GCC: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in GCC

The GCC rolled bitumen articles market dropped to $X in 2021, with a decrease of -12.1% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Rolled Bitumen Articles Production in GCC

In value terms, rolled bitumen articles production dropped notably to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 56%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Rolled Bitumen Articles Exports

Exports in GCC

In 2021, overseas shipments of articles of bitumen in rolls decreased by -19.4% to X square meters, falling for the fifth year in a row after two years of growth. Over the period under review, exports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2016 with an increase of 18% against the previous year. As a result, the exports attained the peak of X square meters. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, rolled bitumen articles exports shrank slightly to $X in 2021. Overall, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 9.8% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia was the main exporter of articles of bitumen in rolls in GCC, with the volume of exports finishing at X square meters, which was approx. 78% of total exports in 2021. It was distantly followed by the United Arab Emirates (X square meters), constituting an 18% share of total exports. Bahrain (X square meters) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to rolled bitumen articles exports from Saudi Arabia stood at -5.5%. At the same time, the United Arab Emirates (+8.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in GCC, with a CAGR of +8.6% from 2012-2021. By contrast, Bahrain (-15.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bahrain (-5.9 p.p.) and Saudi Arabia (-7.1 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Bahrain ($X) were the countries with the highest levels of exports in 2021, together accounting for 100% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +14.5%, saw 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

In 2021, the export price in GCC amounted to $X per square meter, rising by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The level of export peaked at $X per square meter in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.5%), while the other leaders experienced a decline in the export price figures.

Rolled Bitumen Articles Imports

Imports in GCC

In 2021, purchases abroad of articles of bitumen in rolls decreased by -22.4% to X square meters, falling for the fifth year in a row after five years of growth. Overall, imports saw a noticeable downturn. The growth pace was the most rapid in 2016 with an increase of 21% against the previous year. As a result, imports attained the peak of X square meters. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, rolled bitumen articles imports contracted to $X in 2021. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 13% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of rolled bitumen articles imports in 2021 were the United Arab Emirates (X square meters), Oman (X square meters), Kuwait (X square meters) and Qatar (X square meters), together resulting at 92% of total import. It was distantly followed by Bahrain (X square meters), creating a 6% share of total imports. Saudi Arabia (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Saudi Arabia (with a CAGR of +11.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X), Oman ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2021, with a combined 75% share of total imports. These countries were followed by Qatar, Bahrain and Saudi Arabia, which together accounted for a further 25%.

Among the main importing countries, Saudi Arabia, with a CAGR of +12.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per square meter in 2021, growing by 11% against the previous year. Overall, the import price, however, showed a mild reduction. Over the period under review, import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per square meter), while Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform