In 2023, international exports of asphalt totaled approximately US$1.44 billion, showing a 3.2% decline compared to the $1.48 billion registered in 2019.

On a year-over-year basis, global asphalt export values plummeted by 32.7% relative to 2022.

Asphalt is a primary material used in creating asphalt concrete for road construction. This concrete typically includes 5% asphalt cement and 95% aggregates such as gravel, sand, and crushed stone. Its durable and easily repairable nature also makes asphalt a favored choice for airport runway surfaces around the world.

The five top asphalt exporters in 2023—Japan, Canada, Germany, the United States, and Spain—accounted for 65.6% of the global total.

Regional Breakdown of Asphalt Exports

From a regional standpoint, Asia led the way in asphalt exports in 2023 with $668.1 million, equating to 47.5% of the global market. European nations came next with a 34% share, followed by North America with 14.8%.

Smaller contributions came from:

·Africa: 2.1%

·Latin America (excluding Mexico): 1.5%

·Oceania (mainly Australia, New Zealand, Papua New Guinea): 0.1%

Leading Asphalt Importers

In 2023, the top importers of asphalt were:

·Mainland China

·United States

·Malaysia

·Dominican Republic

·Chile

These five countries alone were responsible for a dominant 87.6% of global asphalt imports by dollar value, with China leading the pack by a substantial margin.

The data highlights a contrast: while over 100 countries export asphalt, the import market is more concentrated, with a smaller group—primarily led by China—absorbing the bulk of global demand.

Regionally, Asia consumed 84.4% of global asphalt imports, followed by:

·Europe: 6%

·Latin America (excluding Mexico): 4.1%

·North America: 3.5%

·Africa: 1.3%

·Oceania: 0.6% (led by New Zealand and Australia)

Top Asphalt Exporting Nations (2023)

The following countries exported the highest values of asphalt:

1.Japan: $578.7M (40.3%)

2.Canada: $131.2M (9.1%)

3.Germany: $83.9M (5.8%)

4.United States: $76.3M (5.3%)

5.Spain: $71.2M (5%)

6.Russia: $59.4M (4.1%)

7.Belgium: $50.6M (3.5%)

8.Netherlands: $37.6M (2.6%)

9.Austria: $33.8M (2.4%)

10.Poland: $27.5M (1.9%)

11.United Kingdom: $21.4M (1.5%)

12.South Africa: $21.1M (1.5%)

13.Thailand: $20.2M (1.4%)

14.France: $17.2M (1.2%)

15.Iran: $16.3M (1.1%)

Combined, these 15 nations were responsible for 86.8% of global asphalt exports.

Notable Trends in Export Performance

Among top performers, countries that experienced export growth since 2022 include:

·Austria (+23%)

·United Kingdom (+15.3%)

·South Africa (+7.6%)

·Iran (+5.7%)

In contrast, major declines were recorded by:

·Russia (-49%)

·Netherlands (-41%)

·USA (-39.2%)

·Japan (-32%)

·Germany (-20.2%)

Top Asphalt Importing Countries (2023)

Here are the 15 biggest asphalt import markets by value:

1.Mainland China: $5.3B (81.1%)

2.United States: $185.6M (2.8%)

3.Malaysia: $109.1M (1.7%)

4.Dominican Republic: $69.1M (1.1%)

5.Chile: $63.8M (1%)

6.Netherlands: $49.5M (0.8%)

7.Poland: $40.6M (0.6%)

8.United Kingdom: $40M (0.6%)

9.Canada: $39.2M (0.6%)

10.Panama: $34.3M (0.5%)

11.Bolivia: $32.4M (0.5%)

12.New Zealand: $32.4M (0.5%)

13.Austria: $31.5M (0.5%)

14.France: $30.7M (0.5%)

15.Brazil: $29.3M (0.4%)

Together, these importers represented 93% of global asphalt import volume in 2023.

Fastest-Growing Asphalt Importers Since 2022

·New Zealand (+93.2%)

·Brazil (+42.3%)

·Austria (+40.7%)

·Netherlands (+33.8%)

Countries with Declining Imports

·Chile (-56.5%)

·Mainland China (-30.6%)

·France (-25%)

·Dominican Republic (-20.5%)

·United States (-5.9%)

Top Asphalt Exports by Company in 2024

According to Tendata, a global trade intelligence platform, the following are notable companies actively involved in the export of asphalt:

1.АО НЗНП(52.09%, $230.16 Million)

2.CÔNG TY TNHH NHỰA ĐƯỜNG PETROLIMEX(6.67%, $29.45 Million)

3.AMMANN APOLLO INDIA PVT LTD(4.09%, $18.09 Million)

4.PERENCO GUATEMALA LIMITED(3.73%, $16.49 Million)

5.MARINI INDIA PVT LTD(2.97%, $13.11 Million)

6.QUIMI KAO SA CV(2.17%, $9.61 Million)

7.STG INFRASTRUCTURE PVT LTD(2%, $8.84 Million)

8.AMMANN MAKİNA İNŞAAT EMLAK MÜHENDİSLİK TİCARET VE SANAYİ ANONİM ŞİRKETİ(1.51%, $6.67 Million)

9.SİMGE MAK DIŞ TİCARET ANONİM ŞİRKETİ(1.31%, $5.81 Million)

10.PT COSMIC PETROLEUM NUSANTARA(1.22%, $5.37 Million)

Top Asphalt Imports by Company in 2024

According to Tendata, a global trade intelligence platform, the following are notable companies actively involved in the import of asphalt:

1.PT PERTAMINA PATRA NIAGA(10.21%, $160.66 Million)

2.CÔNG TY TNHH NHỰA ĐƯỜNG PETROLIMEX(5.87%, $92.36 Million)

3.CÔNG TY CỔ PHẦN THƯƠNG MẠI VÀ XUẤT NHẬP KHẨU VẬT TƯ GIAO THÔNG(4.65%, $73.19 Million)

4.GLOBAL GAS TRANS ENERJİ SANAYİ VE TİCARET ANONİM ŞİRKETİ(4.18%, $65.75 Million)

5.CÔNG TY TRÁCH NHIỆM HỮU HẠN CUNG ỨNG NHỰA ĐƯỜNG(4.1%, $64.55 Million)

6.CÔNG TY CỔ PHẦN ĐẦU TƯ XUẤT NHẬP KHẨU RED(3.85%, $60.56 Million)

7.PRODUCTOS BITUMINOSOS S A(3.16%, $49.77 Million)

8.CÔNG TY CỔ PHẦN VN ASPHALT(2.98%, $46.84 Million)

9.ERGON MEXICO S DE RL DE CV(1.79%, $28.25 Million)

10.FLUIDOS PENINSULARES SA DE CV(1.68%, $26.43 Million)

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