SADC: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in SADC

The SADC natural bitumen and asphalt market shrank to $X in 2022, which is down by X% against the previous year. In general, consumption, however, recorded a buoyant increase. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Natural Bitumen and Asphalt in SADC

In value terms, natural bitumen and asphalt production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Natural Bitumen and Asphalt

Exports in SADC

In 2022, natural bitumen and asphalt exports in SADC dropped to X tons, which is down by X% compared with the year before. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, natural bitumen and asphalt exports soared to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. The following exporters - Tanzania (X tons), Swaziland (X tons) and Mauritius (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to natural bitumen and asphalt exports from South Africa stood at X%. At the same time, Mauritius (X%), Swaziland (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Swaziland, Tanzania and Mauritius increased by X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest natural bitumen and asphalt supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Swaziland (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, rising by X% against the previous year. Overall, the export price recorded a perceptible increase. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

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

Imports of Natural Bitumen and Asphalt

Imports in SADC

In 2022, approx. X tons of natural bitumen and asphalt were imported in SADC; surging by X% compared with 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, natural bitumen and asphalt imports surged to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Zimbabwe (X tons), distantly followed by Angola (X tons), South Africa (X tons), Democratic Republic of the Congo (X tons), Botswana (X tons) and Mauritius (X tons) represented the major importers of natural bitumen and asphalt, together comprising X% of total imports. Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Zimbabwe (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X) constitutes the largest market for imported natural bitumen and asphalt in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with an X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Zimbabwe totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, increasing by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural bitumen and asphalt import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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