Europe: Asphalted Paper Market 2024

Asphalted Paper Market Size in Europe

In 2022, the Europe asphalted paper market decreased by -13.3% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Asphalted Paper Production in Europe

In value terms, asphalted paper production amounted to $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Asphalted Paper Exports

Exports in Europe

Asphalted paper exports reduced slightly to X tons in 2022, with a decrease of -4% compared with the previous year. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 5.9% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, asphalted paper exports amounted to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic was the largest exporting country with an export of around X tons, which amounted to 56% of total exports. Italy (X tons) held the second position in the ranking, distantly followed by Russia (X tons). All these countries together held approx. 23% share of total exports. Germany (X tons), Spain (X tons), Belgium (X tons) and Belarus (X tons) followed a long way behind the leaders.

The Czech Republic experienced a relatively flat trend pattern with regard to volume of exports of tarred, bituminised or asphalted paper and paperboard. At the same time, Spain (+39.7%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in Europe, with a CAGR of +39.7% from 2012-2022. By contrast, Belgium (-1.3%), Russia (-3.3%), Belarus (-11.0%), Italy (-13.6%) and Germany (-17.1%) illustrated a downward trend over the same period. While the share of the Czech Republic (+31 p.p.), Spain (+3.4 p.p.) and Russia (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (-7.2 p.p.) and Italy (-15.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest asphalted paper supplying countries in Europe were the Czech Republic ($X), Italy ($X) and Germany ($X), with a combined 60% share of total exports. Spain, Belgium, Russia and Belarus lagged somewhat behind, together comprising a further 14%.

In terms of the main exporting countries, Spain, with a CAGR of +26.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, rising by 6.3% against the previous year. Over the period under review, the export price, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2021 when the export price increased by 25%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Spain ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.4%), while the other leaders experienced more modest paces of growth.

Asphalted Paper Imports

Imports in Europe

In 2022, overseas purchases of tarred, bituminised or asphalted paper and paperboard decreased by -5.8% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2018 when imports increased by 7.1% 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, asphalted paper imports fell rapidly to $X in 2022. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 15%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany prevails in imports structure, finishing at X tons, which was near 56% of total imports in 2022. France (X tons) took a 7.1% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (6.4%) and Denmark (4.7%). Poland (X tons), Sweden (X tons), the Netherlands (X tons), Austria (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

Imports into Germany decreased at an average annual rate of -2.8% from 2012 to 2022. At the same time, Poland (+11.5%) and France (+1.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of +11.5% from 2012-2022. Austria and Denmark experienced a relatively flat trend pattern. By contrast, the Czech Republic (-4.6%), Sweden (-6.9%), Belgium (-8.1%) and the Netherlands (-15.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, France, Poland and Denmark increased by +17, +3.8, +2.7 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), France ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022, together comprising 48% of total imports. Poland, the Netherlands, Sweden, Denmark, Austria and the Czech Republic lagged somewhat behind, together comprising a further 32%.

Poland, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, dropping by -29.9% against the previous year. Over the period under review, the import price saw a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 10%. As a result, import price attained the peak level of $X per ton, and then fell significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform