Ukraine: Market for Asphalt or Bitumen Articles 2025

Market Size for Asphalt or Bitumen Articles in Ukraine

In 2022, the Ukrainian asphalt or bitumen article market decreased by -86.8% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption showed a significant contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Asphalt or Bitumen Articles

Exports from Ukraine

In 2022, approx. X tons of asphalt or bitumen articles were exported from Ukraine; with an increase of 271% on 2021. In general, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, asphalt or bitumen article exports soared to $X in 2022. Over the period under review, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Moldova (X tons) was the main destination for asphalt or bitumen article exports from Ukraine, with a 98% share of total exports. It was followed by Romania (X tons), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Moldova stood at +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-26.6% per year) and Denmark (-54.0% per year).

In value terms, Moldova ($X) emerged as the key foreign market for asphalt or bitumen articles exports from Ukraine, comprising 97% of total exports. The second position in the ranking was taken by Romania ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Moldova totaled +45.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-29.3% per year) and Denmark (-54.1% per year).

Export Prices by Country

In 2022, the average asphalt or bitumen article export price amounted to $X per ton, growing by 5.6% against the previous year. Overall, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Romania ($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 India (+10.9%), while the prices for the other major destinations experienced a decline.

Imports of Asphalt or Bitumen Articles

Imports into Ukraine

In 2022, overseas purchases of asphalt or bitumen articles decreased by -87% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a precipitous decline. The growth pace was the most rapid in 2019 with an increase of 49% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, asphalt or bitumen article imports reduced remarkably to $X in 2022. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 61% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Poland (X tons) and Belarus (X tons) were the main suppliers of asphalt or bitumen article imports to Ukraine, with a combined 52% share of total imports. Turkey, Slovakia, the United States, Finland and Germany lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Turkey ($X) and Russia ($X) constituted the largest asphalt or bitumen article suppliers to Ukraine, with a combined 50% share of total imports. Slovakia, Belarus, Finland, the United States and Germany lagged somewhat behind, together comprising a further 42%.

Slovakia, with a CAGR of +15.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average asphalt or bitumen article import price stood at $X per ton in 2022, with an increase of 47% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, asphalt or bitumen article import price increased by +75.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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