Egypt: Petroleum Bitumen Market 2025

Petroleum Bitumen Market Size in Egypt

The Egyptian petroleum bitumen market fell slightly to $X in 2022, waning by -3.9% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Petroleum bitumen consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Petroleum Bitumen Production in Egypt

In value terms, petroleum bitumen production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 27%. Petroleum bitumen production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Petroleum Bitumen Exports

Exports from Egypt

In 2022, approx. X tons of petroleum bitumen were exported from Egypt; with a decrease of -5% against the previous year. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 374% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, petroleum bitumen exports contracted to $X in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 340%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons), Congo (X tons) and Malaysia (X tons) were the main destinations of petroleum bitumen exports from Egypt.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +9.6%), while the other leaders experienced mixed trend patterns.

In value terms, Tanzania ($X), Congo ($X) and India ($X) constituted the largest markets for petroleum bitumen exported from Egypt worldwide.

Tanzania, with a CAGR of +6.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average petroleum bitumen export price stood at $X per ton in 2021, rising by 5.5% against the previous year. Overall, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($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 Taiwan (Chinese) (+31.5%), while the prices for the other major destinations experienced mixed trend patterns.

Petroleum Bitumen Imports

Imports into Egypt

Petroleum bitumen imports into Egypt contracted to X tons in 2022, dropping by -8.7% on the previous year's figure. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 98%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, petroleum bitumen imports dropped notably to $X in 2022. Overall, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 156% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of petroleum bitumen to Egypt, accounting for a 67% share of total imports. Moreover, petroleum bitumen imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Greece (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +131.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+113.3% per year) and Greece (+51.8% per year).

In value terms, Italy ($X) constituted the largest supplier of petroleum bitumen to Egypt, comprising 50% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Spain, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +139.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+50.0% per year) and Spain (+88.9% per year).

Import Prices by Country

In 2021, the average petroleum bitumen import price amounted to $X per ton, rising by 50% against the previous year. In general, the import price, however, recorded a abrupt contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform