Turkey - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Natural Bitumen and Asphalt in Turkey - 2023
Contents:
- Price for Natural Bitumen and Asphalt in Turkey (CIF) - 2022
- Price for Natural Bitumen and Asphalt in Turkey (FOB) - 2022
- Imports of Natural Bitumen and Asphalt in Turkey
- Exports of Natural Bitumen and Asphalt in Turkey
Price for Natural Bitumen and Asphalt in Turkey (CIF) - 2022
The average natural bitumen and asphalt import price stood at $1,046 per ton in 2022, picking up by 18% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +68.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 94%. The import price peaked at $1,222 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($2,572 per ton), while the price for Iran ($470 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Natural Bitumen and Asphalt in Turkey (FOB) - 2022
The average natural bitumen and asphalt export price stood at $535 per ton in 2022, with a decrease of -13.4% against the previous year. In general, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of 76%. Over the period under review, the average export prices attained the maximum at $1,048 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($1,023 per ton), while the average price for exports to Bulgaria ($91 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 Iraq (+7.8%), while the prices for the other major destinations experienced a decline.
Imports of Natural Bitumen and Asphalt in Turkey
After three years of growth, supplies from abroad of natural bitumen and asphalt decreased by -41.6% to 889 tons in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 139%.
In value terms, natural bitumen and asphalt imports contracted notably to $929K in 2022. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 163% against the previous year. As a result, imports reached the peak of $1.3M, and then fell rapidly in the following year.
| Import of Natural Bitumen and Asphalt in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.0 | 48.4 | 20.0 | 273 | 96.5% |
| Trinidad and Tobago | 212 | N/A | 486 | 229 | 2.6% |
| Iran | 33.4 | 142 | 261 | 214 | 85.7% |
| United Kingdom | N/A | N/A | N/A | 75.0 | 0% |
| Greece | N/A | N/A | 45.8 | 51.0 | 11.4% |
| Colombia | N/A | N/A | N/A | 47.3 | 0% |
| United Arab Emirates | N/A | 51.2 | 176 | 27.8 | -26.3% |
| Germany | 35.3 | 220 | 170 | 9.5 | -35.4% |
| Hong Kong SAR | N/A | 42.5 | 22.4 | N/A | -47.3% |
| Others | 36.4 | 6.1 | 163 | 2.5 | -59.0% |
| Total | 353 | 510 | 1,344 | 929 | 38.1% |
Top Suppliers of Natural Bitumen and Asphalt to Turkey in 2022:
- Iran (455.8 tons)
- Trinidad and Tobago (160.0 tons)
- United States (142.0 tons)
- Greece (41.9 tons)
- United Kingdom (40.0 tons)
- Colombia (18.4 tons)
- United Arab Emirates (18.0 tons)
- Germany (5.9 tons)
Exports of Natural Bitumen and Asphalt in Turkey
In 2022, the amount of natural bitumen and asphalt exported from Turkey surged to 1.4K tons, with an increase of 167% against 2021. Over the period under review, exports, however, showed a dramatic descent.
In value terms, natural bitumen and asphalt exports skyrocketed to $767K in 2022. Overall, exports, however, continue to indicate a deep slump.
| Export of Natural Bitumen and Asphalt in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 176 | 19.9 | 31.4 | 527 | 44.1% |
| Belgium | N/A | 104 | 169 | 109 | 2.4% |
| Iraq | 5.0 | N/A | 52.9 | 78.3 | 150.2% |
| Bulgaria | 2.2 | 0.8 | 0.9 | 10.6 | 68.9% |
| China | 38.3 | 7.2 | N/A | 3.0 | -57.2% |
| Niger | 665 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 45.3 | N/A | N/A | N/A | 0% |
| Italy | N/A | N/A | 30.4 | N/A | 0% |
| Others | 40.3 | 21.3 | 46.4 | 38.7 | -1.3% |
| Total | 971 | 154 | 331 | 767 | -7.6% |
Top Export Markets for Natural Bitumen and Asphalt from Turkey in 2022:
- Cyprus (1039.7 tons)
- Belgium (164.0 tons)
- Bulgaria (115.9 tons)
- Iraq (76.6 tons)
- China (0.5 tons)
This report provides an in-depth analysis of the market for natural bitumen and asphalt in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
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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 Turkey.
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This report provides an in-depth analysis of the global market for natural bitumen and asphalt.
1449
This report provides an in-depth analysis of the market for natural bitumen and asphalt in Turkey.
3693
This report provides an in-depth analysis of the global market for natural bitumen and asphalt.
595
In September 2022, the bitumen and asphalt price amounted to $771 per ton (CIF, Turkey), waning by -17.1% against the previous month.
2018
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.
5661
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...
7511
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...
595
In September 2022, the bitumen and asphalt price amounted to $771 per ton (CIF, Turkey), waning by -17.1% against the previous month.
2018
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.
5661
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...
