Italy: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Italy

The Italian non-rolled bitumen products market declined remarkably to $X in 2022, falling by -83.2% against the previous year. Overall, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Non-Rolled Bitumen Products Production in Italy

In value terms, non-rolled bitumen products production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,843%. As a result, production reached the peak level of $X, and then contracted sharply in the following year.

Non-Rolled Bitumen Products Exports

Exports from Italy

In 2022, shipments abroad of non-rolled bitumen products increased by 27% to X tons, rising for the third consecutive year after seven years of decline. In general, exports, however, recorded a noticeable curtailment. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons) was the main destination for non-rolled bitumen products exports from Italy, with a 27% share of total exports. Moreover, non-rolled bitumen products exports to Slovenia exceeded the volume sent to the second major destination, Poland (X tons), threefold. Israel (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia stood at +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+12.9% per year) and Israel (+16.4% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for non-rolled bitumen products exports from Italy, comprising 26% of total exports. The second position in the ranking was held by Israel ($X), with a 7.9% share of total exports. It was followed by France, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia stood at +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+21.9% per year) and France (-9.6% per year).

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, with an increase of 4.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 9.6%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 Israel (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Italy

In 2022, purchases abroad of non-rolled bitumen products increased by 9.5% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +8.0% 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 +30.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 116% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products imports skyrocketed to $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 118%. 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 non-rolled bitumen products to Italy, accounting for a 73% share of total imports. Moreover, non-rolled bitumen products imports from France exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), ninefold. Slovakia (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+24.1% per year) and Slovakia (+28.0% per year).

In value terms, France ($X) constituted the largest supplier of non-rolled bitumen products to Italy, comprising 78% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 4.2% share of total imports. It was followed by Lithuania, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+27.9% per year) and Lithuania (+23.8% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, growing by 7.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 18%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :