MENA: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in MENA

In 2021, the MENA's rolled bitumen articles market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Rolled Bitumen Articles Production in MENA

In value terms, rolled bitumen articles production soared to $X in 2021 estimated in export price. Overall, production continues to indicate slight growth. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Rolled Bitumen Articles Exports

Exports in MENA

In 2021, shipments abroad of articles of bitumen in rolls decreased by -12.5% to X square meters, falling for the third consecutive year after three years of growth. Overall, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2016 with an increase of 10% against the previous year. The volume of export peaked at X square meters in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, rolled bitumen articles exports expanded modestly to $X in 2021. Over the period under review, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2020 with an increase of 4.8%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia represented the major exporter of articles of bitumen in rolls in MENA, with the volume of exports accounting for X square meters, which was near 45% of total exports in 2021. Turkey (X square meters) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (19%) and the United Arab Emirates (11%). Bahrain (X square meters) held a little share of total exports.

Exports from Saudi Arabia decreased at an average annual rate of -5.5% from 2012 to 2021. At the same time, Turkey (+9.1%) and the United Arab Emirates (+8.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +9.1% from 2012-2021. By contrast, Egypt (-2.5%) and Bahrain (-15.3%) illustrated a downward trend over the same period. Turkey (+12 p.p.) and the United Arab Emirates (+6.5 p.p.) significantly strengthened its position in terms of the total exports, while Bahrain and Saudi Arabia saw its share reduced by -4.6% and -16% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Egypt ($X) constituted the countries with the highest levels of exports in 2021, with a combined 84% share of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +14.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per square meter, jumping by 19% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per square meter in 2015; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.5%), while the other leaders experienced a decline in the export price figures.

Rolled Bitumen Articles Imports

Imports in MENA

In 2021, supplies from abroad of articles of bitumen in rolls decreased by -12.1% to X square meters, falling for the fifth consecutive year after two years of growth. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 18%. As a result, imports reached the peak of X square meters. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, rolled bitumen articles imports fell to $X in 2021. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 12%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the seven major importers of articles of bitumen in rolls, namely Israel, the United Arab Emirates, Oman, Kuwait, Morocco, Qatar and Turkey, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of +16.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Israel ($X), the United Arab Emirates ($X) and Morocco ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 48% of total imports. These countries were followed by Oman, Kuwait, Turkey and Qatar, which together accounted for a further 35%.

In terms of the main importing countries, Turkey, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MENA stood at $X per square meter in 2021, growing by 13% against the previous year. In general, the import price, however, showed a mild setback. Over the period under review, import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Turkey ($X per square meter) and Morocco ($X per square meter), while Oman ($X per square meter) and the United Arab Emirates ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform