EU: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in the EU

The EU bituminous mixtures market soared to $X in 2021, increasing by 17% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bituminous Mixtures Production in the EU

In value terms, bituminous mixtures production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Bituminous Mixtures Exports

Exports in the EU

In 2021, exports of bituminous mixtures in the European Union soared to X tons, jumping by 31% against 2020 figures. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, bituminous mixtures exports surged to $X in 2021. Total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Spain (X tons), Germany (X tons) and Belgium (X tons), together reaching 67% of total export. The Netherlands (X tons) held the next position in the ranking, followed by Croatia (X tons) and Austria (X tons). All these countries together took near 20% share of total exports. Poland (X tons) and Italy (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +60.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bituminous mixtures supplying countries in the European Union were Spain ($X), Germany ($X) and the Netherlands ($X), together accounting for 57% of total exports. Belgium, Austria, Poland, Italy and Croatia lagged somewhat behind, together accounting for a further 28%.

Among the main exporting countries, Croatia, with a CAGR of +23.4%, recorded 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 the European Union stood at $X per ton in 2021, flattening at the previous year. Overall, the export price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Croatia ($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 (+5.4%), while the other leaders experienced mixed trends in the export price figures.

Bituminous Mixtures Imports

Imports in the EU

In 2021, approx. X tons of bituminous mixtures were imported in the European Union; jumping by 16% against the previous year. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 31%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, bituminous mixtures imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

France (X tons) and Austria (X tons) represented roughly 40% of total imports in 2021. The Netherlands (X tons) held the next position in the ranking, followed by Slovenia (X tons), Portugal (X tons), Belgium (X tons) and Latvia (X tons). All these countries together took approx. 34% share of total imports. The following importers - Estonia (X tons), Ireland (X tons), the Czech Republic (X tons), Poland (X tons), Germany (X tons) and Slovakia (X tons) - together made up 17% of total imports.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +55.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported bituminous mixtures in the European Union, comprising 19% of total imports. The second position in the ranking was taken by France ($X), with a 9.2% share of total imports. It was followed by Austria, with a 7.8% share.

In the Netherlands, bituminous mixtures imports plunged by an average annual rate of -5.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: France (-3.1% per year) and Austria (+4.5% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 4.9% against the previous year. In general, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, import prices attained 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, the country with the highest price was Poland ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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