Australia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Australia

In 2022, the Australian non-rolled bitumen products market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed a slight increase. Non-rolled bitumen products consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Non-Rolled Bitumen Products Exports

Exports from Australia

After two years of decline, overseas shipments of non-rolled bitumen products decreased by X% to X tons in 2022. Overall, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-rolled bitumen products exports dropped rapidly to $X in 2022. Over the period under review, exports, however, showed a temperate increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Cocos (Keeling) Islands (X tons), New Zealand (X tons) and Italy (X tons) were the main destinations of non-rolled bitumen products exports from Australia, together comprising X% of total exports. The United States, Indonesia, Christmas Island and Papua New Guinea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Papua New Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cocos (Keeling) Islands ($X), New Zealand ($X) and Italy ($X) were the largest markets for non-rolled bitumen products exported from Australia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Cocos (Keeling) Islands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, saw a mild expansion. The growth pace was the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Italy ($X 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 Cocos (Keeling) Islands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Australia

In 2022, after two years of decline, there was significant growth in overseas purchases of non-rolled bitumen products, when their volume increased by X% to X tons. Overall, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, non-rolled bitumen products imports soared to $X in 2022. Over the period under review, imports saw slight growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of non-rolled bitumen products to Australia, with a X% share of total imports. Moreover, non-rolled bitumen products imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Russia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Russia (X% per year).

In value terms, the United States ($X) constituted the largest supplier of non-rolled bitumen products to Australia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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