Report Update May 1, 2024

Ireland - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in Ireland

The Irish petroleum bitumen market declined notably to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a pronounced setback. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Petroleum Bitumen Exports

Exports from Ireland

After two years of decline, shipments abroad of petroleum bitumen increased by X% to X tons in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, petroleum bitumen exports surged to $X in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The UK (X tons) was the main destination for petroleum bitumen exports from Ireland, accounting for a approx. X% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to the UK totaled X%.

In value terms, the UK ($X) also remains the key foreign market for petroleum bitumen exports from Ireland.

From 2013 to 2022, the average annual growth rate of value to the UK stood at X%.

Export Prices by Country

In 2022, the average petroleum bitumen export price amounted to $X per ton, dropping by X% against the previous year. In general, export price indicated a slight expansion from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then declined remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2013 to 2022, the rate of growth in terms of prices for the UK amounted to X% per year.

Petroleum Bitumen Imports

Imports into Ireland

In 2022, approx. X tons of petroleum bitumen were imported into Ireland; declining by X% against the year before. In general, total imports indicated a modest increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. 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 tons, and then dropped dramatically in the following year.

In value terms, petroleum bitumen imports dropped sharply to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), the UK (X tons) and the Netherlands (X tons) were the main suppliers of petroleum bitumen imports to Ireland, with a combined X% share of total imports. Turkey, Italy and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X,515.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest petroleum bitumen suppliers to Ireland were France ($X), the UK ($X) and the Netherlands ($X), together accounting for X% of total imports. Turkey, Italy and Spain lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X,240.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average petroleum bitumen import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a pronounced curtailment. 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 attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and France ($X per ton), while the price for Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for petroleum bitumen in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, with a combined 49% share of global consumption. Russia, Qatar, Iran, the United Arab Emirates, South Korea, Japan, France, Germany, Saudi Arabia and Turkey lagged somewhat behind, together comprising a further 25%.

What are the largest producers of petroleum bitumen in the world?

The countries with the highest volumes of production in 2022 were China, the United States and Russia, together accounting for 44% of global production.

What are the leading suppliers of petroleum bitumen to Ireland?

In value terms, the largest petroleum bitumen suppliers to Ireland were France, the UK and the Netherlands, together accounting for 83% of total imports. Turkey, Italy and Spain lagged somewhat behind, together comprising a further 17%.

What are the leading importers of petroleum bitumen from Ireland?

In value terms, the UK remains the key foreign market for petroleum bitumen exports from Ireland.

What is the average export price for petroleum bitumen in Ireland?

The average petroleum bitumen export price stood at $583 per ton in 2022, with a decrease of -27.3% against the previous year.

What is the average import price for petroleum bitumen in Ireland?

In 2022, the average petroleum bitumen import price amounted to $504 per ton, with an increase of 30% against the previous year.

This report provides an in-depth analysis of the petroleum bitumen market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023