Portugal: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Portugal

The Portuguese asphalt or bitumen article market skyrocketed to $X in 2023, with an increase of X% against the previous year. In general, consumption enjoyed a resilient expansion. Asphalt or bitumen article consumption peaked in 2023 and is expected to retain growth in the near future.

Production of Asphalt or Bitumen Articles in Portugal

In value terms, asphalt or bitumen article production rose markedly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Asphalt or bitumen article production peaked in 2023 and is likely to see steady growth in the immediate term.

Exports of Asphalt or Bitumen Articles

Exports from Portugal

In 2023, the amount of asphalt or bitumen articles exported from Portugal contracted notably to X tons, falling by X% against the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, asphalt or bitumen article exports contracted dramatically to $X in 2023. Over the period under review, total exports indicated moderate growth from 2012 to 2023: its value 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. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Spain (X tons) and Morocco (X tons) were the main destinations of asphalt or bitumen article exports from Portugal, together comprising X% of total exports.

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

In value terms, the UK ($X), Spain ($X) and Morocco ($X) were the largest markets for asphalt or bitumen article exported from Portugal worldwide, together accounting for X% of total exports.

Morocco, with a CAGR of X%, recorded 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 asphalt or bitumen article export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2023: its price 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, asphalt or bitumen article export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

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

Imports of Asphalt or Bitumen Articles

Imports into Portugal

In 2023, approx. X tons of asphalt or bitumen articles were imported into Portugal; with an increase of X% on the year before. Over the period under review, imports, however, showed a mild slump. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, asphalt or bitumen article imports surged to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Spain (X tons) constituted the largest supplier of asphalt or bitumen article to Portugal, with a X% share of total imports. Moreover, asphalt or bitumen article imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

In value terms, Spain ($X) constituted the largest supplier of asphalt or bitumen articles to Portugal, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average asphalt or bitumen article import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform