Report Update: Apr 1, 2024

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

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Price for Natural Bitumen and Asphalt in Ireland - 2023

Price for Natural Bitumen and Asphalt in Ireland (CIF) - 2023

The average natural bitumen and asphalt import price stood at $416 per ton in July 2023, with an increase of 9.4% against the previous month. Over the period under review, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 68% month-to-month. The import price peaked at $1,332 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($420 per ton), while the price for Germany totaled $288 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (-4.8%).

Price for Natural Bitumen and Asphalt in Ireland (FOB) - 2022

The average natural bitumen and asphalt export price stood at $363 per ton in 2022, approximately equating the previous year. Overall, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2014 when the average export price increased by 110% against the previous year. As a result, the export price reached the peak level of $1,025 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($2,106 per ton), while the average price for exports to the UK amounted to $311 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-15.1%).

Imports of Natural Bitumen and Asphalt in Ireland

In 2022, the amount of natural bitumen and asphalt imported into Ireland amounted to 698 tons, flattening at 2021 figures. Overall, imports continue to indicate a precipitous decrease. The smallest decline of -52.9% was in 2020.

In value terms, natural bitumen and asphalt imports stood at $442K in 2022. In general, imports faced a precipitous setback. The smallest decline of -51.8% was in 2020.

Import of Natural Bitumen and Asphalt in Ireland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	23.3	12.6	N/A	0.4	-74.2%
Germany	3.7	0.4	N/A	N/A	-89.2%
Others	N/A	N/A	N/A	N/A	0%
Total	27.0	13.0	N/A	0.4	-75.4%

Top Suppliers of Natural Bitumen and Asphalt to Ireland in 2022:

United Kingdom (697.7 tons)

Exports of Natural Bitumen and Asphalt in Ireland

For the third year in a row, Ireland recorded decline in overseas shipments of natural bitumen and asphalt, which decreased by 0% to 105 kg in 2022. Over the period under review, exports recorded a precipitous slump. The smallest decline of -79.3% was in 2020.

In value terms, natural bitumen and asphalt exports amounted to $38 in 2022. Overall, exports saw a dramatic descent. The smallest decline of -78.8% was in 2020.

Export of Natural Bitumen and Asphalt in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	N/A	N/A	N/A	N/A	0%
United Kingdom	29.7	6.0	N/A	N/A	-79.8%
Others	0.2	0.4	N/A	N/A	100.0%
Total	29.9	6.4	N/A	N/A	-78.6%

Top Export Markets for Natural Bitumen and Asphalt from Ireland in 2022:

United Kingdom (102.0 kg)
South Africa (3.0 kg)

Source: IndexBox Market Intelligence Platform

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

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023