab Emirates | 2.2 | 1.6 | 9.0 | 7.8 | 52.5% |
| India | 1.8 | 1.3 | 7.3 | 6.6 | 54.2% |
| South Africa | 2.6 | 1.6 | 7.9 | 6.1 | 32.9% |
| Djibouti | N/A | N/A | 20.3 | N/A | 0% |
| Ethiopia | N/A | 19.4 | N/A | N/A | 0% |
| Others | 1.2 | N/A | 6.7 | 0.4 | -30.7% |
| Total | 14.8 | 29.5 | 88.0 | 58.7 | 58.3% |
Top Export Markets for Natural Bitumen and Asphalt from Pakistan in 2022:
- South Africa (57.7 tons)
- United Arab Emirates (50.4 tons)
- Afghanistan (11.2 tons)
- China (7.0 tons)
- India (4.8 tons)
This report provides an in-depth analysis of the market for natural bitumen and asphalt in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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
-
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
-
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
3367
This report provides an in-depth analysis of the market for natural bitumen and asphalt in Pakistan.
3701
This report provides an in-depth analysis of the global market for natural bitumen and asphalt.
3367
This report provides an in-depth analysis of the market for natural bitumen and asphalt in Pakistan.
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...
