Middle East: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in the Middle East

The Middle Eastern bituminous mixtures market fell modestly to $X in 2022, therefore, remained relatively stable against the previous year. The total consumption indicated temperate growth 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 decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Bituminous Mixtures Production in the Middle East

In value terms, bituminous mixtures production reduced modestly to $X in 2022 estimated in export price. The total production indicated measured growth 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Bituminous Mixtures Exports

Exports in the Middle East

In 2022, overseas shipments of bituminous mixtures decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then reduced notably in the following year.

In value terms, bituminous mixtures exports reduced sharply to $X in 2022. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

In 2022, Iraq (X tons) was the major exporter of bituminous mixtures, constituting X% of total exports. Iran (X tons) took the second position in the ranking, followed by Oman (X tons) and the United Arab Emirates (X tons). All these countries together held approx. X% share of total exports.

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

In value terms, Iraq ($X), Iran ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. These countries were followed by Oman, which accounted for a further X%.

In terms of the main exporting countries, Oman, 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

In 2022, the export price in the Middle East amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2019 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 stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Iraq (X%), while the other leaders experienced a decline in the export price figures.

Bituminous Mixtures Imports

Imports in the Middle East

In 2022, imports of bituminous mixtures in the Middle East rose slightly to X tons, increasing by X% against the year before. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, bituminous mixtures imports fell significantly to $X in 2022. Overall, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Qatar represented the largest importer of bituminous mixtures in the Middle East, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Oman (X tons), Lebanon (X tons) and Yemen (X tons), together achieving a X% share of total imports. The following importers - Israel (X tons), Iraq (X tons) and Turkey (X tons) - together made up X% of total imports.

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

In value terms, Qatar ($X) constitutes the largest market for imported bituminous mixtures in the Middle East, comprising X% of total imports. The second position in the ranking was held by Lebanon ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

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

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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