United Kingdom: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in the UK

In 2022, the UK non-rolled bitumen products market decreased by -17% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Non-rolled bitumen products consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Production in the UK

In value terms, non-rolled bitumen products production reached $X in 2022 estimated in export price. Overall, production, however, saw a mild setback. The pace of growth appeared the most rapid in 2019 when the production volume increased by 2.2%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Rolled Bitumen Products Exports

Exports from the UK

Non-rolled bitumen products exports from the UK surged to X tons in 2022, jumping by 185% on 2021 figures. Over the period under review, exports, however, saw a abrupt downturn. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for non-rolled bitumen products exports from the UK, with a 33% share of total exports. Moreover, non-rolled bitumen products exports to Poland exceeded the volume sent to the second major destination, Italy (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-3.0% per year) and Belgium (+13.7% per year).

In value terms, the largest markets for non-rolled bitumen products exported from the UK were Poland ($X), Belgium ($X) and Ireland ($X), together accounting for 50% of total exports. Italy, the Netherlands, Thailand and Canada lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, the Netherlands, with a CAGR of +157.3%, 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 2022, the average non-rolled bitumen products export price amounted to $X per ton, waning by -38.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 73% against the previous year. The export price peaked at $X per ton in 2021, and then fell sharply in the following year.

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 Canada ($X per ton), while the average price for exports to Poland ($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 the United Arab Emirates (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into the UK

In 2022, supplies from abroad of non-rolled bitumen products decreased by -31.7% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2018 when imports increased by 63%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports declined dramatically to $X in 2022. In general, imports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Slovakia (X tons), Poland (X tons) and Lithuania (X tons) were the main suppliers of non-rolled bitumen products imports to the UK, together accounting for 55% of total imports. Italy, Turkey, Spain, Finland, France, Germany and Belgium lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +96.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-rolled bitumen products suppliers to the UK were Poland ($X), Slovakia ($X) and Turkey ($X), together comprising 51% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +85.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-rolled bitumen products import price stood at $X per ton in 2022, rising by 1.8% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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