Middle East: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in the Middle East

In 2022, the Middle Eastern non-rolled bitumen products market was finally on the rise to reach $X after two years of decline. The total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Rolled Bitumen Products Production in the Middle East

In value terms, non-rolled bitumen products production shrank to $X in 2022 estimated in export price. In general, production posted a notable expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports in the Middle East

In 2022, non-rolled bitumen products exports in the Middle East contracted dramatically to X tons, reducing by X% against the year before. Overall, exports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports reduced to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Oman (X tons) represented the key exporter of non-rolled bitumen products, comprising X% of total exports. It was distantly followed by Turkey (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons), together mixing up a X% share of total exports.

Oman was also the fastest-growing in terms of the non-rolled bitumen products exports, with a CAGR of X% from 2012 to 2022. Turkey (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates, Saudi Arabia and Turkey saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest non-rolled bitumen products supplying countries in the Middle East were Turkey ($X), Oman ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

Oman, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs 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 origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Non-Rolled Bitumen Products Imports

Imports in the Middle East

In 2022, non-rolled bitumen products imports in the Middle East shrank notably to X tons, declining by X% against the previous year. Overall, imports saw a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products imports reduced notably to $X in 2022. In general, imports saw a deep setback. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Yemen (X tons) and the United Arab Emirates (X tons) represented the major importers of non-rolled bitumen products in the Middle East, together creating X% of total imports. Turkey (X tons) took the next position in the ranking, distantly followed by Qatar (X tons). All these countries together held approx. X% share of total imports. The following importers - Oman (X tons), Iraq (X tons) and Kuwait (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Yemen ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Yemen, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :