Northern America: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Northern America

The North American rolled bitumen articles market shrank modestly to $X in 2021, approximately mirroring the previous year. Overall, consumption saw a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 6.9% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Rolled Bitumen Articles Production in Northern America

In value terms, rolled bitumen articles production declined slightly to $X in 2021 estimated in export price. In general, production saw a slight shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 7% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Rolled Bitumen Articles Exports

Exports in Northern America

In 2021, shipments abroad of articles of bitumen in rolls increased by 14% to X square meters for the first time since 2017, thus ending a three-year declining trend. Total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 20%. As a result, the exports reached the peak of X square meters. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, rolled bitumen articles exports surged to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada prevails in exports structure, recording X square meters, which was near 95% of total exports in 2021. It was distantly followed by the United States (X square meters), comprising a 5.5% share of total exports.

Canada was also the fastest-growing in terms of the articles of bitumen in rolls exports, with a CAGR of +8.0% from 2012 to 2021. The United States (-17.8%) illustrated a downward trend over the same period. Canada (+35 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -34.6% from 2012 to 2021, respectively.

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021.

Canada, with a CAGR of +5.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per square meter, increasing by 8.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 29% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while Canada stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+23.3%).

Rolled Bitumen Articles Imports

Imports in Northern America

In 2021, the amount of articles of bitumen in rolls imported in Northern America shrank to X square meters, dropping by -4.1% compared with 2020 figures. In general, imports recorded a deep slump. The growth pace was the most rapid in 2016 when imports increased by 12% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, rolled bitumen articles imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X square meters) and the United States (X square meters) represented the major importer of articles of bitumen in rolls in Northern America, committing 99% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Canada (with a CAGR of -0.3%).

In value terms, the United States ($X) constitutes the largest market for imported articles of bitumen in rolls in Northern America, comprising 72% of total imports. The second position in the ranking was held by Canada ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +5.2%.

Import Prices by Country

The import price in Northern America stood at $X per square meter in 2021, picking up by 35% against the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 when the import price increased by 89%. Over the period under review, import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per square meter), while Canada amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.2%).

Source: IndexBox Platform

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