MENA: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in MENA

After two years of decline, the MENA's non-rolled bitumen products market increased by 5.3% to $X in 2022. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -30.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Non-Rolled Bitumen Products Production in MENA

In value terms, non-rolled bitumen products production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded notable growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 44% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Non-Rolled Bitumen Products Exports

Exports in MENA

In 2022, exports of non-rolled bitumen products in MENA stood at X tons, with an increase of 8.9% compared with the previous year. In general, exports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2013 with an increase of 130% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 when exports increased by 65% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly 90% of total exports in 2022. It was distantly followed by Egypt (X tons), committing a 5.4% share of total exports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Oman (with a CAGR of +27.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest non-rolled bitumen products supplier in MENA, comprising 53% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 23% share of total exports. It was followed by Saudi Arabia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled -4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+2.7% per year) and Saudi Arabia (-8.2% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with an increase of 7.1% against the previous year. Overall, the export price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 18%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Oman ($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 (+2.1%), while the other leaders experienced a decline in the export price figures.

Non-Rolled Bitumen Products Imports

Imports in MENA

In 2022, supplies from abroad of non-rolled bitumen products decreased by -18.1% to X tons, falling for the fourth year in a row after two years of growth. In general, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 78% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports shrank to $X in 2022. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 44% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the key importer of non-rolled bitumen products, achieving 46% of total imports. It was distantly followed by Yemen (X tons), Turkey (X tons), Qatar (X tons) and Oman (X tons), together achieving a 46% share of total imports. The following importers - Iraq (X tons) and Kuwait (X tons) - each resulted at a 4.4% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +7.2% from 2012 to 2022. At the same time, Yemen (+20.6%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in MENA, with a CAGR of +20.6% from 2012-2022. By contrast, Oman (-4.4%), Iraq (-4.7%), Kuwait (-5.5%), Turkey (-9.2%) and Qatar (-17.1%) illustrated a downward trend over the same period. The United Arab Emirates (+32 p.p.) and Yemen (+21 p.p.) significantly strengthened its position in terms of the total imports, while Turkey and Qatar saw its share reduced by -7.5% and -19% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-rolled bitumen products in MENA, comprising 44% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports. It was followed by Yemen, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Turkey (-8.4% per year) and Yemen (+19.6% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, picking up by 16% against the previous year. Overall, the import price, however, saw a perceptible downturn. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform