Italy: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Italy

In 2022, the Italian asphalt or bitumen article market decreased by -13.5% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.6% against 2016 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Asphalt or Bitumen Articles in Italy

In value terms, asphalt or bitumen article production declined dramatically to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 153% against the previous year. As a result, production attained the peak level of $X, and then fell dramatically in the following year.

Exports of Asphalt or Bitumen Articles

Exports from Italy

In 2022, shipments abroad of asphalt or bitumen articles increased by 4.2% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 7.2%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, asphalt or bitumen article exports surged to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), the UK (X tons) and Israel (X tons) were the main destinations of asphalt or bitumen article exports from Italy, with a combined 30% share of total exports. South Africa, Hungary, Slovenia, Germany, Albania, Sweden, Belgium, Ireland, Bulgaria and Cyprus lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +7.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and Israel ($X) constituted the largest markets for asphalt or bitumen article exported from Italy worldwide, together comprising 34% of total exports. Germany, South Africa, Hungary, Belgium, Slovenia, Ireland, Sweden, Bulgaria, Cyprus and Albania lagged somewhat behind, together accounting for a further 30%.

Slovenia, with a CAGR of +8.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average asphalt or bitumen article export price stood at $X per ton in 2022, with an increase of 14% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into Italy

In 2022, supplies from abroad of asphalt or bitumen articles increased by 0.6% to X tons, rising for the second year in a row after six years of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, asphalt or bitumen article imports expanded notably to $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 47% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of asphalt or bitumen article to Italy, with a 44% share of total imports. Moreover, asphalt or bitumen article imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.4% per year) and Austria (-5.7% per year).

In value terms, France ($X) constituted the largest supplier of asphalt or bitumen articles to Italy, comprising 41% of total imports. The second position in the ranking was held by Austria ($X), with a 15% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-0.7% per year) and Belgium (-3.7% per year).

Import Prices by Country

In 2022, the average asphalt or bitumen article import price amounted to $X per ton, surging by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2013 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Serbia ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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