Slovenia: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in Slovenia

In 2022, the Slovene petroleum bitumen market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a buoyant 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 2020 indices. Petroleum bitumen consumption peaked in 2022 and is likely to see steady growth in the near future.

Petroleum Bitumen Exports

Exports from Slovenia

In 2022, shipments abroad of petroleum bitumen increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, petroleum bitumen exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for petroleum bitumen exports from Slovenia, accounting for a X% share of total exports. Moreover, petroleum bitumen exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Croatia (X tons), ninefold. The third position in this ranking was taken by Serbia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Serbia (X% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for petroleum bitumen exports from Slovenia, comprising X% of total exports. The second position in the ranking was held by Croatia ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (X% per year) and Serbia (X% per year).

Export Prices by Country

In 2022, the average petroleum bitumen export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Austria ($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 Croatia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Petroleum Bitumen Imports

Imports into Slovenia

In 2022, overseas purchases of petroleum bitumen increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a buoyant expansion 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 most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, petroleum bitumen imports skyrocketed to $X in 2022. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Hungary (X tons) and Austria (X tons) were the main suppliers of petroleum bitumen imports to Slovenia, together accounting for X% of total imports. The Czech Republic, Croatia, Bulgaria, Bosnia and Herzegovina and Serbia 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 Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Hungary ($X) and Austria ($X) constituted the largest petroleum bitumen suppliers to Slovenia, together accounting for X% of total imports. The Czech Republic, Croatia, Bulgaria, Bosnia and Herzegovina and Serbia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 petroleum bitumen import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per ton) and Croatia ($X per ton), while the price for Serbia ($X per ton) and Bosnia and Herzegovina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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