Report Update Nov 1, 2024

Finland - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Finland

The Finnish natural bitumen and asphalt market rose to $X in 2021, picking up by 4.2% against the previous year. Overall, consumption recorded a temperate increase. Natural bitumen and asphalt consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Natural Bitumen and Asphalt in Finland

In value terms, natural bitumen and asphalt production totaled $X in 2021 estimated in export price. Overall, production, however, saw a notable expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 102%. Natural bitumen and asphalt production peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Natural Bitumen and Asphalt

Exports from Finland

In 2021, the amount of natural bitumen and asphalt exported from Finland surged to X tons, picking up by 244% on 2020 figures. Overall, exports, however, continue to indicate a sharp setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, natural bitumen and asphalt exports soared to $X in 2021. Over the period under review, exports, however, faced a precipitous contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for natural bitumen and asphalt exports from Finland, with a 100% share of total exports. It was followed by the United Arab Emirates (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Norway stood at -30.6%.

In value terms, Norway ($X) remains the key foreign market for natural bitumen and asphalt exports from Finland, comprising 100% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway totaled -23.5%.

Export Prices by Country

The average natural bitumen and asphalt export price stood at $X per ton in 2021, picking up by 8.4% against the previous year. Overall, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 171% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Bitumen and Asphalt

Imports into Finland

In 2021, imports of natural bitumen and asphalt into Finland skyrocketed to X tons, picking up by 57% on the previous year's figure. Overall, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 416%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, natural bitumen and asphalt imports soared to $X in 2021. Over the period under review, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 208% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Estonia (X tons), Sweden (X tons) and the United States (X tons) were the main suppliers of natural bitumen and asphalt imports to Finland, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +46.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural bitumen and asphalt suppliers to Finland were Sweden ($X), the United States ($X) and Estonia ($X), together accounting for 83% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +35.2%, saw 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 2021, the average natural bitumen and asphalt import price amounted to $X per ton, reducing by -13.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 56%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Estonia ($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 (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural bitumen and natural asphalt in the world?

The country with the largest volume of bitumen and asphalt consumption was China, comprising approx. 24% of total volume. Moreover, bitumen and asphalt consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Pakistan, with a 4.7% share.

What are the largest producers of natural bitumen and natural asphalt in the world?

China remains the largest bitumen and asphalt producing country worldwide, comprising approx. 24% of total volume. Moreover, bitumen and asphalt production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Pakistan, with a 4.7% share.

What are the leading suppliers of natural bitumen and natural asphalt to Finland?

In value terms, the largest bitumen and asphalt suppliers to Finland were Sweden, the UK and the Netherlands, together accounting for 97% of total imports.

What are the leading importers of natural bitumen and natural asphalt from Finland?

In value terms, Norway remains the key foreign market for bitumen and asphalt exports from Finland.

What is the average export price for natural bitumen and natural asphalt in Finland?

In 2020, the average bitumen and asphalt export price amounted to $1,990 per ton, picking up by 55% against the previous year.

What is the average import price for natural bitumen and natural asphalt in Finland?

The average bitumen and asphalt import price stood at $1,226 per ton in 2020, reducing by -14.8% against the previous year.

This report provides an in-depth analysis of the market for natural bitumen and asphalt in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023