Benelux: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Benelux

The Benelux non-rolled bitumen products market rose notably to $X in 2022, growing by 9.8% against the previous year. Overall, consumption saw a prominent expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Rolled Bitumen Products Production in Benelux

In value terms, non-rolled bitumen products production surged to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 113%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Non-Rolled Bitumen Products Exports

Exports in Benelux

In 2022, exports of non-rolled bitumen products in Benelux dropped dramatically to X tons, shrinking by -54.4% against 2021. Over the period under review, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2020 with an increase of 153%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports shrank rapidly to $X in 2022. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 194%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands represented the key exporting country with an export of about X tons, which finished at 67% of total exports. It was distantly followed by Belgium (X tons), generating a 30% share of total exports. Luxembourg (X tons) took a relatively small share of total exports.

The Netherlands was also the fastest-growing in terms of the non-rolled bitumen products exports, with a CAGR of +6.5% from 2012 to 2022. Luxembourg (-14.0%) and Belgium (-32.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Luxembourg increased by +65 and +1.9 percentage points, respectively.

In value terms, the Netherlands ($X) remains the largest non-rolled bitumen products supplier in Benelux, comprising 68% of total exports. The second position in the ranking was held by Belgium ($X), with a 28% share of total exports.

In the Netherlands, non-rolled bitumen products exports expanded at an average annual rate of +5.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-27.1% per year) and Luxembourg (-12.8% per year).

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, waning by -2.6% against the previous year. Overall, the export price, however, posted buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 78% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.6%), while the other leaders experienced mixed trends in the export price figures.

Non-Rolled Bitumen Products Imports

Imports in Benelux

In 2022, imports of non-rolled bitumen products in Benelux shrank remarkably to X tons, which is down by -30.3% on the previous year's figure. In general, imports saw a mild downturn. The growth pace was the most rapid in 2016 with an increase of 158%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, non-rolled bitumen products imports declined to $X in 2022. Over the period under review, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 171% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) and the Netherlands (X tons) were the largest importers of non-rolled bitumen products in Benelux, together generating 76% of total imports. It was distantly followed by Luxembourg (X tons), achieving a 24% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Luxembourg (with a CAGR of +15.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the Netherlands ($X) constitutes the largest market for imported non-rolled bitumen products in Benelux, comprising 69% of total imports. The second position in the ranking was held by Belgium ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to +2.6%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-11.3% per year) and Luxembourg (+9.1% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, surging by 22% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 24%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform