Report Update Apr 1, 2024

Ethiopia - Asphalt or Bitumen Articles - Market Analysis, Forecast, Size, Trends and Insights

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Ethiopia: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Ethiopia

In 2022, the Ethiopian asphalt or bitumen article market increased by X% to $X, rising for the second year in a row after four years of decline. In general, consumption enjoyed a prominent expansion. Asphalt or bitumen article consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Asphalt or Bitumen Articles

Exports from Ethiopia

In 2021, approx. X kg of asphalt or bitumen articles were exported from Ethiopia; approximately reflecting the previous year. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X kg in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, asphalt or bitumen article exports amounted to $X in 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X kg) was the main destination for asphalt or bitumen article exports from Ethiopia, accounting for a approx. X% share of total exports.

From 2014 to 2021, the average annual rate of growth in terms of volume to Kuwait was relatively modest.

From 2014 to 2021, the average annual rate of growth in terms of value to Kuwait was relatively modest.

Export Prices by Country

In 2021, the average asphalt or bitumen article export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price recorded a pronounced expansion. The pace of growth appeared the most rapid in 2016 when the average export price decreased by X%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2014 to 2021, the rate of growth in terms of prices for Turkey amounted to X% per year.

Imports of Asphalt or Bitumen Articles

Imports into Ethiopia

In 2022, after two years of decline, there was significant growth in purchases abroad of asphalt or bitumen articles, when their volume increased by X% to X tons. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, asphalt or bitumen article imports soared to $X in 2022. In general, imports continue to indicate a remarkable increase. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of asphalt or bitumen article to Ethiopia, accounting for a X% share of total imports. Moreover, asphalt or bitumen article imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by China (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

In value terms, the largest asphalt or bitumen article suppliers to Ethiopia were China ($X), Saudi Arabia ($X) and Italy ($X), with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average asphalt or bitumen article import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asphalt or bitumen articles in the world?

The United States remains the largest asphalt or bitumen article consuming country worldwide, comprising approx. 42% of total volume. Moreover, asphalt or bitumen article consumption in the United States exceeded the figures recorded by the second-largest consumer, China, twofold. Brazil ranked third in terms of total consumption with a 3.6% share.

What are the largest producers of asphalt or bitumen articles in the world?

The United States remains the largest asphalt or bitumen article producing country worldwide, comprising approx. 42% of total volume. Moreover, asphalt or bitumen article production in the United States exceeded the figures recorded by the second-largest producer, China, twofold. Brazil ranked third in terms of total production with a 3.5% share.

What are the leading suppliers of asphalt or bitumen articles to Ethiopia?

In value terms, the largest asphalt or bitumen article suppliers to Ethiopia were China, Saudi Arabia and Italy, together accounting for 92% of total imports.

What is the average export price for asphalt or bitumen articles in Ethiopia?

In 2021, the average asphalt or bitumen article export price amounted to $1,838 per ton, remaining stable against the previous year.

What is the average import price for asphalt or bitumen articles in Ethiopia?

In 2022, the average asphalt or bitumen article import price amounted to $865 per ton, rising by 93% against the previous year.

This report provides an in-depth analysis of the market for asphalt or bitumen article in Ethiopia. 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 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls
Prodcom 23991290 - Products based on bitumen (excluding in rolls)

Country coverage:

Ethiopia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ethiopia
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023