U.S. - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Natural Bitumen and Asphalt in the United States - 2023
Contents:
- Price for Natural Bitumen and Asphalt in the United States (CIF) - 2023
- Price for Natural Bitumen and Asphalt in the United States (FOB) - 2023
- Imports of Natural Bitumen and Asphalt in the United States
- Exports of Natural Bitumen and Asphalt in the United States
Price for Natural Bitumen and Asphalt in the United States (CIF) - 2023
The average natural bitumen and asphalt import price stood at $464 per ton in August 2023, therefore, remained relatively stable against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 69% month-to-month. As a result, import price reached the peak level of $868 per ton. From October 2022 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Colombia ($467 per ton), while the price for Canada amounted to $123 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Colombia (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Natural Bitumen and Asphalt in the United States (FOB) - 2023
In August 2023, the average natural bitumen and asphalt export price amounted to $587 per ton, picking up by 13% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average export price increased by 103% against the previous month. As a result, the export price reached the peak level of $1,369 per ton. From November 2022 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the Netherlands ($1,687 per ton), while the average price for exports to Canada ($452 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Natural Bitumen and Asphalt in the United States
In 2022, approx. 118K tons of natural bitumen and asphalt were imported into the United States; falling by -75.4% on the previous year. Over the period under review, imports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports reached the peak of 480K tons, and then dropped significantly in the following year.
In value terms, natural bitumen and asphalt imports reduced remarkably to $54M in 2022. Overall, imports saw a sharp slump. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $164M, and then contracted dramatically in the following year.
| Import of Natural Bitumen and Asphalt in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 46.8 | 39.2 | 148 | 43.3 | -2.6% |
| Colombia | 5.4 | 5.3 | 4.6 | 8.3 | 15.4% |
| Argentina | 0.2 | 0.3 | 0.5 | 1.8 | 108.0% |
| Spain | 33.2 | 30.5 | 10.5 | N/A | -43.8% |
| Switzerland | 15.3 | N/A | 0.1 | N/A | -91.9% |
| Greece | 35.5 | 9.2 | N/A | N/A | -74.1% |
| Turkey | N/A | 37.4 | N/A | N/A | 0% |
| Others | 10.1 | 9.8 | 0.6 | 0.8 | -57.1% |
| Total | 147 | 132 | 164 | 54.2 | -28.3% |
Top Suppliers of Natural Bitumen and Asphalt to the United States in 2022:
- Canada (96.3K tons)
- Colombia (18.4K tons)
- Argentina (2.1K tons)
Exports of Natural Bitumen and Asphalt in the United States
In 2022, shipments abroad of natural bitumen and asphalt decreased by -31.8% to 299K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a slight downturn. The growth pace was the most rapid in 2020 when exports increased by 30%.
In value terms, natural bitumen and asphalt exports expanded rapidly to $156M in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 13%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Natural Bitumen and Asphalt in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 76.6 | 50.9 | 66.9 | 78.4 | 0.8% |
| Mexico | 12.5 | 37.9 | 44.0 | 32.8 | 37.9% |
| New Zealand | 0.1 | N/A | 5.6 | 7.9 | 329.1% |
| Saint Helena, Ascension and Tristan da Cunha | N/A | 0.1 | N/A | 7.0 | 736.7% |
| Dominican Republic | 1.1 | 13.8 | 3.9 | 6.7 | 82.6% |
| Argentina | 0.5 | 0.1 | 6.5 | 5.7 | 125.1% |
| Honduras | 4.7 | N/A | 1.2 | 2.4 | -20.1% |
| Costa Rica | 19.1 | 9.3 | N/A | 0.1 | -82.6% |
| Others | 30.4 | 18.9 | 19.4 | 15.3 | -20.5% |
| Total | 145 | 131 | 148 | 156 | 2.5% |
Top Export Markets for Natural Bitumen and Asphalt from the United States in 2022:
- Canada (140.0K tons)
- Mexico (89.5K tons)
- Honduras (15.2K tons)
- New Zealand (13.6K tons)
- Dominican Republic (11.7K tons)
- Argentina (6.8K tons)
- Saint Helena, Ascension and Tristan da Cunha (5.5K tons)
- Costa Rica (0.4K tons)
This report provides an in-depth analysis of the market for natural bitumen and asphalt in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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 the U.S..
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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 the U.S..
3692
This report provides an in-depth analysis of the global market for natural bitumen and asphalt.
239
During the review period, there has been a substantial rise in imports. The value of Natural Bitumen and Asphalt imports reached $6.2M in August 2023.
521
In value terms, natural bitumen and asphalt imports reduced rapidly to $493K in March 2023.
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In Apr 2022, the average export bitumen and asphalt price per ton amounted to $360, reducing by -7.5% against the previous month.
2016
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.
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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 ...
967
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...
7508
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...
239
During the review period, there has been a substantial rise in imports. The value of Natural Bitumen and Asphalt imports reached $6.2M in August 2023.
521
In value terms, natural bitumen and asphalt imports reduced rapidly to $493K in March 2023.
