Report Update Nov 1, 2024

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

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Portugal: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Portugal

The Portuguese natural bitumen and asphalt market skyrocketed to $X in 2021, growing by 30% against the previous year. In general, consumption showed buoyant growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Production of Natural Bitumen and Asphalt in Portugal

In value terms, natural bitumen and asphalt production surged to $X in 2021 estimated in export price. In general, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 48%. Natural bitumen and asphalt production peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Natural Bitumen and Asphalt

Exports from Portugal

In 2021, approx. X tons of natural bitumen and asphalt were exported from Portugal; reducing by -59.6% on 2020. In general, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2018 with an increase of 298%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural bitumen and asphalt exports declined dramatically to $X in 2021. Overall, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Angola (X tons), Sudan (X tons) and Niger (X tons) were the main destinations of natural bitumen and asphalt exports from Portugal, with a combined 70% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (with a CAGR of +149.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural bitumen and asphalt exported from Portugal were Cabo Verde ($X), Mozambique ($X) and Angola ($X), together comprising 59% of total exports. These countries were followed by Mexico, Niger, Sao Tome and Principe, Sudan and France, which together accounted for a further 37%.

In terms of the main countries of destination, Sudan, with a CAGR of +68.9%, 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, picking up by 103% against the previous year. Overall, the export price showed a resilient increase. The growth pace was the most rapid in 2017 when the average export price increased by 300%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per ton), while the average price for exports to Sudan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+69.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Bitumen and Asphalt

Imports into Portugal

In 2021, the amount of natural bitumen and asphalt imported into Portugal surged to X tons, growing by 1,315% against the year before. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural bitumen and asphalt imports soared to $X in 2021. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) was the main natural bitumen and asphalt supplier to Portugal, accounting for a 97% share of total imports. It was followed by Italy (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +65.3%.

In value terms, Spain ($X) constituted the largest supplier of natural bitumen and asphalt to Portugal, comprising 92% of total imports. The second position in the ranking was taken by Italy ($X), with a 7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +45.4%.

Import Prices by Country

In 2021, the average natural bitumen and asphalt import price amounted to $X per ton, with a decrease of -51.7% against the previous year. Overall, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 80% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-5.3%).

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, comprising approx. 24% of total volume. Moreover, bitumen and asphalt consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Pakistan, with a 4.7% share.

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

China remains the largest bitumen and asphalt producing country worldwide, 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. The third position in this ranking was occupied by Pakistan, with a 4.7% share.

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

In value terms, Italy constituted the largest supplier of bitumen and asphalt to Portugal, comprising 97% of total imports. The second position in the ranking was occupied by Spain, with a 2.2% share of total imports.

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

In value terms, France, Angola and Cabo Verde appeared to be the largest markets for bitumen and asphalt exported from Portugal worldwide, together comprising 78% of total exports.

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

In 2020, the average bitumen and asphalt export price amounted to $690 per ton, surging by 21% against the previous year.

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

The average bitumen and asphalt import price stood at $879 per ton in 2020, falling by -53.2% against the previous year.

This report provides an in-depth analysis of the market for natural bitumen and asphalt in Portugal. 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:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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