MERCOSUR: Market for Asphalt or Bitumen Articles 2025

Market Size for Asphalt or Bitumen Articles in MERCOSUR

The MERCOSUR asphalt or bitumen article market reduced to $X in 2022, with a decrease of -2.7% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Asphalt or Bitumen Articles in MERCOSUR

In value terms, asphalt or bitumen article production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Asphalt or Bitumen Articles

Exports in MERCOSUR

Asphalt or bitumen article exports declined to X tons in 2022, waning by -4.8% on 2021 figures. In general, exports saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 20%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, asphalt or bitumen article exports expanded remarkably to $X in 2022. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 13%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) and Venezuela (X tons) represented the key exporters of asphalt or bitumen articles in 2022, recording approx. 45% and 35% of total exports, respectively. It was distantly followed by Brazil (X tons), constituting an 11% share of total exports. The following exporters - Ecuador (X tons) and Colombia (X tons) - each reached an 8.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +24.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Argentina ($X) remains the largest asphalt or bitumen article supplier in MERCOSUR, comprising 44% of total exports. The second position in the ranking was held by Brazil ($X), with a 21% share of total exports. It was followed by Venezuela, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina stood at -10.2%. In the other countries, the average annual rates were as follows: Brazil (-4.2% per year) and Venezuela (-7.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, the export price, however, recorded a noticeable contraction. The level of export peaked at $X per ton in 2013; however, from 2014 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 Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+3.7%), while the other leaders experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports in MERCOSUR

In 2022, the amount of asphalt or bitumen articles imported in MERCOSUR declined remarkably to X tons, with a decrease of -20.9% on 2021. In general, imports showed a mild decline. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, asphalt or bitumen article imports dropped to $X in 2022. Over the period under review, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 51% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Chile was the key importing country with an import of around X tons, which reached 57% of total imports. It was distantly followed by Uruguay (X tons), Colombia (X tons) and Brazil (X tons), together generating a 32% share of total imports. The following importers - Peru (X tons) and Paraguay (X tons) - each accounted for an 8.5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to asphalt or bitumen article imports into Chile stood at +1.5%. At the same time, Paraguay (+1.6%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +1.6% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Peru (-2.0%), Uruguay (-2.6%) and Brazil (-8.4%) illustrated a downward trend over the same period. Chile (+14 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -10.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported asphalt or bitumen articles in MERCOSUR, comprising 49% of total imports. The second position in the ranking was taken by Colombia ($X), with a 13% share of total imports. It was followed by Uruguay, with a 13% share.

In Chile, asphalt or bitumen article imports expanded at an average annual rate of +1.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (+2.0% per year) and Uruguay (-2.7% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, with an increase of 10% against the previous year. In general, the import price, however, showed a slight reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform