We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
World - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

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

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Aug 30, 2021

Global Imports of Bitumen and Asphalt Fall Despite Increased Supplies to China and the U.S.

IndexBox has just published a new report: 'World - Natural Bitumen And Natural Asphalt - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

Global imports of bitumen and asphalt went down by -15% y-o-y to 2.1M tons in 2020. In value terms, imports dropped to $918M. America holds leadership in global imports of bitumen and asphalt. The U.S., Romania, China and France were among the few countries that managed to ramp up import supplies. The average bitumen and asphalt import price grew by +15% y-o-y to $427 per ton in 2020. Indonesia dominates the Chinese imports, while Greece, Canada and Spain provide the bulk of bitumen and asphalt imported to the U.S.

Global Imports of Bitumen and Asphalt

Global bitumen and asphalt imports dropped rapidly to 2.1M tons in 2020, down by -15.2% against the previous year's figure. In value terms, bitumen and asphalt imports dropped from $943M in 2019 to $918M (IndexBox estimates) in 2020.

The U.S. (578K tons), distantly followed by Saudi Arabia (275K tons), Egypt (193K tons), France (185K tons), Canada (174K tons), and China (168K tons) were the key importers of bitumen and asphalt, together creating 73% of total imports. The following importers - the UK (92K tons), Myanmar (72K tons), Romania (51K tons) and Vietnam (48K tons) - together made up 12% of total imports.

The U.S., Romania, China and France managed to increase their import volume. Most other countries reduced the purchases from abroad.

In 2020, the U.S., China and Romania featured the highest growth rates regarding import volume. American bitumen and asphalt imports rose from 378K tons to 578K tons in 2020. Over the same period, China boosted purchases from 112K tons to 168K tons. Last year, Romania doubled its import volume of bitumen and asphalt, while France saw an 8.4%-increase in supplies from abroad.

In value terms, the largest bitumen and asphalt importing markets worldwide were Saudi Arabia ($320M), the U.S. ($178M) and Egypt ($120M), with a combined 67% share of global imports. France, Canada, Vietnam, Myanmar, China, Romania and the UK lagged somewhat behind, together comprising a further 21%.

The average bitumen and asphalt import price stood at $427 per ton in 2020, with an increase of +15% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, Saudi Arabia was the country with the highest price, while the UK was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the other global leaders experienced more modest paces of growth.

Major Suppliers of Bitumen and Asphalt to the U.S.

Greece (166K tons), Canada (152K tons) and Spain (83K tons) are responsible for 81% of total American imports. Turkey (44K tons) ranks fourth among the leading suppliers of bitumen and asphalt to the U.S.

In value terms, the largest bitumen and asphalt suppliers to the U.S. are Greece ($53M), Canada ($42M) and Turkey ($38M), together comprising 74% of total imports.

Major Suppliers of Bitumen and Asphalt to China

Indonesia (84K tons) dominates the Chinese imports with a 75%-share of the total volume. Malaysia (17K tons) and Canada (11K tons) follow Indonesia.

In value terms, Malaysia ($5.6M), Canada ($5.2M) and Indonesia ($3.9M) are the largest bitumen and asphalt suppliers to China, with a combined 96% share of total imports.

Major Suppliers of Bitumen and Asphalt to Romania

Poland (33K tons) constitutes the largest bitumen and asphalt supplier to Romania, with a 64% share of total imports. Moreover, bitumen and asphalt imports from Poland exceed the figures recorded by the second-largest supplier, Greece (7.7K tons), fourfold. Austria (6.3K tons) ranks third in terms of total imports with a 12% share.

In value terms, Poland ($9.6M) is the largest supplier of bitumen and asphalt to Romania, comprising 59% of total imports. The second position in the ranking is occupied by Austria ($3M), with an 18% share of total imports. It was followed by Greece, with a 13% share.

Source: IndexBox Market Intelligence Platform

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company, Valero Energy Corporation, Nynas AB., CEMEX S.A.B. de C.V., China Petroleum and chemical Corporation, Royal Dutch Shell, United Refining Company, Total France, Asphalt & Bitumen West Co., Raha Bitumen, Asia Bitumen, Sinopec, Nynas, GOIL Ltd, Total Energies, Gazprom Neft, Indian Oil Corporation

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended posts

Free Data: Natural Bitumen and Asphalt - World
Table
Natural Bitumen and Asphalt - World - Table
Dashboard
Natural Bitumen and Asphalt - World - Dashboard
Report
Natural Bitumen and Asphalt - World - Report