U.S.: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in the U.S.

After three years of growth, the U.S. bituminous mixtures market decreased by -0.1% to $X in 2021. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.9% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2020, and then declined slightly in the following year.

Bituminous Mixtures Production in the U.S.

In value terms, bituminous mixtures production contracted modestly to $X in 2021. Over the period under review, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +67.2% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. Bituminous mixtures production peaked at $X in 2020, and then fell modestly in the following year.

Bituminous Mixtures Exports

Exports from the U.S.

In 2021, approx. X tons of bituminous mixtures were exported from the United States; picking up by 5.2% on the previous year's figure. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 35%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bituminous mixtures exports soared to $X in 2021. Overall, exports, however, continue to indicate a noticeable downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for bituminous mixtures exports from the United States, accounting for a 37% share of total exports. Moreover, bituminous mixtures exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), sixfold. The third position in this ranking was taken by Japan (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at -12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-10.6% per year) and Japan (+3.5% per year).

In value terms, Canada ($X) remains the key foreign market for bituminous mixtures exports from the United States, comprising 32% of total exports. The second position in the ranking was taken by Mexico ($X), with a 4.9% share of total exports. It was followed by Japan, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-9.3% per year) and Japan (+2.9% per year).

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2021, surging by 16% against the previous year. In general, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bituminous mixtures export price increased by +62.0% against 2016 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 37%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saint Helena, Ascension and Tristan da Cunha ($X per ton), while the average price for exports to Bahamas ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bituminous Mixtures Imports

Imports into the U.S.

Bituminous mixtures imports into the United States skyrocketed to X tons in 2021, growing by 34% compared with the year before. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 51%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, bituminous mixtures imports surged to $X in 2021. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Canada (X tons) constituted the largest bituminous mixtures supplier to the United States, accounting for a 80% share of total imports. Moreover, bituminous mixtures imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+166.0% per year) and Spain (+49.6% per year).

In value terms, Canada ($X) constituted the largest supplier of bituminous mixtures to the United States, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 9.2% share of total imports. It was followed by Spain, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+152.2% per year) and Spain (+31.9% per year).

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2021, rising by 8.2% against the previous year. In general, the import price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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