U.S.: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in the U.S.

The U.S. non-rolled bitumen products market was estimated at $X in 2022, with an increase of 3.4% against the previous year. Over the period under review, consumption continues to indicate a resilient increase. Non-rolled bitumen products consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Rolled Bitumen Products Production in the U.S.

In value terms, non-rolled bitumen products production rose to $X in 2022. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from the U.S.

Non-rolled bitumen products exports from the United States contracted to X tons in 2022, declining by -14.5% on the previous year's figure. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, the exports attained the maximum 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 stood at $X in 2022. In general, exports saw a mild downturn. The pace of growth was the most pronounced in 2021 when exports increased by 24% 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

Canada (X tons) was the main destination for non-rolled bitumen products exports from the United States, with a 82% share of total exports. Moreover, non-rolled bitumen products exports to Canada exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold. The third position in this ranking was held by Mexico (X tons), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+3.1% per year) and Mexico (+3.8% per year).

In value terms, Canada ($X) remains the key foreign market for non-rolled bitumen products exports from the United States, comprising 84% of total exports. The second position in the ranking was taken by Chile ($X), with a 4.1% share of total exports. It was followed by Mexico, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+2.9% per year) and Mexico (+1.5% per year).

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, surging by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level 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 Canada ($X per ton), while the average price for exports to Chile ($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 Japan (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Rolled Bitumen Products Imports

Imports into the U.S.

In 2022, overseas purchases of non-rolled bitumen products increased by 2.7% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2016 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-rolled bitumen products imports soared to $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) was the main supplier of non-rolled bitumen products to the United States, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Canada was relatively modest.

In value terms, Canada ($X) constituted the largest supplier of non-rolled bitumen products to the United States.

From 2012 to 2022, the average annual growth rate of value from Canada stood at +3.6%.

Import Prices by Country

The average non-rolled bitumen products import price stood at $X per ton in 2022, jumping by 42% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +2.7% per year.

Source: IndexBox Platform

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