Turkey: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Turkey

In 2022, the Turkish non-rolled bitumen products market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption showed a prominent expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Non-Rolled Bitumen Products Production in Turkey

In value terms, non-rolled bitumen products production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by 64%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Non-Rolled Bitumen Products Exports

Exports from Turkey

In 2022, after two years of growth, there was significant decline in shipments abroad of non-rolled bitumen products, when their volume decreased by -16.9% to X tons. In general, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2018 when exports increased by 118%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-rolled bitumen products exports expanded slightly to $X in 2022. Over the period under review, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when exports increased by 123% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), the United States (X tons) and Colombia (X tons) were the main destinations of non-rolled bitumen products exports from Turkey, together comprising 37% of total exports. France, Bulgaria, the UK, Ukraine, India, Peru, China, Spain, Serbia and Mexico lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +224.5%), 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 Turkey were Indonesia ($X), the United States ($X) and France ($X), together comprising 40% of total exports. Colombia, Spain, Bulgaria, Peru, China, the UK, Ukraine, India, Mexico and Serbia lagged somewhat behind, together accounting for a further 35%.

Mexico, with a CAGR of +221.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, rising by 24% against the previous year. In general, the export price, however, saw a mild descent. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Serbia ($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 Peru (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Turkey

In 2022, approx. X tons of non-rolled bitumen products were imported into Turkey; reducing by -21.1% against 2021 figures. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 7.2%. Imports peaked 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 contracted to $X in 2022. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 9.2% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest non-rolled bitumen products supplier to Turkey, with a 73% share of total imports. Moreover, non-rolled bitumen products imports from Spain exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), sevenfold. Slovakia (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-20.3% per year) and Slovakia (+2.2% per year).

In value terms, Spain ($X) constituted the largest supplier of non-rolled bitumen products to Turkey, comprising 78% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 6.7% share of total imports. It was followed by Slovakia, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-20.0% per year) and Slovakia (+1.0% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Russia ($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 (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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