We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report World - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update May 1, 2024

World - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Overview of the Global Market for Natural Bitumen and Asphalt

Market Size for Natural Bitumen and Asphalt

The global natural bitumen and asphalt market declined to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the global market remained at a lower figure.

Production of Natural Bitumen and Asphalt

In value terms, natural bitumen and asphalt production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, global production growth remained at a somewhat lower figure.

Exports of Natural Bitumen and Asphalt

Exports

In 2022, approx. X tons of natural bitumen and asphalt were exported worldwide; which is down by X% on 2021. In general, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, natural bitumen and asphalt exports contracted sharply to $X in 2022. Overall, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X tons), Spain (X tons), Bahrain (X tons), Italy (X tons), Belgium (X tons), Indonesia (X tons), Canada (X tons) and Iraq (X tons) represented the key exporter of natural bitumen and asphalt in the world, mixing up X% of total export. The following exporters - Saudi Arabia (X tons) and Croatia (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Spain ($X) and Italy ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Canada, Bahrain, Iraq, Belgium, Saudi Arabia, Indonesia and Croatia lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average natural bitumen and asphalt export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Imports of Natural Bitumen and Asphalt

Imports

In 2022, overseas purchases of natural bitumen and asphalt increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, natural bitumen and asphalt imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a pronounced 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Egypt (X tons), the United States (X tons), France (X tons), China (X tons), Costa Rica (X tons), the Philippines (X tons), Canada (X tons), the United Arab Emirates (X tons), Vietnam (X tons), Uruguay (X tons), Cambodia (X tons) and Denmark (X tons) was the key importer of natural bitumen and asphalt in the world, achieving X% of total import. Myanmar (X tons) followed a long way behind the leaders.

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

In value terms, Egypt ($X), France ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, together comprising X% of global imports. Canada, the United States, Vietnam, China, Uruguay, Denmark, the United Arab Emirates, Costa Rica, Cambodia and Myanmar lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Uruguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average natural bitumen and asphalt import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 Egypt ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption in 2023 were Venezuela, Canada and Kazakhstan, together comprising 86% of global consumption.
The countries with the highest volumes of production in 2022 were Venezuela, Canada and Kazakhstan, with a combined 85% share of global production.
In value terms, the United States, Spain and Italy appeared to be the countries with the highest levels of exports in 2022, together comprising 59% of global exports. Canada, Bahrain, Iraq, Belgium, Saudi Arabia, Indonesia and Croatia lagged somewhat behind, together accounting for a further 25%.
In value terms, the largest natural bitumen and asphalt importing markets worldwide were Egypt, France and the Philippines, with a combined 40% share of global imports. Canada, the United States, Vietnam, China, Uruguay, Denmark, the United Arab Emirates, Costa Rica, Cambodia and Myanmar lagged somewhat behind, together comprising a further 39%.
The average natural bitumen and asphalt export price stood at $386 per ton in 2022, declining by -6.9% against the previous year.
In 2022, the average natural bitumen and asphalt import price amounted to $482 per ton, picking up by 20% against the previous year.

This report provides an in-depth analysis of the global market for natural bitumen and asphalt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Shell Bitumen, NuStar Energy, ExxonMobil, Marathon Oil Company, Valero Energy Corporation, Nynas AB., CEMEX S.A.B. de C.V., China Petroleum and chemical Corporation, Royal Dutch Shell, United Refining Company, Total France, Asphalt & Bitumen West Co., Raha Bitumen, Asia Bitumen, Sinopec, Nynas, GOIL Ltd, Total Energies, Gazprom Neft, Indian Oil Corporation

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Asia - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$599
May 1, 2024
Eye 1068

This report provides an in-depth analysis of the market for natural bitumen and asphalt in Asia.

U.S. - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$599
May 1, 2024
Eye 652

This report provides an in-depth analysis of the market for natural bitumen and asphalt in the U.S..

China - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$599
May 1, 2024
Eye 949

This report provides an in-depth analysis of the market for natural bitumen and asphalt in China.

EU - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights
$599
May 1, 2024
Eye 1439

This report provides an in-depth analysis of the market for natural bitumen and asphalt in the EU.

Free Data: Natural Bitumen and Asphalt - World
Table
Natural Bitumen and Asphalt - World - Table
Dashboard
Natural Bitumen and Asphalt - World - Dashboard
Report
Natural Bitumen and Asphalt - World - Report