World - Non-Rolled Bitumen Products - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the increasing demand for non-rolled bitumen products worldwide, with a forecasted growth in market volume and value from 2022 to 2030. It provides insights into consumption trends, market performance, production, imports, and exports of non-rolled bitumen products globally, highlighting key countries and growth rates. The United States emerges as a significant player in both consumption and production of non-rolled bitumen products.
Market Forecast
Driven by increasing demand for non-rolled bitumen products worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market volume to 17M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $12.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Non-Rolled Bitumen Products
In 2022, the amount of non-rolled bitumen products consumed worldwide stood at 14M tons, picking up by 3% compared with the year before. The total consumption volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by 9.7% against the previous year. Global consumption peaked in 2022 and is likely to see gradual growth in the immediate term.
The global non-rolled bitumen products market revenue was estimated at $9B in 2022, picking up by 5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by 8.2% against the previous year. Global consumption peaked in 2022 and is likely to continue growth in the immediate term.
Consumption By Country
The United States (7.1M tons) constituted the country with the largest volume of non-rolled bitumen products consumption, accounting for 51% of total volume. Moreover, non-rolled bitumen products consumption in the United States exceeded the figures recorded by the second-largest consumer, China (2.6M tons), threefold. Russia (433K tons) ranked third in terms of total consumption with a 3.1% share.
From 2012 to 2022, the average annual growth rate of volume in the United States totaled +8.8%. In the other countries, the average annual rates were as follows: China (-1.6% per year) and Russia (-3.4% per year).
In value terms, the United States ($3.9B) led the market, alone. The second position in the ranking was held by China ($1.6B). It was followed by Brazil.
In the United States, the non-rolled bitumen products market increased at an average annual rate of +8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-2.2% per year) and Brazil (-2.6% per year).
In 2022, the highest levels of non-rolled bitumen products per capita consumption was registered in Norway (49 kg per person), followed by the United States (21 kg per person), Mexico (2.1 kg per person) and China (1.8 kg per person), while the world average per capita consumption of non-rolled bitumen products was estimated at less than 0.1 kg per person.
From 2012 to 2022, the average annual rate of growth in terms of the non-rolled bitumen products per capita consumption in Norway amounted to +32.4%. In the other countries, the average annual rates were as follows: the United States (+8.1% per year) and Mexico (-3.6% per year).
Production
World Production of Non-Rolled Bitumen Products
Global non-rolled bitumen products production expanded to 14M tons in 2022, picking up by 2.9% against the previous year's figure. The total output volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 11%. Global production peaked in 2022 and is expected to retain growth in the immediate term.
In value terms, non-rolled bitumen products production amounted to $8.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. Global production peaked at $9B in 2019; however, from 2020 to 2022, production remained at a lower figure.
Production By Country
The United States (7.2M tons) remains the largest non-rolled bitumen products producing country worldwide, comprising approx. 52% of total volume. Moreover, non-rolled bitumen products production in the United States exceeded the figures recorded by the second-largest producer, China (2.6M tons), threefold. Russia (523K tons) ranked third in terms of total production with a 3.8% share.
From 2012 to 2022, the average annual growth rate of volume in the United States totaled +7.9%. The remaining producing countries recorded the following average annual rates of production growth: China (-1.5% per year) and Russia (-1.1% per year).
Imports
World Imports of Non-Rolled Bitumen Products
In 2022, supplies from abroad of non-rolled bitumen products decreased by -9% to 1.3M tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a slight decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 11%. Global imports peaked at 1.7M tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.
In value terms, non-rolled bitumen products imports reached $884M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Over the period under review, global imports reached the maximum at $1B in 2013; however, from 2014 to 2022, imports remained at a lower figure.
Imports By Country
Canada (383K tons) and the United States (353K tons) were the major importers of non-rolled bitumen products in 2022, amounting to approx. 29% and 27% of total imports, respectively. The following importers - Japan (47K tons), Chile (41K tons), Germany (35K tons), the Czech Republic (23K tons), India (23K tons), Russia (21K tons) and Indonesia (21K tons) - together made up 16% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +18.0%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest non-rolled bitumen products importing markets worldwide were Canada ($255M), the United States ($224M) and Japan ($30M), with a combined 58% share of global imports. Germany, Chile, Indonesia, the Czech Republic, India and Russia lagged somewhat behind, together comprising a further 12%.
India, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average non-rolled bitumen products import price amounted to $664 per ton, with an increase of 22% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($903 per ton), while Chile ($475 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 States (+2.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Non-Rolled Bitumen Products
After two years of growth, shipments abroad of non-rolled bitumen products decreased by -10.4% to 1.3M tons in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. The global exports peaked at 1.7M tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.
In value terms, non-rolled bitumen products exports expanded markedly to $899M in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. The global exports peaked at $1B in 2013; however, from 2014 to 2022, the exports remained at a lower figure.
Exports By Country
In 2022, the United States (465K tons) represented the key exporter of non-rolled bitumen products, committing 36% of total exports. Canada (256K tons) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Russia (8.7%), Oman (5.5%) and Slovakia (4.7%). South Korea (46K tons), Italy (38K tons), Poland (36K tons), Lithuania (34K tons) and China (21K tons) held a little share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +81.3%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest non-rolled bitumen products supplying countries worldwide were the United States ($322M), Canada ($233M) and Russia ($48M), together comprising 67% of global exports. Poland, Slovakia, Italy, South Korea, Lithuania, Oman and China lagged somewhat behind, together accounting for a further 18%.
Oman, with a CAGR of +74.9%, 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 non-rolled bitumen products export price stood at $703 per ton in 2022, picking up by 19% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($910 per ton), while Oman ($224 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 States (+1.5%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global non-rolled bitumen products market. 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 23991290 - Products based on bitumen (excluding in rolls)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ 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
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global non-rolled bitumen products market.
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