EU: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in the EU

For the third consecutive year, the EU asphalt or bitumen article market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Asphalt or Bitumen Articles in the EU

In value terms, asphalt or bitumen article production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Asphalt or Bitumen Articles

Exports in the EU

In 2022, after two years of growth, there was decline in overseas shipments of asphalt or bitumen articles, when their volume decreased by X% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, asphalt or bitumen article exports expanded markedly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy was the largest exporter of asphalt or bitumen articles in the European Union, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Germany (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%), Spain (X%), Poland (X%), France (X%), Slovakia (X%) and Austria (X%). The Czech Republic (X tons), Finland (X tons), Lithuania (X tons), Slovenia (X tons) and Sweden (X tons) took a minor share of total exports.

Italy experienced a relatively flat trend pattern with regard to volume of exports of asphalt or bitumen articles. At the same time, Slovenia (X%), Slovakia (X%), Austria (X%), Spain (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Poland and France experienced a relatively flat trend pattern. By contrast, Sweden (X%), Germany (X%), the Czech Republic (X%), Finland (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain, Slovakia and Austria increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest asphalt or bitumen article supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Italy was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

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

Imports of Asphalt or Bitumen Articles

Imports in the EU

For the third year in a row, the European Union recorded growth in supplies from abroad of asphalt or bitumen articles, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, asphalt or bitumen article imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons), distantly followed by Belgium (X tons), the Czech Republic (X tons), France (X tons), Poland (X tons), Germany (X tons) and Slovakia (X tons) represented the largest importers of asphalt or bitumen articles, together comprising X% of total imports. The following importers - Sweden (X tons), Hungary (X tons), Bulgaria (X tons), Romania (X tons), Lithuania (X tons) and Austria (X tons) - together made up X% of total imports.

The Netherlands was also the fastest-growing in terms of the asphalt or bitumen articles imports, with a CAGR of X% from 2012 to 2022. At the same time, Slovakia (X%), France (X%), Belgium (X%), Lithuania (X%), Sweden (X%), Bulgaria (X%), Hungary (X%) and Romania (X%) displayed positive paces of growth. Poland and the Czech Republic experienced a relatively flat trend pattern. By contrast, Austria (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Belgium (X p.p.), Slovakia (X p.p.) and France (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Poland (X p.p.), Austria (X p.p.), the Czech Republic (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported asphalt or bitumen articles in the European Union, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Belgium, with a X% share.

In the Netherlands, asphalt or bitumen article imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (X% per year) and Belgium (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a slight reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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