Czech Republic: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in the Czech Republic

For the eighth year in a row, the Czech natural bitumen and asphalt market recorded growth in sales value, which increased by 7.8% to $X in 2021. Over the period under review, consumption posted resilient growth. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Production of Natural Bitumen and Asphalt in the Czech Republic

In value terms, natural bitumen and asphalt production rose rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 28% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in the near future.

Exports of Natural Bitumen and Asphalt

Exports from the Czech Republic

In 2021, shipments abroad of natural bitumen and asphalt increased by 123% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 408% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, natural bitumen and asphalt exports soared to $X in 2021. In general, exports, however, recorded a sharp reduction. The growth pace was the most rapid in 2018 with an increase of 68%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for natural bitumen and asphalt exports from the Czech Republic, accounting for a 158% share of total exports. It was followed by Slovakia (X tons), with a 3.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Poland stood at +61.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-32.3% per year) and Germany (-37.1% per year).

In value terms, Poland ($X), Slovakia ($X) and Germany ($X) constituted the largest markets for natural bitumen and asphalt exported from the Czech Republic worldwide, together accounting for 96% of total exports.

Among the main countries of destination, Poland, with a CAGR of +23.5%, saw the highest growth rate of the value of exports, 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, declining by -30.1% against the previous year. Overall, the export price recorded a dramatic curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 165%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Germany (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Bitumen and Asphalt

Imports into the Czech Republic

In 2021, supplies from abroad of natural bitumen and asphalt increased by 68% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 503% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, natural bitumen and asphalt imports dropped sharply to $X in 2021. In general, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2019 when imports increased by 265%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Albania (X tons) constituted the largest supplier of natural bitumen and asphalt to the Czech Republic, accounting for a 63% share of total imports. Moreover, natural bitumen and asphalt imports from Albania exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume from Albania stood at +212.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+75.5% per year) and Germany (-23.1% per year).

In value terms, Albania ($X) constituted the largest supplier of natural bitumen and asphalt to the Czech Republic, comprising 68% of total imports. The second position in the ranking was taken by Poland ($X), with a 24% share of total imports. It was followed by Germany, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Albania stood at +147.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+47.0% per year) and Germany (-21.0% per year).

Import Prices by Country

In 2021, the average natural bitumen and asphalt import price amounted to $X per ton, declining by -58% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 93% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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