SADC: Market for Asphalt or Bitumen Articles 2025

Market Size for Asphalt or Bitumen Articles in SADC

The SADC asphalt or bitumen article market rose to $X in 2022, picking up by 3.4% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Asphalt or Bitumen Articles in SADC

In value terms, asphalt or bitumen article production expanded modestly to $X in 2022 estimated in export price. In general, production, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Asphalt or Bitumen Articles

Exports in SADC

In 2022, shipments abroad of asphalt or bitumen articles increased by 8.3% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 72%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, asphalt or bitumen article exports surged to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 107%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, finishing at X tons, which was approx. 96% of total exports in 2022. Zambia (X tons) followed a long way behind the leaders.

Exports from South Africa decreased at an average annual rate of -3.4% from 2012 to 2022. At the same time, Zambia (+7.5%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +7.5% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest asphalt or bitumen article supplier in SADC, comprising 97% of total exports. The second position in the ranking was taken by Zambia ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled +1.2%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2019 an increase of 38% against the previous year. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.8%).

Imports of Asphalt or Bitumen Articles

Imports in SADC

In 2022, asphalt or bitumen article imports in SADC fell modestly to X tons, with a decrease of -4.9% on the previous year. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, asphalt or bitumen article imports surged to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

South Africa was the major importing country with an import of around X tons, which recorded 52% of total imports. Mozambique (X tons) ranks second in terms of the total imports with a 14% share, followed by Mauritius (13%) and Tanzania (6.5%). The following importers - Madagascar (X tons), Democratic Republic of the Congo (X tons) and Angola (X tons) - together made up 9.3% of total imports.

Imports into South Africa increased at an average annual rate of +2.0% from 2012 to 2022. At the same time, Mozambique (+45.0%), Tanzania (+18.2%), Madagascar (+5.7%), Mauritius (+2.8%) and Democratic Republic of the Congo (+1.8%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +45.0% from 2012-2022. By contrast, Angola (-15.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mozambique and Tanzania increased by +14 and +4.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported asphalt or bitumen articles in SADC, comprising 46% of total imports. The second position in the ranking was held by Mauritius ($X), with a 15% share of total imports. It was followed by Mozambique, with a 15% share.

In South Africa, asphalt or bitumen article imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (+2.7% per year) and Mozambique (+36.2% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, growing by 27% against the previous year. In general, the import price, however, showed a noticeable setback. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Angola ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform