MENA: Market for Asphalt or Bitumen Articles 2025

Market Size for Asphalt or Bitumen Articles in MENA

The MENA's asphalt or bitumen article market was estimated at $X in 2022, flattening at the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Asphalt or Bitumen Articles in MENA

In value terms, asphalt or bitumen article production totaled $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Asphalt or Bitumen Articles

Exports in MENA

In 2022, after four years of decline, there was significant growth in shipments abroad of asphalt or bitumen articles, when their volume increased by 13% to X tons. In general, exports, however, continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, asphalt or bitumen article exports expanded sharply to $X in 2022. Overall, exports, however, recorded a slight downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) and Turkey (X tons) represented the largest exporters of asphalt or bitumen articles in 2022, finishing at approx. 41% and 28% of total exports, respectively. Egypt (X tons) held the next position in the ranking, followed by the United Arab Emirates (X tons). All these countries together held near 24% share of total exports. The following exporters - Iran (X tons) and Bahrain (X tons) - each amounted to a 3.5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +10.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest asphalt or bitumen article supplying countries in MENA were Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for 78% of total exports. Egypt, Bahrain and Iran lagged somewhat behind, together accounting for a further 19%.

Iran, with a CAGR of +7.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, remaining constant against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 22% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Asphalt or Bitumen Articles

Imports in MENA

In 2022, supplies from abroad of asphalt or bitumen articles decreased by -4.3% to X tons, falling for the fifth year in a row after three years of growth. In general, imports recorded a noticeable decline. The growth pace was the most rapid in 2017 with an increase of 13% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, asphalt or bitumen article imports stood at $X in 2022. Overall, imports saw a perceptible contraction. The pace of growth was the most pronounced in 2016 when imports increased by 6.2% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of around X tons, which accounted for 30% of total imports. It was distantly followed by Israel (X tons), Oman (X tons), Turkey (X tons), Kuwait (X tons), Yemen (X tons), Qatar (X tons) and Morocco (X tons), together mixing up a 59% share of total imports. Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to asphalt or bitumen article imports into the United Arab Emirates stood at +3.2%. At the same time, Yemen (+9.1%) and Israel (+4.1%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in MENA, with a CAGR of +9.1% from 2012-2022. By contrast, Turkey (-1.4%), Iraq (-2.1%), Oman (-2.5%), Kuwait (-3.0%), Morocco (-8.6%) and Qatar (-14.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Israel and Yemen increased by +13, +7.1 and +4.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest asphalt or bitumen article importing markets in MENA were the United Arab Emirates ($X), Israel ($X) and Oman ($X), together accounting for 53% of total imports. Turkey, Kuwait, Morocco, Qatar, Yemen and Iraq lagged somewhat behind, together accounting for a further 38%.

Among the main importing countries, Yemen, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, with an increase of 5.2% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2021 when the import price increased by 8.2% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform