Eastern Europe: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Eastern Europe

The East European natural bitumen and asphalt market stood at $X in 2022, picking up by X% against the previous year. Overall, consumption saw a pronounced descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Natural Bitumen and Asphalt in Eastern Europe

In value terms, natural bitumen and asphalt production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Exports of Natural Bitumen and Asphalt

Exports in Eastern Europe

In 2022, approx. X tons of natural bitumen and asphalt were exported in Eastern Europe; waning by X% compared with the year before. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 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 sharp slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. The following exporters - Hungary (X tons), Poland (X tons) and Russia (X tons) - together made up X% of total exports.

The Czech Republic was also the fastest-growing in terms of the natural bitumen and asphalt exports, with a CAGR of X% from 2012 to 2022. Russia (X%), Hungary (X%) and Poland (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Russia, Hungary and Poland saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Poland ($X), Hungary ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Hungary, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a dramatic shrinkage. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

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

Imports of Natural Bitumen and Asphalt

Imports in Eastern Europe

After four years of growth, purchases abroad of natural bitumen and asphalt decreased by X% to X tons in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, natural bitumen and asphalt imports contracted significantly to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Romania (X tons) and Poland (X tons) were the major importers of natural bitumen and asphalt in 2022, amounting to near X% and X% of total imports, respectively. It was distantly followed by Lithuania (X tons), comprising a X% share of total imports. Russia (X tons) and the Czech Republic (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) constitutes the largest market for imported natural bitumen and asphalt in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

In Romania, natural bitumen and asphalt imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Lithuania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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