Slovenia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Slovenia

In 2022, the Slovene non-rolled bitumen products market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Rolled Bitumen Products Production in Slovenia

In value terms, non-rolled bitumen products production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a measured expansion. The growth pace was the most rapid in 2017 when the production volume increased by 292% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Slovenia

Non-rolled bitumen products exports from Slovenia was estimated at X tons in 2022, surging by 3.5% against the previous year's figure. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2017 when exports increased by 333%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-rolled bitumen products exports shrank slightly to $X in 2022. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 302%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Croatia (X tons) was the main destination for non-rolled bitumen products exports from Slovenia, with a 99% share of total exports. It was followed by Serbia (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Croatia stood at +18.6%.

In value terms, Croatia ($X) remains the key foreign market for non-rolled bitumen products exports from Slovenia, comprising 97% of total exports. The second position in the ranking was taken by Serbia ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Croatia amounted to +8.4%.

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, dropping by -4% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 47%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Croatia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+13.1%).

Non-Rolled Bitumen Products Imports

Imports into Slovenia

In 2022, after two years of growth, there was significant decline in overseas purchases of non-rolled bitumen products, when their volume decreased by -8.5% to X tons. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 45% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, non-rolled bitumen products imports contracted to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +101.1% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Poland (X tons), Italy (X tons) and Slovakia (X tons) were the main suppliers of non-rolled bitumen products imports to Slovenia, together comprising 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +164.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-rolled bitumen products suppliers to Slovenia were Poland ($X), Italy ($X) and Turkey ($X), with a combined 84% share of total imports.

Poland, with a CAGR of +147.0%, 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

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, increasing by 7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform