Argentina: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Argentina

The Argentinian non-rolled bitumen products market totaled $X in 2022, growing by 7% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 -5.0% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Rolled Bitumen Products Production in Argentina

In value terms, non-rolled bitumen products production expanded notably to $X in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Non-Rolled Bitumen Products Exports

Exports from Argentina

In 2022, exports of non-rolled bitumen products from Argentina dropped sharply to X tons, which is down by -34.2% compared with 2021 figures. Overall, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2017 when exports increased by 3,600%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products exports reduced remarkably to $X in 2022. Over the period under review, exports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 3,005% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), Lithuania (X tons) and Bolivia (X tons) were the main destinations of non-rolled bitumen products exports from Argentina, together comprising 79% of total exports. Paraguay and Uruguay lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of +51.8%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Lithuania ($X) and Bolivia ($X) appeared to be the largest markets for non-rolled bitumen products exported from Argentina worldwide, with a combined 90% share of total exports. Paraguay and Uruguay lagged somewhat behind, together accounting for a further 7.9%.

Paraguay, with a CAGR of +32.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, picking up by 9.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 30%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Bolivia ($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 Lithuania (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Rolled Bitumen Products Imports

Imports into Argentina

In 2022, supplies from abroad of non-rolled bitumen products increased by 276% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a mild downturn. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt setback. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of non-rolled bitumen products to Argentina, accounting for a 85% share of total imports. Moreover, non-rolled bitumen products imports from Canada exceeded the figures recorded by the second-largest supplier, Brazil (X tons), tenfold. The third position in this ranking was held by Turkey (X tons), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-20.4% per year) and Turkey (+106.0% per year).

In value terms, the largest non-rolled bitumen products suppliers to Argentina were Canada ($X), Turkey ($X) and Brazil ($X), with a combined 89% share of total imports.

Turkey, with a CAGR of +207.1%, saw the highest rates of growth with regard to 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 non-rolled bitumen products import price amounted to $X per ton, falling by -52.7% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by 48%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+49.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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