Brazil: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Brazil

In 2022, the Brazilian non-rolled bitumen products market decreased by -1% to $X for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank modestly in the following year.

Non-Rolled Bitumen Products Production in Brazil

In value terms, non-rolled bitumen products production amounted to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -0.2% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Brazil

In 2022, overseas shipments of non-rolled bitumen products increased by 27% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 179%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-rolled bitumen products exports surged to $X in 2022. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 158% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons) was the main destination for non-rolled bitumen products exports from Brazil, accounting for a 47% share of total exports. Moreover, non-rolled bitumen products exports to Colombia exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by Peru (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+40.3% per year) and Peru (-21.1% per year).

In value terms, Colombia ($X) remains the key foreign market for non-rolled bitumen products exports from Brazil, comprising 43% of total exports. The second position in the ranking was held by Mexico ($X), with a 13% share of total exports. It was followed by Peru, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+35.7% per year) and Peru (-20.6% per year).

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, picking up by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Argentina ($X per ton), while the average price for exports to Paraguay ($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 (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Brazil

In 2022, supplies from abroad of non-rolled bitumen products decreased by -48.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 30%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products imports shrank rapidly to $X in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Canada (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of non-rolled bitumen products imports to Brazil, together accounting for 94% of total imports. Lithuania and France lagged somewhat behind, together comprising a further 3.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +23.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest non-rolled bitumen products suppliers to Brazil were Canada ($X), Italy ($X) and the United States ($X), together comprising 92% of total imports. Lithuania and France lagged somewhat behind, together comprising a further 2.8%.

In terms of the main suppliers, Lithuania, with a CAGR of +27.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-rolled bitumen products import price stood at $X per ton in 2022, surging by 26% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 France (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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