Scandinavia: Market for Asphalt or Bitumen Articles 2025

Market Size for Asphalt or Bitumen Articles in Scandinavia

The Scandinavia asphalt or bitumen article market shrank markedly to $X in 2022, waning by -19.2% against the previous year. Overall, consumption faced a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Asphalt or Bitumen Articles in Scandinavia

In value terms, asphalt or bitumen article production reduced remarkably to $X in 2022 estimated in export price. In general, production recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 18%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Asphalt or Bitumen Articles

Exports in Scandinavia

In 2022, exports of asphalt or bitumen articles in Scandinavia contracted sharply to X tons, which is down by -16% compared with the previous year. In general, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, asphalt or bitumen article exports shrank to $X in 2022. Overall, exports recorded a noticeable reduction. The growth pace was the most rapid in 2021 when exports increased by 25%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Finland represented the largest exporter of asphalt or bitumen articles in Scandinavia, with the volume of exports recording X tons, which was near 61% of total exports in 2022. It was distantly followed by Sweden (X tons) and Norway (X tons), together committing a 39% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to asphalt or bitumen article exports from Finland stood at -4.7%. At the same time, Norway (+1.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +1.6% from 2012-2022. By contrast, Sweden (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway and Sweden increased by +5.8 and +4.1 percentage points, respectively.

In value terms, the largest asphalt or bitumen article supplying countries in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

Norway, with a CAGR of +0.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, with an increase of 8.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 16%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Asphalt or Bitumen Articles

Imports in Scandinavia

In 2022, overseas purchases of asphalt or bitumen articles increased by 1.7% to X tons, rising for the fifth year in a row after three years of decline. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 7.8%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, asphalt or bitumen article imports rose remarkably to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons) and Norway (X tons) represented roughly 81% of total imports in 2022. It was distantly followed by Finland (X tons), comprising a 19% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +4.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest asphalt or bitumen article importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

In terms of the main importing countries, Finland, with a CAGR of +2.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, rising by 5.3% against the previous year. Overall, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by 10%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform