Spain - Petroleum Bitumen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum Bitumen Price in Spain - 2023
Contents:
- Petroleum Bitumen Price in Spain (FOB) - 2023
- Petroleum Bitumen Price in Spain (CIF) - 2023
- Petroleum Bitumen Exports in Spain
- Petroleum Bitumen Imports in Spain
Petroleum Bitumen Price in Spain (FOB) - 2023
The average petroleum bitumen export price stood at $550 per ton in August 2023, growing by 5.7% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices hit record highs in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($678 per ton), while the average price for exports to Germany ($446 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Petroleum Bitumen Price in Spain (CIF) - 2023
In August 2023, the average petroleum bitumen import price amounted to $532 per ton, growing by 68% against the previous month. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Greece ($546 per ton), while the price for Portugal ($326 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum Bitumen Exports in Spain
In 2022, approx. 1.1M tons of petroleum bitumen were exported from Spain; which is down by -31.8% compared with the previous year's figure. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 1.9% against the previous year.
In value terms, petroleum bitumen exports declined to $603M in 2022. Overall, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year.
| Export of Petroleum Bitumen in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 163 | 115 | 172 | 165 | 0.4% |
| Morocco | 97.4 | 72.0 | 111 | 103 | 1.9% |
| Portugal | 46.4 | 40.3 | 109 | 95.4 | 27.2% |
| United States | 76.1 | 30.6 | 42.3 | 28.1 | -28.3% |
| United Kingdom | 31.5 | 41.7 | 3.6 | 26.6 | -5.5% |
| Algeria | 119 | 76.6 | 70.7 | 26.4 | -39.5% |
| Chile | N/A | 13.1 | 4.6 | 25.0 | 38.1% |
| Finland | N/A | 5.5 | N/A | 19.5 | 88.3% |
| Belgium | 2.2 | 2.8 | 1.0 | 16.9 | 97.3% |
| Uruguay | N/A | N/A | N/A | 15.5 | 0% |
| Argentina | 12.1 | N/A | N/A | 15.5 | 8.6% |
| Togo | 38.1 | N/A | 27.4 | N/A | -15.2% |
| Others | 81.0 | 56.3 | 119 | 66.5 | -6.4% |
| Total | 667 | 454 | 661 | 603 | -3.3% |
Top Export Markets for Petroleum Bitumen from Spain in 2022:
- France (281.2K tons)
- Morocco (217.7K tons)
- Portugal (181.6K tons)
- United States (59.5K tons)
- Algeria (49.5K tons)
- United Kingdom (45.4K tons)
- Chile (34.2K tons)
- Belgium (32.4K tons)
- Finland (26.8K tons)
- Uruguay (23.7K tons)
- Argentina (22.7K tons)
Petroleum Bitumen Imports in Spain
In 2022, the amount of petroleum bitumen imported into Spain skyrocketed to 300K tons, picking up by 32% compared with 2021. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, petroleum bitumen imports surged to $143M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Bitumen in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 26.3 | 28.2 | 35.3 | 81.3 | 45.7% |
| France | 2.1 | 2.6 | 10.9 | 19.0 | 108.4% |
| Netherlands | 6.9 | 8.9 | 8.3 | 10.0 | 13.2% |
| Portugal | 16.8 | 8.0 | 9.8 | 9.5 | -17.3% |
| Turkey | 17.2 | 5.9 | 16.7 | 9.3 | -18.5% |
| Greece | N/A | 17.3 | 3.0 | 6.2 | -40.1% |
| United States | N/A | N/A | N/A | 4.9 | 0% |
| Belgium | N/A | 4.3 | 4.4 | 3.1 | -15.1% |
| Lithuania | 1.0 | N/A | N/A | N/A | 0% |
| Others | 8.9 | 1.2 | 3.0 | 0.1 | -77.6% |
| Total | 79.2 | 76.6 | 91.3 | 143 | 21.8% |
Top Suppliers of Petroleum Bitumen to Spain in 2022:
- Italy (156.0K tons)
- France (42.9K tons)
- United States (29.9K tons)
- Netherlands (20.2K tons)
- Turkey (16.4K tons)
- Greece (14.9K tons)
- Portugal (14.8K tons)
- Belgium (4.9K tons)
This report provides an in-depth analysis of the petroleum bitumen market in Spain. 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:
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- 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
-
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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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