Netherlands: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in the Netherlands

In 2021, the Dutch natural bitumen and asphalt market increased by 21% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded strong growth. Natural bitumen and asphalt consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Natural Bitumen and Asphalt in the Netherlands

In value terms, natural bitumen and asphalt production soared to $X in 2021 estimated in export price. Over the period under review, production showed a prominent increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 76% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Natural Bitumen and Asphalt

Exports from the Netherlands

In 2021, shipments abroad of natural bitumen and asphalt increased by 19% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2015 when exports increased by 1,508%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, natural bitumen and asphalt exports shrank to $X in 2021. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 444%. Over the period under review, the exports reached the maximum at $X in 2020, and then reduced in the following year.

Exports by Country

Australia (X tons), Norway (X tons) and the UK (X tons) were the main destinations of natural bitumen and asphalt exports from the Netherlands, with a combined 37% share of total exports. Germany, Belgium, Chad, Cameroon and Estonia lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +5,165.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural bitumen and asphalt exported from the Netherlands were Australia ($X), Norway ($X) and Belgium ($X), together accounting for 39% of total exports. These countries were followed by Germany, Chad, the UK, Cameroon and Estonia, which together accounted for a further 36%.

Among the main countries of destination, Estonia, with a CAGR of +6,322.3%, recorded the highest growth rate of 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 average natural bitumen and asphalt export price amounted to $X per ton, reducing by -23.6% against the previous year. In general, the export price, however, saw strong growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 422% against the previous year. The export price peaked at $X per ton in 2020, and then reduced markedly in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per ton) and Estonia ($X per ton), while the average price for exports to the UK ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Bitumen and Asphalt

Imports into the Netherlands

For the fourth year in a row, the Netherlands recorded decline in supplies from abroad of natural bitumen and asphalt, which decreased by -39.3% to X tons in 2021. Overall, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2015 with an increase of 853%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, natural bitumen and asphalt imports dropped to $X in 2021. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 379%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest natural bitumen and asphalt supplier to the Netherlands, accounting for a 77% share of total imports. Moreover, natural bitumen and asphalt imports from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +198.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.3% per year) and Germany (-10.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of natural bitumen and asphalt to the Netherlands, comprising 75% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +267.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.4% per year) and Germany (-1.4% per year).

Import Prices by Country

In 2021, the average natural bitumen and asphalt import price amounted to $X per ton, jumping by 54% against the previous year. Overall, the import price saw a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 687% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Slovakia ($X per ton), while the price for Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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