Europe: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Europe

In 2022, the Europe asphalt or bitumen article market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Asphalt or Bitumen Articles in Europe

In value terms, asphalt or bitumen article production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible descent. The pace of growth was the most pronounced 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 Europe

After two years of growth, shipments abroad of asphalt or bitumen articles decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, asphalt or bitumen article exports expanded rapidly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Russia (X tons) and Italy (X tons) were the main exporters of asphalt or bitumen articles in Europe, together recording approx. X% of total exports. Germany (X tons) held the next position in the ranking, followed by Belgium (X tons), Spain (X tons) and Poland (X tons). All these countries together took near X% share of total exports. The following exporters - Belarus (X tons), France (X tons), Slovakia (X tons), Austria (X tons), the Czech Republic (X tons), Finland (X tons) and Lithuania (X tons) - together made up X% of total exports.

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

In value terms, Italy ($X), Russia ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Belgium, France, Poland, Spain, Austria, Finland, Belarus, Slovakia, the Czech Republic and Lithuania lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Belarus, 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 export price in Europe amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. 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 Belgium ($X per ton), while Russia ($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 Europe

After five years of growth, overseas purchases of asphalt or bitumen articles decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, asphalt or bitumen article imports rose markedly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons), distantly followed by Belgium (X tons), the UK (X tons), the Czech Republic (X tons), France (X tons), Poland (X tons) and Germany (X tons) represented the key importers of asphalt or bitumen articles, together comprising X% of total imports. Slovakia (X tons), Sweden (X tons), Hungary (X tons), Bulgaria (X tons), Romania (X tons) and Switzerland (X tons) followed a long way behind the leaders.

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%), Sweden (X%), Bulgaria (X%), Hungary (X%), the UK (X%), Switzerland (X%) and Romania (X%) displayed positive paces of growth. Poland and the Czech Republic experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Belgium, France and Slovakia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), the UK ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a mild reduction. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($X per ton), while the Netherlands ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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