Ethiopia: Market for Asphalt or Bitumen Articles 2025

Market Size for Asphalt or Bitumen Articles in Ethiopia

The Ethiopian asphalt or bitumen article market dropped notably to $X in 2022, which is down by -22.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed modest growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Exports of Asphalt or Bitumen Articles

Exports from Ethiopia

In 2021, exports of asphalt or bitumen articles from Ethiopia amounted to X kg, leveling off at the previous year's figure. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 487%. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, asphalt or bitumen article exports amounted to $X in 2021. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 402%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Kuwait (X kg) was the main destination for asphalt or bitumen article exports from Ethiopia, accounting for a approx. 100% share of total exports.

From 2014 to 2021, the average annual growth rate of volume to Kuwait was relatively modest.

From 2014 to 2021, the average annual rate of growth in terms of value to Kuwait was relatively modest.

Export Prices by Country

In 2021, the average asphalt or bitumen article export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 a decrease of -1.6%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2014 to 2021, the rate of growth in terms of prices for Turkey amounted to -12.9% per year.

Imports of Asphalt or Bitumen Articles

Imports into Ethiopia

In 2022, approx. X tons of asphalt or bitumen articles were imported into Ethiopia; with a decrease of -23.5% on the previous year. In general, imports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of 168%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, asphalt or bitumen article imports shrank notably to $X in 2022. Overall, imports, however, saw a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of asphalt or bitumen article to Ethiopia, with a 52% share of total imports. Moreover, asphalt or bitumen article imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Egypt (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.6% per year) and Egypt (-9.7% per year).

In value terms, Saudi Arabia ($X), China ($X) and Italy ($X) appeared to be the largest asphalt or bitumen article suppliers to Ethiopia, together accounting for 75% of total imports. The United Arab Emirates, Egypt, Turkey and Bahrain lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +19.0%, recorded 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, increasing by 2.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Turkey ($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 (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform