Report Update Feb 1, 2025

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

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Greece: Market for Natural Bitumen and Asphalt 2025

Market Size for Natural Bitumen and Asphalt in Greece

In 2021, the Greek natural bitumen and asphalt market decreased by 99.9% to less than $X, falling for the second consecutive year after three years of growth. In general, consumption saw a precipitous curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Natural Bitumen and Asphalt

Exports from Greece

In 2021, approx. less than X kg of natural bitumen and asphalt were exported from Greece; stabilizing at 2020 figures. In general, exports showed a relatively flat trend pattern.

In value terms, natural bitumen and asphalt exports totaled less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Imports of Natural Bitumen and Asphalt

Imports into Greece

In 2020, overseas purchases of natural bitumen and asphalt decreased by -98.8% to X tons for the first time since 2016, thus ending a three-year rising trend. In general, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 440% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, natural bitumen and asphalt imports plummeted to $X in 2020. Over the period under review, imports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2014 when imports increased by 278% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Poland (X tons) constituted the largest natural bitumen and asphalt supplier to Greece, with a 90% share of total imports. Moreover, natural bitumen and asphalt imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X kg), ninefold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Poland amounted to -12.2%.

In value terms, Poland ($X) constituted the largest supplier of natural bitumen and asphalt to Greece, comprising 90% of total imports. The second position in the ranking was held by Italy ($X), with a 9.6% share of total imports.

From 2012 to 2020, the average annual growth rate of value from Poland totaled -7.6%.

Import Prices by Country

The average natural bitumen and asphalt import price stood at $X per ton in 2020, picking up by 23% against the previous year. Overall, the import price posted resilient growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 136% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Italy stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+31.9%), 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?

China constituted the country with the largest volume of bitumen and asphalt consumption, accounting for 24% of total volume. Moreover, bitumen and asphalt consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Pakistan ranked third in terms of total consumption with a 4.7% share.

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

The country with the largest volume of bitumen and asphalt production was China, 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 Greece?

In value terms, Poland constituted the largest supplier of bitumen and asphalt to Greece, comprising 90% of total imports. The second position in the ranking was occupied by Italy, with a 9.6% share of total imports.

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

In value terms, Israel emerged as the key foreign market for bitumen and asphalt exports from Greece, comprising 74% of total exports. The second position in the ranking was occupied by Romania, with an 18% share of total exports.

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

The average bitumen and asphalt export price stood at $546 per ton in 2020, growing by 33% against the previous year.

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

In 2020, the average bitumen and asphalt import price amounted to $2,209 per ton, with an increase of 172% against the previous year.

This report provides an in-depth analysis of the market for natural bitumen and asphalt in Greece. 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:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024