Middle East: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in the Middle East

After two years of decline, the Middle Eastern non-rolled bitumen products market increased by 6.9% to $X in 2022. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -34.9% 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 the Middle East

In value terms, non-rolled bitumen products production contracted to $X in 2022 estimated in export price. Overall, production showed prominent growth. The growth pace was the most rapid in 2018 with an increase of 43% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Non-Rolled Bitumen Products Exports

Exports in the Middle East

In 2022, the amount of non-rolled bitumen products exported in the Middle East rose notably to X tons, surging by 9.8% compared with 2021. Overall, exports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2013 when exports increased by 130%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 59% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) represented the key exporter of non-rolled bitumen products in the Middle East, creating 95% of total export. Oman (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +27.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest non-rolled bitumen products supplier in the Middle East, comprising 56% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 24% share of total exports. It was followed by Saudi Arabia, with a 17% share.

In Turkey, non-rolled bitumen products exports declined by an average annual rate of -4.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+2.7% per year) and Saudi Arabia (-8.2% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, increasing by 6.9% against the previous year. Over the period under review, the export price, however, showed a mild contraction. The pace of growth was the most pronounced in 2014 an increase of 19% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the Middle East

In 2022, overseas purchases of non-rolled bitumen products decreased by -17.8% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 81%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports fell to $X in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the main importing country with an import of about X tons, which finished at 47% of total imports. Yemen (X tons) took the second position in the ranking, distantly followed by Turkey (X tons), Qatar (X tons) and Oman (X tons). All these countries together took near 46% share of total imports. The following importers - Iraq (X tons) and Kuwait (X tons) - each amounted to 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 the Middle East, 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. While the share of the United Arab Emirates (+32 p.p.) and Yemen (+21 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (-7.7 p.p.) and Qatar (-19.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-rolled bitumen products in the Middle East, comprising 45% of total imports. The second position in the ranking was held by Turkey ($X), with a 19% share of total imports. It was followed by Yemen, with a 12% share.

From 2012 to 2022, the average annual growth rate 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

The import price in the Middle East stood at $X per ton in 2022, growing by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The level of import peaked 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 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

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