Northern America: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Northern America

The North American bituminous mixtures market reached $X in 2021, remaining relatively unchanged against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.2% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bituminous Mixtures Production in Northern America

In value terms, bituminous mixtures production totaled $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Bituminous Mixtures Exports

Exports in Northern America

After three years of decline, overseas shipments of bituminous mixtures increased by 18% to X tons in 2021. The total export volume increased at an average annual rate of +3.6% 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 appeared the most rapid in 2016 with an increase of 25% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, bituminous mixtures exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Canada (X tons) represented the largest exporter of bituminous mixtures, generating 74% of total exports. It was distantly followed by the United States (X tons), constituting a 26% share of total exports.

Canada was also the fastest-growing in terms of the bituminous mixtures exports, with a CAGR of +14.8% from 2012 to 2021. The United States (-7.3%) illustrated a downward trend over the same period. Canada (+45 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -44.7% from 2012 to 2021, respectively.

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

Canada, with a CAGR of +10.6%, recorded the highest rates of growth with regard to 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 ton, growing by 6.5% against the previous year. In general, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2018 when the export price increased by 18%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.4%).

Bituminous Mixtures Imports

Imports in Northern America

In 2021, imports of bituminous mixtures in Northern America skyrocketed to X tons, growing by 28% compared with the year before. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 42% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, bituminous mixtures imports surged to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The United States represented the major importing country with an import of around X tons, which resulted at 89% of total imports. It was distantly followed by Canada (X tons), achieving an 11% share of total imports.

The United States was also the fastest-growing in terms of the bituminous mixtures imports, with a CAGR of +16.5% from 2012 to 2021. Canada (-11.3%) illustrated a downward trend over the same period. The United States (+48 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -47.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported bituminous mixtures in Northern America, comprising 81% of total imports. The second position in the ranking was held by Canada ($X), with a 19% share of total imports.

In the United States, bituminous mixtures imports increased at an average annual rate of +12.8% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, with an increase of 6.6% against the previous year. Overall, the import price, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2018 an increase of 27%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.0%).

Source: IndexBox Platform

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