Europe: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in Europe

In 2022, the Europe petroleum bitumen market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a slight downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Petroleum Bitumen Production in Europe

In value terms, petroleum bitumen production declined to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Petroleum Bitumen Exports

Exports in Europe

In 2022, overseas shipments of petroleum bitumen decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. The total export volume 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 in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank notably in the following year.

In value terms, petroleum bitumen exports stood at $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the six major exporters of petroleum bitumen, namely Germany, Greece, Italy, Spain, the Netherlands and Russia, represented more than two-thirds of total export. The following exporters - France (X tons), Hungary (X tons), Poland (X tons), the Czech Republic (X tons), Sweden (X tons), Belgium (X tons) and Lithuania (X tons) - together made up X% of total exports.

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

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

In terms of the main exporting countries, Greece, 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

The export price in Europe stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, saw a mild shrinkage. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Czech Republic ($X per ton) and Poland ($X per ton), while Greece ($X per ton) and Italy ($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 other leaders experienced a decline in the export price figures.

Petroleum Bitumen Imports

Imports in Europe

After two years of growth, supplies from abroad of petroleum bitumen decreased by X% to X tons in 2022. The total import volume 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. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, petroleum bitumen imports rose sharply to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of petroleum bitumen imports in 2022 were France (X tons), Belgium (X tons) and the UK (X tons), together reaching X% of total import. It was distantly followed by Romania (X tons), committing a X% share of total imports. Sweden (X tons), Norway (X tons), Austria (X tons), Spain (X tons), Switzerland (X tons), the Netherlands (X tons), Hungary (X tons), Finland (X tons) and Poland (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In terms of the main importing countries, the UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Norway ($X per ton) and Finland ($X per ton), while Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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