Poland: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Poland

The Polish asphalt or bitumen article market surged to $X in 2022, picking up by 17% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Asphalt or Bitumen Articles in Poland

In value terms, asphalt or bitumen article production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Asphalt or Bitumen Articles

Exports from Poland

In 2022, the amount of asphalt or bitumen articles exported from Poland skyrocketed to X tons, increasing by 29% compared with the previous year's figure. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, asphalt or bitumen article exports soared to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Lithuania (X tons), the Czech Republic (X tons) and France (X tons) were the main destinations of asphalt or bitumen article exports from Poland, with a combined 31% share of total exports. The UK, Romania, Slovakia, Hungary, Sweden, Italy, Latvia, Germany, Slovenia and Ukraine lagged somewhat behind, together comprising a further 53%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +188.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for asphalt or bitumen article exported from Poland were France ($X), the UK ($X) and Lithuania ($X), with a combined 31% share of total exports. The Czech Republic, Romania, Slovakia, Italy, Sweden, Hungary, Germany, Latvia, Slovenia and Ukraine lagged somewhat behind, together comprising a further 50%.

Slovenia, with a CAGR of +151.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average asphalt or bitumen article export price amounted to $X per ton, rising by 7.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into Poland

After four years of growth, supplies from abroad of asphalt or bitumen articles decreased by -33.9% to X tons in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 26%. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, asphalt or bitumen article imports contracted notably to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of asphalt or bitumen article to Poland, with a 57% share of total imports. Moreover, asphalt or bitumen article imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Slovakia (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.2% per year) and Slovakia (-0.1% per year).

In value terms, the largest asphalt or bitumen article suppliers to Poland were Russia ($X), Germany ($X) and Slovakia ($X), with a combined 80% share of total imports.

Among the main suppliers, Russia, with a CAGR of +9.0%, recorded the highest growth rate of 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 asphalt or bitumen article import price stood at $X per ton in 2022, surging by 25% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :