United Kingdom: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in the UK

The UK bituminous mixtures market contracted to $X in 2021, reducing by -4.1% against the previous year. Over the period under review, consumption, however, showed a resilient expansion. Bituminous mixtures consumption peaked at $X in 2020, and then reduced modestly in the following year.

Bituminous Mixtures Production in the UK

In value terms, bituminous mixtures production contracted to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +45.2% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 32%. Over the period under review, production reached the maximum level at $X in 2020, and then reduced in the following year.

Bituminous Mixtures Exports

Exports from the UK

Bituminous mixtures exports from the UK rose modestly to X tons in 2021, with an increase of 1.9% against the year before. In general, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 62%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bituminous mixtures exports stood at $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 30%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ireland (X tons) was the main destination for bituminous mixtures exports from the UK, accounting for a 58% share of total exports. Moreover, bituminous mixtures exports to Ireland exceeded the volume sent to the second major destination, France (X tons), sevenfold. China (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland totaled -18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.1% per year) and China (+7.3% per year).

In value terms, the largest markets for bituminous mixtures exported from the UK were Ireland ($X), France ($X) and the Netherlands ($X), with a combined 35% share of total exports. Japan, Germany, China, Nigeria, Hong Kong SAR and Falkland Islands (Malvinas) lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, Falkland Islands (Malvinas), with a CAGR of +49.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, increasing by 7.4% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bituminous mixtures export price increased by +30.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 44%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Ireland ($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 the Netherlands (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Bituminous Mixtures Imports

Imports into the UK

After two years of decline, overseas purchases of bituminous mixtures increased by 59% to X tons in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +9.8% against 2017 indices. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, bituminous mixtures imports soared to $X in 2021. In general, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest bituminous mixtures supplier to the UK, accounting for a 56% share of total imports. Moreover, bituminous mixtures imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. The third position in this ranking was held by Ireland (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+21.0% per year) and Ireland (-3.0% per year).

In value terms, the Netherlands ($X), Austria ($X) and Belgium ($X) appeared to be the largest bituminous mixtures suppliers to the UK, together accounting for 82% of total imports.

Austria, with a CAGR of +22.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2021, with an increase of 16% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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