Middle East: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in the Middle East

In 2021, after five years of growth, there was decline in the Middle Eastern bituminous mixtures market, when its value decreased by less than 0.1% to $X. The total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.9% against 2015 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped slightly in the following year.

Bituminous Mixtures Production in the Middle East

In value terms, bituminous mixtures production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 26% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Bituminous Mixtures Exports

Exports in the Middle East

For the fifth consecutive year, the Middle East recorded growth in shipments abroad of bituminous mixtures, which increased by 81% to X tons in 2021. Overall, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bituminous mixtures exports soared to $X in 2021. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq represented the major exporting country with an export of about X tons, which amounted to 48% of total exports. The United Arab Emirates (X tons) held a 30% share (based on physical terms) of total exports, which put it in second place, followed by Iran (13%) and Oman (5.3%). Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +81.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bituminous mixtures supplying countries in the Middle East were Iraq ($X), the United Arab Emirates ($X) and Iran ($X), with a combined 88% share of total exports.

In terms of the main exporting countries, Iraq, with a CAGR of +68.3%, saw 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 ton, reducing by -6.4% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when the export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Bahrain ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+2.6%), while the other leaders experienced a decline in the export price figures.

Bituminous Mixtures Imports

Imports in the Middle East

In 2021, supplies from abroad of bituminous mixtures increased by 20% to X tons, rising for the third consecutive year after six years of decline. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 236% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, bituminous mixtures imports dropped slightly to $X in 2021. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 273%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

The United Arab Emirates was the key importer of bituminous mixtures in the Middle East, with the volume of imports amounting to X tons, which was near 80% of total imports in 2021. It was distantly followed by Lebanon (X tons), creating a 10% share of total imports. The following importers - Qatar (X tons), Oman (X tons) and Israel (X tons) - together made up 7.7% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the bituminous mixtures imports, with a CAGR of +66.0% from 2012 to 2021. At the same time, Israel (+11.6%), Qatar (+7.2%) and Oman (+3.2%) displayed positive paces of growth. By contrast, Lebanon (-10.2%) illustrated a downward trend over the same period. The United Arab Emirates (+77 p.p.) significantly strengthened its position in terms of the total imports, while Qatar, Oman and Lebanon saw its share reduced by -1.9%, -3.1% and -69% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported bituminous mixtures in the Middle East, comprising 76% of total imports. The second position in the ranking was taken by Lebanon ($X), with a 9% share of total imports. It was followed by Qatar, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +47.2%. The remaining importing countries recorded the following average annual rates of imports growth: Lebanon (-14.3% per year) and Qatar (-3.8% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, shrinking by -18.1% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the import price increased by 11% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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