Czech Republic: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in the Czech Republic

In 2022, the Czech asphalt or bitumen article market decreased by -0.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Asphalt or Bitumen Articles in the Czech Republic

In value terms, asphalt or bitumen article production reduced to $X in 2022 estimated in export price. Overall, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by 131%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Asphalt or Bitumen Articles

Exports from the Czech Republic

In 2022, overseas shipments of asphalt or bitumen articles increased by 12% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a mild contraction. The growth pace was the most rapid in 2014 with an increase of 14%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, asphalt or bitumen article exports soared to $X in 2022. Overall, exports, however, showed a slight descent. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Slovakia (X tons) and Austria (X tons) were the main destinations of asphalt or bitumen article exports from the Czech Republic, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +17.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for asphalt or bitumen article exported from the Czech Republic were Germany ($X), Slovakia ($X) and Austria ($X), together comprising 86% of total exports.

Austria, with a CAGR of +18.3%, saw 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

In 2022, the average asphalt or bitumen article export price amounted to $X per ton, with an increase of 25% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Germany ($X per ton), while the average price for exports to Poland ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into the Czech Republic

In 2022, after five years of growth, there was significant decline in overseas purchases of asphalt or bitumen articles, when their volume decreased by -12.3% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 13%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, asphalt or bitumen article imports amounted to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.0% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of asphalt or bitumen article imports to the Czech Republic, with a combined 42% share of total imports. Slovakia, Belarus, Austria, France, Germany, Finland, Lithuania and Belgium lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +27.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest asphalt or bitumen article suppliers to the Czech Republic were Russia ($X), Italy ($X) and Poland ($X), together accounting for 37% of total imports. France, Slovakia, Austria, Germany, Belarus, Finland, Belgium and Lithuania lagged somewhat behind, together accounting for a further 50%.

In terms of the main suppliers, Belarus, with a CAGR of +25.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average asphalt or bitumen article import price amounted to $X per ton, jumping by 16% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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