Russian Federation: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in the Russian Federation

The Russian asphalt or bitumen article market shrank sharply to $X in 2023, dropping by X% against the previous year. Over the period under review, consumption saw a deep setback. Asphalt or bitumen article consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Asphalt or Bitumen Articles in the Russian Federation

In value terms, asphalt or bitumen article production fell to $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Asphalt or Bitumen Articles

Exports from the Russian Federation

In 2023, approx. X tons of asphalt or bitumen articles were exported from Russia; rising by X% on 2022. In general, total exports indicated a tangible increase 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. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, asphalt or bitumen article exports soared 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. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for asphalt or bitumen article exports from Russia, accounting for a X% share of total exports. Moreover, asphalt or bitumen article exports to Kazakhstan exceeded the volume sent to the second major destination, Georgia (X tons), fourfold. The third position in this ranking was held by Azerbaijan (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Azerbaijan (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for asphalt or bitumen articles exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Georgia ($X), with a X% share of total exports. It was followed by Azerbaijan, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The average asphalt or bitumen article export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Azerbaijan ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into the Russian Federation

In 2023, imports of asphalt or bitumen articles into Russia skyrocketed to X tons, with an increase of X% compared with 2022 figures. Overall, imports, however, saw a abrupt decline. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, asphalt or bitumen article imports soared to $X in 2023. In general, imports, however, recorded a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Turkey (X tons) constituted the largest asphalt or bitumen article supplier to Russia, with a X% share of total imports. Moreover, asphalt or bitumen article imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Kazakhstan (X tons), with an X% share.

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

In value terms, Turkey ($X) constituted the largest supplier of asphalt or bitumen articles to Russia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average asphalt or bitumen article import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price saw a mild downturn. The pace of growth appeared the most rapid in 2022 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 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 Kazakhstan ($X per ton) and Turkey ($X per ton), while the price for the United States ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform