Austria: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Austria

For the eighth consecutive year, the Austrian natural bitumen and asphalt market recorded growth in sales value, which increased by 25% to $X in 2021. In general, consumption saw buoyant growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Natural Bitumen and Asphalt in Austria

In value terms, natural bitumen and asphalt production shrank to $X in 2021 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 44%. Natural bitumen and asphalt production peaked at $X in 2020, and then fell in the following year.

Exports of Natural Bitumen and Asphalt

Exports from Austria

In 2021, the amount of natural bitumen and asphalt exported from Austria skyrocketed to X tons, growing by 2,135% compared with the previous year's figure. Over the period under review, exports, however, faced a dramatic descent. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural bitumen and asphalt exports skyrocketed to $X in 2021. Overall, exports, however, recorded a sharp slump. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Croatia (X tons), Slovenia (X tons) and Germany (X kg) were the main destinations of natural bitumen and asphalt exports from Austria.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +26.1%), while the other leaders experienced a decline.

In value terms, Croatia ($X), Slovenia ($X) and Germany ($X) constituted the largest markets for natural bitumen and asphalt exported from Austria worldwide, with a combined 99.9% share of total exports.

Croatia, with a CAGR of +34.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average natural bitumen and asphalt export price amounted to $X per ton, surging by 110% against the previous year. In general, the export price saw a significant expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 115%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Bitumen and Asphalt

Imports into Austria

In 2021, purchases abroad of natural bitumen and asphalt increased by 151% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a significant increase. The growth pace was the most rapid in 2017 with an increase of 786% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, natural bitumen and asphalt imports soared to $X in 2021. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 1,086%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) was the main supplier of natural bitumen and asphalt to Austria, accounting for a 100% share of total imports. It was followed by the Czech Republic (X tons), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +52.9%.

In value terms, Germany ($X) constituted the largest supplier of natural bitumen and asphalt to Austria, comprising 99% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +20.4%.

Import Prices by Country

The average natural bitumen and asphalt import price stood at $X per ton in 2021, waning by -2.4% against the previous year. Over the period under review, the import price saw a sharp descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.6%).

Source: IndexBox Platform

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