Germany: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in Germany

In 2023, the German petroleum bitumen market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, showed a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Petroleum Bitumen Production in Germany

In value terms, petroleum bitumen production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Petroleum bitumen production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Petroleum Bitumen Exports

Exports from Germany

In 2023, approx. X tons of petroleum bitumen were exported from Germany; declining by X% against 2022. Over the period under review, total exports indicated a modest expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, petroleum bitumen exports contracted notably to $X in 2023. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then shrank significantly in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and Poland (X tons) were the main destinations of petroleum bitumen exports from Germany, together comprising X% of total exports. Switzerland, the Czech Republic, Belgium, Sweden, Austria, Denmark and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for petroleum bitumen exported from Germany were the Netherlands ($X), France ($X) and Poland ($X), together accounting for X% of total exports. Switzerland, the Czech Republic, Belgium, Sweden, Denmark, Austria and the UK lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average petroleum bitumen export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Denmark ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced a decline.

Petroleum Bitumen Imports

Imports into Germany

In 2023, after three years of decline, there was significant growth in purchases abroad of petroleum bitumen, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a noticeable decrease. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, petroleum bitumen imports soared to $X in 2023. Over the period under review, imports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of petroleum bitumen imports to Germany, together accounting for X% of total imports. Poland, Switzerland and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum bitumen suppliers to Germany were the Czech Republic ($X), the Netherlands ($X) and Belgium ($X), with a combined X% share of total imports. Poland, Switzerland and Spain lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average petroleum bitumen import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Switzerland ($X per ton) and Spain ($X per ton), while the price for Belgium ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform