GCC: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in GCC

In 2022, the GCC non-rolled bitumen products market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, showed a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Production in GCC

In value terms, non-rolled bitumen products production stood at $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Non-Rolled Bitumen Products Exports

Exports in GCC

In 2022, the amount of non-rolled bitumen products exported in GCC dropped significantly to X tons, falling by X% against the previous year's figure. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products exports shrank significantly to $X in 2022. Overall, exports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Oman was the key exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons), together making up an X% share of total exports.

Oman was also the fastest-growing in terms of the non-rolled bitumen products exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Oman ($X) remains the largest non-rolled bitumen products supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Oman, non-rolled bitumen products exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Non-Rolled Bitumen Products Imports

Imports in GCC

For the fifth consecutive year, GCC recorded decline in overseas purchases of non-rolled bitumen products, which decreased by X% to X tons in 2022. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products imports declined significantly to $X in 2022. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the main importer of non-rolled bitumen products in GCC, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Qatar (X tons), Oman (X tons) and Kuwait (X tons), together committing a X% share of total imports. Bahrain (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-rolled bitumen products imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%), Qatar (X%) and Bahrain (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Kuwait (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar and Bahrain saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-rolled bitumen products in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, surging by X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Kuwait ($X per ton), while Qatar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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