Australia and Oceania: Market for Natural Bitumen and Asphalt 2024

Exports of Natural Bitumen and Asphalt

Exports in Australia and Oceania

In 2022, the amount of natural bitumen and asphalt exported in Australia and Oceania fell dramatically to X tons, reducing by X% compared with the previous year. In general, exports, however, posted a temperate increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, natural bitumen and asphalt exports fell rapidly to $X in 2022. Over the period under review, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand was the key exporting country with an export of around X tons, which reached X% of total exports. Australia (X tons) ranks second in terms of the total exports with a X% share, followed by Papua New Guinea (X%) and Fiji (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Papua New Guinea (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Australia ($X) emerged as the largest natural bitumen and asphalt supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports. It was followed by Papua New Guinea, with a X% share.

In Australia, natural bitumen and asphalt exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, saw a noticeable curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Natural Bitumen and Asphalt

Imports in Australia and Oceania

In 2022, overseas purchases of natural bitumen and asphalt increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, natural bitumen and asphalt imports surged to $X in 2022. Over the period under review, imports, however, showed a pronounced downturn. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

New Caledonia represented the main importing country with an import of about X tons, which amounted to X% of total imports. Papua New Guinea (X tons) ranks second in terms of the total imports with an X% share, followed by French Polynesia (X%) and Guam (X%). The following importers - Australia (X tons) and New Zealand (X tons) - each finished at a X% share of total imports.

New Caledonia was also the fastest-growing in terms of the natural bitumen and asphalt imports, with a CAGR of X% from 2012 to 2022. At the same time, Guam (X%) displayed positive paces of growth. French Polynesia experienced a relatively flat trend pattern. By contrast, Papua New Guinea (X%), New Zealand (X%) and Australia (X%) illustrated a downward trend over the same period. New Caledonia (X p.p.), French Polynesia (X p.p.) and Guam (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand, Australia and Papua New Guinea saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, New Caledonia ($X) constitutes the largest market for imported natural bitumen and asphalt in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by French Polynesia ($X), with a X% share of total imports. It was followed by Papua New Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in New Caledonia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: French Polynesia (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced mixed trends in the import price figures.

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Source: IndexBox Platform

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