Market for Natural Bitumen and Asphalt in Brazil
Market Overview
The Brazilian natural bitumen and asphalt market soared 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). Overall, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
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). Overall, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of natural bitumen and asphalt in Brazil surged to tons, increasing by % compared with the previous year's figure. Overall, consumption, however, continues to indicate a pronounced descent. Natural bitumen and asphalt consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The revenue of the natural bitumen and asphalt market in Brazil soared 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 perceptible decline. Natural bitumen and asphalt consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
, consumption of natural bitumen and asphalt in Brazil surged to tons, increasing by % compared with the previous year's figure. Overall, consumption, however, continues to indicate a pronounced descent. Natural bitumen and asphalt consumption peaked at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The revenue of the natural bitumen and asphalt market in Brazil soared 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 perceptible decline. Natural bitumen and asphalt consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for natural bitumen and asphalt in Brazil, the market is expected to continue its downward consumption trend over the next eight-year period. 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 Brazil consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Brazil relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Brazil 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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