Kazakhstan: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Kazakhstan

In 2021, the Kazakh natural bitumen and asphalt market decreased by -0.9% to $X, falling for the fourth consecutive year after four years of growth. Over the period under review, consumption, however, continues to indicate resilient growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Natural Bitumen and Asphalt in Kazakhstan

In value terms, natural bitumen and asphalt production fell modestly to $X in 2021 estimated in export price. Overall, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 73% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Natural Bitumen and Asphalt

Exports from Kazakhstan

In 2021, overseas shipments of natural bitumen and asphalt decreased by -41% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2016 with an increase of 638%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, natural bitumen and asphalt exports contracted markedly to $X in 2021. Over the period under review, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2016 when exports increased by 262%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X tons) was the main destination for natural bitumen and asphalt exports from Kazakhstan, with a approx. 135% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Kyrgyzstan stood at +3.4%.

In value terms, Kyrgyzstan ($X) also remains the key foreign market for natural bitumen and asphalt exports from Kazakhstan.

From 2012 to 2021, the average annual growth rate of value to Kyrgyzstan totaled +12.5%.

Export Prices by Country

In 2021, the average natural bitumen and asphalt export price amounted to $X per ton, declining by -2% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, natural bitumen and asphalt export price decreased by -5.9% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 151% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kyrgyzstan.

From 2012 to 2021, the rate of growth in terms of prices for Kyrgyzstan amounted to +8.9% per year.

Imports of Natural Bitumen and Asphalt

Imports into Kazakhstan

In 2021, purchases abroad of natural bitumen and asphalt was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, showed a deep downturn. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, natural bitumen and asphalt imports soared to $X in 2021. In general, imports, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2015 with an increase of 147% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest natural bitumen and asphalt supplier to Kazakhstan, with a 55% share of total imports. It was followed by Russia (X kg), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-34.1% per year) and China (-32.3% per year).

In value terms, the United States ($X) constituted the largest supplier of natural bitumen and asphalt to Kazakhstan, comprising 98% of total imports. The second position in the ranking was held by China ($X), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-46.2% per year) and Russia (-46.1% per year).

Import Prices by Country

In 2021, the average natural bitumen and asphalt import price amounted to $X per ton, reducing by -39.5% against the previous year. Overall, the import price showed a drastic downturn. The pace of growth appeared the most rapid in 2019 an increase of 4.2%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-16.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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