France: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in France

The French natural bitumen and asphalt market reduced to $X in 2022, declining by X% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Natural Bitumen and Asphalt in France

In value terms, natural bitumen and asphalt production contracted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Exports of Natural Bitumen and Asphalt

Exports from France

In 2022, the amount of natural bitumen and asphalt exported from France dropped remarkably to X tons, falling by X% on the previous year's figure. In general, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural bitumen and asphalt exports contracted significantly to $X in 2022. Overall, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons) was the main destination for natural bitumen and asphalt exports from France, accounting for a X% share of total exports. Moreover, natural bitumen and asphalt exports to Switzerland exceeded the volume sent to the second major destination, Luxembourg (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (X% per year) and Belgium (X% per year).

In value terms, Switzerland ($X) remains the key foreign market for natural bitumen and asphalt exports from France, comprising X% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (X% per year) and Germany (X% per year).

Export Prices by Country

The average natural bitumen and asphalt export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Bitumen and Asphalt

Imports into France

In 2022, after three years of growth, there was significant decline in supplies from abroad of natural bitumen and asphalt, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted dramatically in the following year.

In value terms, natural bitumen and asphalt imports contracted modestly to $X in 2022. In general, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced slightly in the following year.

Imports by Country

Spain (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of natural bitumen and asphalt imports to France, together comprising X% of total imports.

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

In value terms, Spain ($X), Germany ($X) and Belgium ($X) appeared to be the largest natural bitumen and asphalt suppliers to France, with a combined X% share of total imports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average natural bitumen and asphalt import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price posted a buoyant expansion. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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