Report Update Apr 1, 2024

Mexico - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Mexico

The Mexican natural bitumen and asphalt market reduced to $X in 2022, waning by X% against the previous year. Overall, consumption, however, enjoyed a perceptible expansion. Natural bitumen and asphalt consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Natural Bitumen and Asphalt in Mexico

In value terms, natural bitumen and asphalt production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Natural Bitumen and Asphalt

Exports from Mexico

In 2022, after four years of growth, there was significant decline in overseas shipments of natural bitumen and asphalt, when their volume decreased by X% to X tons. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell significantly in the following year.

In value terms, natural bitumen and asphalt exports reduced notably to $X in 2022. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Guatemala (X tons) was the main destination for natural bitumen and asphalt exports from Mexico, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Guatemala stood at X%.

In value terms, Guatemala ($X) also remains the key foreign market for natural bitumen and asphalt exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to Guatemala totaled X%.

Export Prices by Country

The average natural bitumen and asphalt export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to X% per year.

Imports of Natural Bitumen and Asphalt

Imports into Mexico

In 2022, imports of natural bitumen and asphalt into Mexico reduced to X tons, waning by X% on 2021 figures. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, natural bitumen and asphalt imports dropped sharply to $X in 2022. Over the period under review, imports continue to indicate a sharp descent. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Colombia (X tons) and the United States (X tons) were the main suppliers of natural bitumen and asphalt imports to Mexico.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%).

In value terms, Colombia ($X) and the United States ($X) appeared to be the largest natural bitumen and asphalt suppliers to Mexico.

Among the main suppliers, Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average natural bitumen and asphalt import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. 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 remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Colombia amounted to $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural bitumen and asphalt in the world?

The countries with the highest volumes of consumption in 2023 were Venezuela, Canada and Kazakhstan, together accounting for 86% of global consumption.

What are the largest producers of natural bitumen and asphalt in the world?

The countries with the highest volumes of production in 2022 were Venezuela, Canada and Kazakhstan, with a combined 85% share of global production.

What are the leading suppliers of natural bitumen and asphalt to Mexico?

In value terms, Colombia and the United States constituted the largest natural bitumen and asphalt suppliers to Mexico.

What are the leading importers of natural bitumen and asphalt from Mexico?

In value terms, Guatemala remains the key foreign market for natural bitumen and asphalt exports from Mexico.

What is the average export price for natural bitumen and asphalt in Mexico?

The average natural bitumen and asphalt export price stood at $1,136 per ton in 2022, jumping by 71% against the previous year.

What is the average import price for natural bitumen and asphalt in Mexico?

In 2022, the average natural bitumen and asphalt import price amounted to $1,059 per ton, waning by -7.7% against the previous year.

This report provides an in-depth analysis of the market for natural bitumen and asphalt in Mexico. 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:

Prodcom 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
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