Italy: Market for Natural Bitumen and Asphalt 2025

Market Size for Natural Bitumen and Asphalt in Italy

The Italian natural bitumen and asphalt market contracted slightly to $X in 2021, waning by -4.7% against the previous year. In general, consumption, however, showed a temperate expansion. As a result, consumption attained the peak level of $X, and then declined slightly in the following year.

Production of Natural Bitumen and Asphalt in Italy

In value terms, natural bitumen and asphalt production totaled $X in 2021 estimated in export price. Overall, production continues to indicate temperate growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 37% against the previous year. Over the period under review, production hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Natural Bitumen and Asphalt

Exports from Italy

In 2021, after two years of decline, there was significant growth in shipments abroad of natural bitumen and asphalt, when their volume increased by 424% to X tons. In general, exports continue to indicate significant growth. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, natural bitumen and asphalt exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant increase. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for natural bitumen and asphalt exports from Italy, accounting for a 74% share of total exports. Moreover, natural bitumen and asphalt exports to Egypt exceeded the volume sent to the second major destination, France (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt amounted to +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+68.9% per year) and Slovenia (-23.1% per year).

In value terms, Egypt ($X) remains the key foreign market for natural bitumen and asphalt exports from Italy, comprising 80% of total exports. The second position in the ranking was taken by France ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt amounted to +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+63.3% per year) and Slovenia (-24.1% per year).

Export Prices by Country

In 2021, the average natural bitumen and asphalt export price amounted to $X per ton, growing by 4.9% against the previous year. Overall, the export price, however, recorded a slight slump. The growth pace was the most rapid in 2020 when the average export price increased by 39%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Natural Bitumen and Asphalt

Imports into Italy

In 2021, natural bitumen and asphalt imports into Italy shrank significantly to X tons, falling by -46.4% compared with 2020. Over the period under review, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 725%. As a result, imports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, natural bitumen and asphalt imports shrank to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 237%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2021, Austria (X tons) constituted the largest supplier of natural bitumen and asphalt to Italy, accounting for a 89% share of total imports. Moreover, natural bitumen and asphalt imports from Austria exceeded the figures recorded by the second-largest supplier, Albania (X tons), tenfold. The third position in this ranking was taken by Germany (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria amounted to +71.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (+13.2% per year) and Germany (+16.3% per year).

In value terms, Austria ($X) constituted the largest supplier of natural bitumen and asphalt to Italy, comprising 73% of total imports. The second position in the ranking was held by Albania ($X), with a 13% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Austria amounted to +65.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (+9.0% per year) and Germany (+14.2% per year).

Import Prices by Country

The average natural bitumen and asphalt import price stood at $X per ton in 2021, rising by 61% against the previous year. Overall, the import price, however, saw a abrupt slump. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 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 Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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