Romania: Market for Natural Bitumen and Asphalt 2025

Market Size for Natural Bitumen and Asphalt in Romania

In 2021, the Romanian natural bitumen and asphalt market decreased by -28.7% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed a significant expansion. Natural bitumen and asphalt consumption peaked at $X in 2020, and then declined markedly in the following year.

Exports of Natural Bitumen and Asphalt

Exports from Romania

Natural bitumen and asphalt exports from Romania fell significantly to X tons in 2021, reducing by -61.3% compared with the year before. Over the period under review, exports showed a sharp decline. The pace of growth appeared the most rapid in 2014 with an increase of 2,772%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, natural bitumen and asphalt exports contracted notably to $X in 2021. Overall, exports showed a dramatic curtailment. The pace of growth was the most pronounced in 2019 with an increase of 718%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Algeria (X tons), Ukraine (X tons) and Moldova (X kg) were the main destinations of natural bitumen and asphalt exports from Romania, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +18.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for natural bitumen and asphalt exported from Romania were Ukraine ($X), Algeria ($X) and Moldova ($X), with a combined 100% share of total exports.

Ukraine, with a CAGR of +31.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average natural bitumen and asphalt export price stood at $X per ton in 2021, increasing by 49% against the previous year. In general, the export price saw slight growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 155%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Algeria ($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 Algeria (+75.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Natural Bitumen and Asphalt

Imports into Romania

After three years of growth, purchases abroad of natural bitumen and asphalt decreased by -39.9% to X tons in 2021. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 593% against the previous year. Imports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, natural bitumen and asphalt imports contracted to $X in 2021. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2019 when imports increased by 265% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

Poland (X tons), Greece (X tons) and Bulgaria (X tons) were the main suppliers of natural bitumen and asphalt imports to Romania, with a combined 86% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +120.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Bulgaria ($X) and Greece ($X) were the largest natural bitumen and asphalt suppliers to Romania, together comprising 85% of total imports.

Greece, with a CAGR of +105.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, picking up by 55% against the previous year. Overall, the import price, however, showed a noticeable decline. 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 countries with the highest prices were Bulgaria ($X per ton) and Austria ($X per ton), while the price for Poland ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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