Middle East: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in the Middle East

In 2021, the Middle Eastern rolled bitumen articles market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Rolled Bitumen Articles Production in the Middle East

In value terms, rolled bitumen articles production surged to $X in 2021 estimated in export price. In general, production enjoyed mild growth. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Rolled Bitumen Articles Exports

Exports in the Middle East

In 2021, shipments abroad of articles of bitumen in rolls decreased by -18.3% to X square meters, falling for the fifth year in a row after two years of growth. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 when exports increased by 16% against the previous year. As a result, the exports reached the peak of X square meters. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, rolled bitumen articles exports reduced modestly to $X in 2021. Overall, exports showed a pronounced slump. The growth pace was the most rapid in 2013 with an increase of 8.9%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia was the largest exporting country with an export of about X square meters, which reached 57% of total exports. Turkey (X square meters) held the second position in the ranking, distantly followed by the United Arab Emirates (X square meters). All these countries together took approx. 38% share of total exports. The following exporters - Bahrain (X square meters) and Iran (X square meters) - each accounted for a 3.9% 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%), the United Arab Emirates (+8.6%) and Iran (+8.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +9.1% from 2012-2021. By contrast, Bahrain (-15.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and the United Arab Emirates increased by +16 and +8.2 percentage points, 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 Turkey ($X) were the countries with the highest levels of exports in 2021, with a combined 96% share of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +14.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per square meter, increasing by 19% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per square meter in 2014; however, from 2015 to 2021, 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 ($X per square meter), while Iran ($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 mixed trends in the export price figures.

Rolled Bitumen Articles Imports

Imports in the Middle East

In 2021, overseas purchases of articles of bitumen in rolls decreased by -18.7% to X square meters, falling for the fifth year in a row after two years of growth. In general, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 when imports increased by 20%. As a result, imports attained 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 shrank to $X in 2021. Overall, imports saw a noticeable descent. The pace of growth was the most pronounced in 2016 when imports increased by 12%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of rolled bitumen articles imports in 2021 were Israel (X square meters), the United Arab Emirates (X square meters), Oman (X square meters), Kuwait (X square meters), Qatar (X square meters) and Turkey (X square meters), together finishing at 87% of total import. The following importers - Bahrain (X square meters) and Yemen (X square meters) - together made up 6% of total imports.

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

In value terms, Israel ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2021, with a combined 57% share of total imports. Kuwait, Turkey, Qatar, Bahrain and Yemen lagged somewhat behind, together comprising a further 35%.

Among 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 more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per square meter in 2021, picking up by 13% against the previous year. Overall, the import price, however, showed a mild descent. Over the period under review, import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, 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 Turkey ($X per square meter), while Yemen ($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 Kuwait (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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