Europe: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Europe

In 2022, the Europe non-rolled bitumen products market increased by 4.9% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Non-Rolled Bitumen Products Production in Europe

In value terms, non-rolled bitumen products production fell dramatically to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +34.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. As a result, production reached the peak level of $X, and then reduced rapidly in the following year.

Non-Rolled Bitumen Products Exports

Exports in Europe

After two years of growth, overseas shipments of non-rolled bitumen products decreased by -17.3% to X tons in 2022. In general, exports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2013 when exports increased by 27%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-rolled bitumen products exports contracted to $X in 2022. Over the period under review, exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X tons) was the major exporter of non-rolled bitumen products, generating 33% of total exports. Slovakia (X tons) ranks second in terms of the total exports with a 16% share, followed by Italy (10%), Poland (9.7%) and Lithuania (9.3%). The following exporters - Finland (X tons), Spain (X tons), Germany (X tons) and France (X tons) - together made up 14% of total exports.

Exports from Russia increased at an average annual rate of +11.4% from 2012 to 2022. At the same time, Spain (+11.5%), Slovakia (+7.9%) and Poland (+1.5%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of +11.5% from 2012-2022. Lithuania experienced a relatively flat trend pattern. By contrast, Italy (-4.9%), Germany (-7.6%), France (-10.8%) and Finland (-12.7%) illustrated a downward trend over the same period. While the share of Russia (+23 p.p.), Slovakia (+9.9 p.p.), Spain (+2.9 p.p.) and Poland (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (-2.8 p.p.), Germany (-3.5 p.p.), Italy (-4.2 p.p.) and Finland (-10 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Slovakia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 46% of total exports. Italy, Germany, Lithuania, Spain, France and Finland lagged somewhat behind, together comprising a further 44%.

Spain, with a CAGR of +9.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, growing by 3.1% against the previous year. In general, the export price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2014 when the export price increased by 13% 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.

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

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

Non-Rolled Bitumen Products Imports

Imports in Europe

In 2022, approx. X tons of non-rolled bitumen products were imported in Europe; reducing by -21.9% against the year before. Over the period under review, imports saw a noticeable setback. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports contracted to $X in 2022. In general, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 8.7% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons), followed by the Czech Republic (X tons), Russia (X tons), Poland (X tons), Belarus (X tons), Romania (X tons), the UK (X tons) and Hungary (X tons) were the key importers of non-rolled bitumen products, together committing 58% of total imports. France (X tons), Bulgaria (X tons), Italy (X tons), Belgium (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main 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 Europe were Germany ($X), the Czech Republic ($X) and Russia ($X), together comprising 28% of total imports. France, the UK, Poland, Belarus, Italy, Romania, Hungary, Lithuania, Bulgaria and Belgium lagged somewhat behind, together accounting for a further 40%.

Lithuania, with a CAGR of +9.2%, recorded the highest growth rate of the value of imports, among 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

The import price in Europe stood at $X per ton in 2022, picking up by 13% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform