Australia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Australia

In 2022, the Australian non-rolled bitumen products market increased by 31% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption continues to indicate a mild increase. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Australia

Non-rolled bitumen products exports from Australia skyrocketed to X tons in 2022, growing by 36% on the year before. Overall, exports continue to indicate measured growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,542% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports shrank rapidly to $X in 2022. Over the period under review, exports posted perceptible growth. The growth pace was the most rapid in 2018 when exports increased by 443%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Cocos (Keeling) Islands (X tons), New Zealand (X tons) and Italy (X tons) were the main destinations of non-rolled bitumen products exports from Australia, with a combined 69% share of total exports. The United States, Indonesia, Christmas Island and Papua New Guinea lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of +98.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cocos (Keeling) Islands ($X), New Zealand ($X) and Italy ($X) appeared to be the largest markets for non-rolled bitumen products exported from Australia worldwide, with a combined 65% share of total exports.

Cocos (Keeling) Islands, with a CAGR of +43.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, falling by -67.8% against the previous year. Overall, the export price, however, recorded a mild increase. The growth pace was the most rapid in 2013 when the average export price increased by 518% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Italy ($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 Christmas Island (+26.4%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Rolled Bitumen Products Imports

Imports into Australia

After two years of decline, supplies from abroad of non-rolled bitumen products increased by 22% to X tons in 2022. Over the period under review, imports saw moderate growth. The pace of growth was the most pronounced in 2015 with an increase of 138% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products imports skyrocketed to $X in 2022. In general, imports showed slight growth. The pace of growth was the most pronounced in 2015 with an increase of 128% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of non-rolled bitumen products to Australia, accounting for a 77% share of total imports. Moreover, non-rolled bitumen products imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by Russia (X tons), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.6% per year) and Russia (+239.8% per year).

In value terms, the United States ($X) constituted the largest supplier of non-rolled bitumen products to Australia, comprising 77% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Russia, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.3% per year) and Russia (+282.2% per year).

Import Prices by Country

The average non-rolled bitumen products import price stood at $X per ton in 2022, growing by 11% against the previous year. In general, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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