EU: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in the EU

In 2022, the EU non-rolled bitumen products market increased by 1.5% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, showed prominent growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Production in the EU

In value terms, non-rolled bitumen products production dropped markedly to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +37.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 70%. As a result, production attained the peak level of $X, and then declined dramatically in the following year.

Non-Rolled Bitumen Products Exports

Exports in the EU

In 2022, shipments abroad of non-rolled bitumen products decreased by -23.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports dropped remarkably to $X in 2022. Overall, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Slovakia (X tons), distantly followed by Italy (X tons), Poland (X tons), Lithuania (X tons), Finland (X tons), Spain (X tons) and Germany (X tons) represented the key exporters of non-rolled bitumen products, together mixing up 90% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 50% of total exports. Germany, Lithuania, Spain and Finland lagged somewhat behind, together comprising a further 34%.

Among the main exporting countries, Spain, with a CAGR of +9.9%, saw the highest growth rate of 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 2022, increasing by 8.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the other leaders experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports in the EU

In 2022, the amount of non-rolled bitumen products imported in the European Union contracted notably to X tons, which is down by -17.6% against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 15%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-rolled bitumen products imports fell to $X in 2022. In general, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 13%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons), followed by the Czech Republic (X tons), Poland (X tons), Romania (X tons), Hungary (X tons) and France (X tons) were the major importers of non-rolled bitumen products, together generating 60% of total imports. The following importers - Bulgaria (X tons), Italy (X tons), Belgium (X tons), Lithuania (X tons), Sweden (X tons), the Netherlands (X tons) and Austria (X tons) - together made up 26% of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +9.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, together comprising 38% of total imports. Poland, the Netherlands, Italy, Romania, Hungary, Sweden, Lithuania, Austria, Bulgaria and Belgium lagged somewhat behind, together accounting for a further 45%.

Among the main importing countries, Lithuania, with a CAGR of +9.2%, recorded the highest growth rate of 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 import price in the European Union amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($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 Netherlands (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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