Eastern Europe: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Eastern Europe

The East European natural bitumen and asphalt market fell modestly to $X in 2021, shrinking by -3.7% against the previous year. Over the period under review, consumption, however, showed a pronounced slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Natural Bitumen and Asphalt in Eastern Europe

In value terms, natural bitumen and asphalt production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Natural Bitumen and Asphalt

Exports in Eastern Europe

In 2021, the amount of natural bitumen and asphalt exported in Eastern Europe soared to X tons, rising by 23% compared with the previous year's figure. Overall, exports, however, saw a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 106%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural bitumen and asphalt exports dropped markedly to $X in 2021. Over the period under review, exports, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 191% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the Czech Republic (X tons) represented the main exporter of natural bitumen and asphalt, comprising 81% of total exports. It was distantly followed by Poland (X tons), comprising an 18% share of total exports.

The Czech Republic was also the fastest-growing in terms of the natural bitumen and asphalt exports, with a CAGR of -1.8% from 2012 to 2021. Poland (-13.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Czech Republic increased by +35 percentage points.

In value terms, Poland ($X) remains the largest natural bitumen and asphalt supplier in Eastern Europe, comprising 85% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland totaled -15.4%.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, falling by -63.4% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when the export price increased by 188% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the Czech Republic amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-2.8%).

Imports of Natural Bitumen and Asphalt

Imports in Eastern Europe

In 2021, overseas purchases of natural bitumen and asphalt increased by 34% to X tons, rising for the fourth consecutive year after five years of decline. In general, imports, however, showed a pronounced descent. The growth pace was the most rapid in 2019 with an increase of 100% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, natural bitumen and asphalt imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a pronounced slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Poland represented the key importer of natural bitumen and asphalt in Eastern Europe, with the volume of imports amounting to X tons, which was approx. 58% of total imports in 2021. It was distantly followed by Romania (X tons), creating a 32% share of total imports. Lithuania (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +33.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Romania ($X) and Lithuania ($X) were the countries with the highest levels of imports in 2021, with a combined 88% share of total imports.

Lithuania, with a CAGR of +116.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2016 when the import price increased by 17% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+97.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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