Best Import Market for Bitumen or Asphalt

Bitumen or bitumen is an important material used in the construction industry for various purposes such as road paving, roofing and waterproofing. The global bitumen or bitumen market is growing rapidly, with several countries dominating the import market. According to IndexBox, the world’s top 10 countries by bitumen or bitumen import value in 2023 are as follows:

Also Read: Major Import Markets for Petroleum Bitumen

1. United States – $515.7 million

The United States is the largest importer of asphalt, with imports valued at $515.7 million in 2023. Strong infrastructure development and construction activities in the country have led to high demand for the material.

2. Canada – $291 million

Canada is the second largest asphalt import market in the world, with imports of $291 million in 2023. The country’s cold climate and extensive highway network drive demand for asphalt for road construction and maintenance.

3. Netherlands – $153.9 million

The Netherlands is a major importer of bitumen, with imports valued at USD 153.9 million in 2023. The country’s strategic location and well-developed infrastructure make it a key player in the global bitumen market.

4. United Kingdom – $114.5 million

The United Kingdom is a significant importer of bitumen, with imports valued at $114.5 million in 2023. The ongoing construction projects and road maintenance activities in the country are driving the demand for the material.

5. Czech Republic – $62.4 million

The Czech Republic is a growing market for asphalt, with imports valued at $62.4 million in 2023. The country’s expanding infrastructure and construction sectors are driving demand for the material.

6. France – $61.4 million

France is a significant importer of bitumen, with imports valued at $61.4 million in 2023. The country’s extensive road network and construction activities have fueled demand for the material.

7. Sweden – $52.3 million

Sweden is a major player in the global bitumen market with imports valued at USD 52.3 million in 2023. The country’s focus on sustainable development and infrastructure projects has led to a high demand for bitumen.

8. Belgium – $51 million

Belgium is a major importer of bitumen, with imports valued at $51 million in 2023. The country’s strategic location and active construction industry drive demand for the material.

9. Germany – $49.5 million

Germany is an important market for bitumen, with imports valued at $49.5 million in 2023. Strong infrastructure and construction activities in the country have led to high demand for the material.

10. Kazakhstan – $34.1 million

Kazakhstan is an emerging market for bitumen, with imports valued at $34.1 million in 2023. The country’s focus on infrastructure development and road construction projects is driving demand for the material.

Overall, the global asphalt market is expected to continue to grow, and these major import markets play an important role in driving demand and shaping the future of the industry. Businesses and investors looking to enter the asphalt market should pay close attention to these major import markets for opportunities for growth and expansion.

Source: IndexBox Market Intelligence Platform