Eastern Europe: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Eastern Europe

The East European non-rolled bitumen products market rose slightly to $X in 2022, increasing by 1.6% against the previous year. Over the period under review, consumption showed a mild decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Rolled Bitumen Products Production in Eastern Europe

In value terms, non-rolled bitumen products production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Non-Rolled Bitumen Products Exports

Exports in Eastern Europe

After two years of growth, overseas shipments of non-rolled bitumen products decreased by -13.6% to X tons in 2022. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 72%. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, non-rolled bitumen products exports contracted to $X in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 65%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Russia (X tons) represented the main exporter of non-rolled bitumen products, generating 47% of total exports. Slovakia (X tons) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by Poland (14%) and Lithuania (13%). The Czech Republic (X tons) took a relatively small share of total exports.

Russia was also the fastest-growing in terms of the non-rolled bitumen products exports, with a CAGR of +11.4% from 2012 to 2022. At the same time, Slovakia (+7.9%) and Poland (+1.5%) displayed positive paces of growth. Lithuania and the Czech Republic experienced a relatively flat trend pattern. From 2012 to 2022, the share of Russia and Slovakia increased by +18 and +3.5 percentage points, respectively.

In value terms, Russia ($X), Poland ($X) and Slovakia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 84% of total exports.

Among the main exporting countries, Slovakia, with a CAGR of +7.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, surging by 4.1% against the previous year. Over the period under review, the export price, however, showed a perceptible curtailment. The growth pace was the most rapid in 2021 an increase of 10% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.8%), while the other leaders experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports in Eastern Europe

In 2022, supplies from abroad of non-rolled bitumen products decreased by -24.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 8.6% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products imports dropped to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Czech Republic (X tons), Russia (X tons), Poland (X tons), Belarus (X tons), Romania (X tons) and Hungary (X tons) represented the largest importer of non-rolled bitumen products in Eastern Europe, generating 76% of total import. Bulgaria (X tons) held a 5.9% share (based on physical terms) of total imports, which put it in second place, followed by Lithuania (5%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lithuania (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-rolled bitumen products importing markets in Eastern Europe were the Czech Republic ($X), Russia ($X) and Poland ($X), together comprising 47% of total imports. Belarus, Romania, Hungary, Lithuania and Bulgaria lagged somewhat behind, together accounting for a further 37%.

Lithuania, with a CAGR of +9.2%, recorded the highest growth rate of 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 2022, the import price in Eastern Europe amounted to $X per ton, surging by 17% against the previous year. Overall, the import price, however, recorded a mild reduction. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Lithuania ($X per ton), while Romania ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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