South Africa: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in South Africa

The South African non-rolled bitumen products market reduced modestly to $X in 2022, standing approx. at the previous year. Overall, consumption, however, recorded pronounced growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Rolled Bitumen Products Production in South Africa

In value terms, non-rolled bitumen products production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 53%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from South Africa

In 2022, approx. X tons of non-rolled bitumen products were exported from South Africa; declining by -34.8% on the previous year. Overall, exports showed a dramatic decline. The pace of growth was the most pronounced in 2013 with an increase of 96% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products exports amounted to $X in 2022. In general, exports showed a deep slump. The growth pace was the most rapid in 2013 with an increase of 184% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Botswana (X tons) was the main destination for non-rolled bitumen products exports from South Africa, accounting for a 44% share of total exports. Moreover, non-rolled bitumen products exports to Botswana exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. New Zealand (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Botswana amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (-4.5% per year) and New Zealand (0.0% per year).

In value terms, New Zealand ($X), Mozambique ($X) and Botswana ($X) were the largest markets for non-rolled bitumen products exported from South Africa worldwide, together accounting for 77% of total exports. Democratic Republic of the Congo, Zambia, Namibia, the United Arab Emirates and Swaziland lagged somewhat behind, together comprising a further 21%.

In terms of the main countries of destination, Swaziland, with a CAGR of +52.0%, recorded the highest rates of growth with regard to 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

The average non-rolled bitumen products export price stood at $X per ton in 2022, increasing by 62% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 79%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into South Africa

Non-rolled bitumen products imports into South Africa fell dramatically to X tons in 2022, which is down by -17.4% on 2021. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 272%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, non-rolled bitumen products imports contracted to $X in 2022. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 135% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest non-rolled bitumen products supplier to South Africa, with a 60% share of total imports. Moreover, non-rolled bitumen products imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.7% per year) and Turkey (+358.9% per year).

In value terms, the United States ($X) constituted the largest supplier of non-rolled bitumen products to South Africa, comprising 50% of total imports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total imports. It was followed by Italy, with a 19% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+358.0% per year) and Italy (-1.6% per year).

Import Prices by Country

The average non-rolled bitumen products import price stood at $X per ton in 2022, picking up by 13% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 37%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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