Spain: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Spain

In 2022, the Spanish non-rolled bitumen products market increased by 12% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption recorded a pronounced shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Rolled Bitumen Products Production in Spain

In value terms, non-rolled bitumen products production expanded notably to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 59% against the previous year. Non-rolled bitumen products production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Spain

After four years of growth, overseas shipments of non-rolled bitumen products decreased by -25.8% to X tons in 2022. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 69%. The exports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, non-rolled bitumen products exports reduced to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 65% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Germany (X tons), Portugal (X tons) and Turkey (X tons) were the main destinations of non-rolled bitumen products exports from Spain, together accounting for 70% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +152.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-rolled bitumen products exported from Spain were Germany ($X), Portugal ($X) and Turkey ($X), together comprising 66% of total exports. Italy, the UK, France, China and Cuba lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, the UK, with a CAGR of +154.8%, saw the highest growth rate of 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 21% against the previous year. In general, the export price, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 22%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Cuba ($X per ton), while the average price for exports to Turkey ($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 Cuba (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Spain

In 2022, purchases abroad of non-rolled bitumen products decreased by -32.6% to X tons, falling for the second consecutive year after three years of growth. Overall, imports showed a slight shrinkage. The growth pace was the most rapid in 2019 with an increase of 42% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products imports shrank to $X in 2022. Over the period under review, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lithuania (X tons), France (X tons) and Italy (X tons) were the main suppliers of non-rolled bitumen products imports to Spain, together comprising 69% of total imports. Turkey, Portugal, Poland, Germany and Slovakia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +46.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-rolled bitumen products suppliers to Spain were France ($X), Italy ($X) and Turkey ($X), together accounting for 64% of total imports.

Turkey, with a CAGR of +68.5%, saw 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 non-rolled bitumen products import price stood at $X per ton in 2022, picking up by 36% against the previous year. Over the period under review, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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