Switzerland: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Switzerland

The Swiss natural bitumen and asphalt market soared to $X in 2021, picking up by 186% against the previous year. Over the period under review, consumption showed a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Production of Natural Bitumen and Asphalt in Switzerland

In value terms, natural bitumen and asphalt production amounted to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. Natural bitumen and asphalt production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Natural Bitumen and Asphalt

Exports from Switzerland

In 2021, after two years of growth, there was significant decline in overseas shipments of natural bitumen and asphalt, when their volume decreased by -54.2% to X tons. In general, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2019 with an increase of 172%. The exports peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, natural bitumen and asphalt exports contracted notably to $X in 2021. Overall, exports, however, continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 127% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then declined significantly in the following year.

Exports by Country

Germany (X tons) was the main destination for natural bitumen and asphalt exports from Switzerland, with a 97% share of total exports. It was followed by France (X tons), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +2.0%.

In value terms, Germany ($X) remains the key foreign market for natural bitumen and asphalt exports from Switzerland, comprising 85% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

The average natural bitumen and asphalt export price stood at $X per ton in 2021, jumping by 25% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 39%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+12.1%).

Imports of Natural Bitumen and Asphalt

Imports into Switzerland

In 2021, approx. X tons of natural bitumen and asphalt were imported into Switzerland; surging by 89% compared with the year before. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 175%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, natural bitumen and asphalt imports skyrocketed to $X in 2021. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 91% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of natural bitumen and asphalt to Switzerland, accounting for a 59% share of total imports. Moreover, natural bitumen and asphalt imports from France exceeded the figures recorded by the second-largest supplier, Albania (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (+157.5% per year) and Italy (-4.1% per year).

In value terms, the largest natural bitumen and asphalt suppliers to Switzerland were France ($X), the United States ($X) and Austria ($X), together accounting for 70% of total imports. Albania, Trinidad and Tobago, Germany and Italy lagged somewhat behind, together comprising a further 30%.

Among the main suppliers, Albania, with a CAGR of +153.1%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average natural bitumen and asphalt import price amounted to $X per ton, reducing by -13.8% against the previous year. In general, the import price showed a perceptible decrease. The growth pace was the most rapid in 2017 when the average import price increased by 107%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :