EU: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in the EU

In 2022, the EU petroleum bitumen market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Petroleum Bitumen Production in the EU

In value terms, petroleum bitumen production dropped to $X in 2022 estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Petroleum Bitumen Exports

Exports in the EU

In 2022, shipments abroad of petroleum bitumen decreased by X% to X tons, falling for the second year in a row after five years of growth. The total export 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 pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, petroleum bitumen exports expanded notably to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X tons), Greece (X tons), Italy (X tons), Spain (X tons) and the Netherlands (X tons) represented the largest exporter of petroleum bitumen in the European Union, comprising X% of total export. It was distantly followed by France (X tons), creating a X% share of total exports. Hungary (X tons), Poland (X tons), the Czech Republic (X tons), Sweden (X tons), Belgium (X tons), Lithuania (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Greece, the Netherlands, France, Hungary, Poland, the Czech Republic, Sweden, Belgium, Lithuania and Slovakia lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Czech Republic ($X per ton) and Poland ($X per ton), while Greece ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Petroleum Bitumen Imports

Imports in the EU

In 2022, imports of petroleum bitumen in the European Union fell to X tons, with a decrease of X% against the year before. 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 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, petroleum bitumen imports rose rapidly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons) and Belgium (X tons) represented the major importers of petroleum bitumen in 2022, resulting at approx. X% and X% of total imports, respectively. Romania (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (X%), Austria (X%) and Spain (X%). The Netherlands (X tons), Hungary (X tons), Finland (X tons), Poland (X tons), Ireland (X tons), the Czech Republic (X tons) and Portugal (X tons) followed a long way behind the leaders.

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

In value terms, France ($X), Belgium ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Sweden, Austria, Finland, Spain, Hungary, the Netherlands, Poland, Ireland, the Czech Republic and Portugal lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a perceptible decline. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Finland ($X per ton) and Austria ($X per ton), while Spain ($X per ton) and Belgium ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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