Brazil: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Brazil

The Brazilian asphalt or bitumen article market contracted modestly to $X in 2022, with a decrease of -2.8% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Asphalt or Bitumen Articles in Brazil

In value terms, asphalt or bitumen article production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Asphalt or Bitumen Articles

Exports from Brazil

In 2022, the amount of asphalt or bitumen articles exported from Brazil dropped slightly to X tons, with a decrease of -1.5% against 2021. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by 68% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, asphalt or bitumen article exports rose sharply to $X in 2022. Over the period under review, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 62%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Paraguay (X tons), Colombia (X tons) and Uruguay (X tons) were the main destinations of asphalt or bitumen article exports from Brazil, with a combined 72% share of total exports. Bolivia, Chile, Peru, Mexico and Argentina lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +40.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for asphalt or bitumen article exported from Brazil were Paraguay ($X), Colombia ($X) and Uruguay ($X), together accounting for 62% of total exports. Bolivia, Argentina, Chile, Peru and Mexico lagged somewhat behind, together comprising a further 26%.

Mexico, with a CAGR of +35.7%, 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 asphalt or bitumen article export price stood at $X per ton in 2022, picking up by 11% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, asphalt or bitumen article export price increased by +70.5% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 12%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 Argentina ($X per ton), while the average price for exports to Uruguay ($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 Argentina (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into Brazil

In 2022, asphalt or bitumen article imports into Brazil contracted rapidly to X tons, dropping by -33.3% against the previous year's figure. Overall, imports showed a deep setback. The growth pace was the most rapid in 2019 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, asphalt or bitumen article imports dropped dramatically to $X in 2022. Over the period under review, imports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Canada (X tons) and Italy (X tons) were the main suppliers of asphalt or bitumen article imports to Brazil, together accounting for 70% of total imports. Turkey, the United States, Lithuania, Spain and France lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +43.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Canada ($X) and Italy ($X) appeared to be the largest asphalt or bitumen article suppliers to Brazil, together comprising 70% of total imports. Turkey, the United States, Lithuania, France and Spain lagged somewhat behind, together accounting for a further 25%.

Turkey, with a CAGR of +42.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average asphalt or bitumen article import price stood at $X per ton in 2022, surging by 23% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 France ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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