Market for Natural Bitumen and Asphalt in Japan
Market Overview
The Japanese natural bitumen and asphalt market rose markedly to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a mild slump. Natural bitumen and asphalt consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a mild slump. Natural bitumen and asphalt consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.Consumption
Natural bitumen and asphalt consumption in Japan expanded rapidly to tons in , with an increase of % compared with . Overall, consumption, however, showed a pronounced downturn. Natural bitumen and asphalt consumption peaked at tons in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
The value of the natural bitumen and asphalt market in Japan rose notably to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a slight slump. Natural bitumen and asphalt consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
tons in , with an increase of % compared with . Overall, consumption, however, showed a pronounced downturn. Natural bitumen and asphalt consumption peaked at tons in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.The value of the natural bitumen and asphalt market in Japan rose notably to $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a slight slump. Natural bitumen and asphalt consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for natural bitumen and asphalt in Japan, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Natural bitumen and asphalt market in Japan consists almost entirely of imported products.
Trade Balance
Japan remains a net importer of natural bitumen and asphalt; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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