Report Update: May 1, 2024

Luxembourg - Asphalt or Bitumen Articles - Market Analysis, Forecast, Size, Trends And Insights

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Price for Asphalt or Bitumen Article in Luxembourg - 2023

Price for Asphalt or Bitumen Article in Luxembourg (CIF) - 2023

The average asphalt or bitumen article import price stood at $472 per ton in June 2023, growing by 2.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 23% against the previous month. The import price peaked at $514 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($564 per ton), while the price for Germany totaled $285 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.8%).

Price for Asphalt or Bitumen Article in Luxembourg (FOB) - 2023

In June 2023, the average asphalt or bitumen article export price amounted to $1,241 per ton, growing by 117% against the previous month. In general, the export price continues to indicate 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.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Belgium ($2,108 per ton), while the average price for exports to France ($558 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Asphalt or Bitumen Article in Luxembourg

In 2022, approx. 30K tons of asphalt or bitumen articles were imported into Luxembourg; with an increase of 84% on the previous year's figure. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, asphalt or bitumen article imports soared to $14M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Asphalt or Bitumen Article in Luxembourg (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	5.8	7.0	6.8	11.1	24.2%
Germany	2.0	1.5	1.4	2.0	0.0%
Italy	0.5	0.2	0.1	0.4	-7.2%
France	0.2	0.1	0.6	0.4	26.0%
Netherlands	0.3	0.3	0.3	0.2	-12.6%
Others	0.2	0.1	N/A	0.1	-20.6%
Total	8.9	9.3	9.2	14.2	16.9%

Top Suppliers of Asphalt or Bitumen Article to Luxembourg in 2022:

Belgium (20.8K tons)
Germany (7.4K tons)
Italy (0.7K tons)
France (0.6K tons)
Netherlands (0.4K tons)

Exports of Asphalt or Bitumen Article in Luxembourg

In 2022, after three years of growth, there was significant decline in shipments abroad of asphalt or bitumen articles, when their volume decreased by -51.9% to 574 tons. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 18%.

In value terms, asphalt or bitumen article exports contracted sharply to $457K in 2022. Over the period under review, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, the exports attained the peak of $1M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Asphalt or Bitumen Article in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	405	444	162	212	-19.4%
France	298	555	799	172	-16.7%
Germany	23.0	33.8	10.2	73.1	47.0%
Italy	191	N/A	N/A	N/A	0%
Others	5.8	10.7	N/A	N/A	84.5%
Total	923	1,043	971	457	-20.9%

Top Export Markets for Asphalt or Bitumen Article from Luxembourg in 2022:

Belgium (314.2 tons)
France (176.2 tons)
Germany (83.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for asphalt or bitumen article in Luxembourg. 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 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls
Prodcom 23991290 - Products based on bitumen (excluding in rolls)

Country coverage:

Luxembourg

Data coverage:

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