Report Update Nov 1, 2024

Peru - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Peru

In 2021, the Peruvian natural bitumen and asphalt market increased by 26% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption saw a slight expansion. Natural bitumen and asphalt consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Natural Bitumen and Asphalt in Peru

In value terms, natural bitumen and asphalt production rose rapidly to $X in 2021 estimated in export price. In general, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 90% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Natural Bitumen and Asphalt

Exports from Peru

In 2021, exports of natural bitumen and asphalt from Peru declined rapidly to X tons, waning by -53.7% against 2020 figures. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by 340% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, natural bitumen and asphalt exports fell markedly to $X in 2021. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 297% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for natural bitumen and asphalt exports from Peru, accounting for a 97% share of total exports. It was followed by Ecuador (X tons), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia amounted to -8.0%.

In value terms, Bolivia ($X) remains the key foreign market for natural bitumen and asphalt exports from Peru, comprising 94% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia amounted to -12.5%.

Export Prices by Country

The average natural bitumen and asphalt export price stood at $X per ton in 2021, surging by 23% against the previous year. Overall, the export price, however, showed a perceptible slump. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Ecuador stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-4.9%).

Imports of Natural Bitumen and Asphalt

Imports into Peru

In 2021, imports of natural bitumen and asphalt into Peru surged to X tons, rising by 25% compared with the previous year. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 612%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, natural bitumen and asphalt imports skyrocketed to $X in 2021. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 582% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Chile (X tons), the United States (X tons) and Colombia (X tons) were the main suppliers of natural bitumen and asphalt imports to Peru, together accounting for 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +75.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest natural bitumen and asphalt suppliers to Peru were the United States ($X), Chile ($X) and Ecuador ($X), together accounting for 77% of total imports. These countries were followed by Colombia, Australia and Argentina, which together accounted for a further 22%.

In terms of the main suppliers, Colombia, with a CAGR of +82.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average natural bitumen and asphalt import price stood at $X per ton in 2021, surging by 74% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and the United States ($X per ton), while the price for Chile ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural bitumen and natural asphalt in the world?

The country with the largest volume of bitumen and asphalt consumption was China, accounting for 24% of total volume. Moreover, bitumen and asphalt consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Pakistan ranked third in terms of total consumption with a 4.7% share.

What are the largest producers of natural bitumen and natural asphalt in the world?

China constituted the country with the largest volume of bitumen and asphalt production, accounting for 24% of total volume. Moreover, bitumen and asphalt production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Pakistan ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of natural bitumen and natural asphalt to Peru?

In value terms, Chile constituted the largest supplier of bitumen and asphalt to Peru, comprising 65% of total imports. The second position in the ranking was occupied by Ecuador, with a 22% share of total imports.

What are the leading importers of natural bitumen and natural asphalt from Peru?

In value terms, Bolivia remains the key foreign market for bitumen and asphalt exports from Peru.

What is the average export price for natural bitumen and natural asphalt in Peru?

The average bitumen and asphalt export price stood at $430 per ton in 2020, dropping by -11.8% against the previous year.

What is the average import price for natural bitumen and natural asphalt in Peru?

The average bitumen and asphalt import price stood at $899 per ton in 2020, waning by -34% against the previous year.

This report provides an in-depth analysis of the market for natural bitumen and asphalt in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023