Market for Natural Bitumen and Asphalt in Egypt
Market Overview
The Egyptian natural bitumen and asphalt market fell modestly to $
in , which is down 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, enjoyed prominent growth. Natural bitumen and asphalt consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.
In value terms, natural bitumen and asphalt production reduced to $ in estimated in export price. Overall, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2019; however, from to , production stood at a somewhat lower figure.
in , which is down 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, enjoyed prominent growth. Natural bitumen and asphalt consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.In value terms, natural bitumen and asphalt production reduced to $
in estimated in export price. Overall, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2019; however, from to , production stood at a somewhat lower figure.Consumption
In , natural bitumen and asphalt consumption in Egypt declined slightly to tons, therefore, remained relatively stable against . Over the period under review, consumption, however, posted strong growth. Natural bitumen and asphalt consumption peaked at tons in 2019; however, from to , consumption remained at a lower figure.
The revenue of the natural bitumen and asphalt market in Egypt shrank to $ in , falling 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, enjoyed resilient growth. Natural bitumen and asphalt consumption peaked at $ in 2019; however, from to , consumption failed to regain momentum.
, natural bitumen and asphalt consumption in Egypt declined slightly to tons, therefore, remained relatively stable against . Over the period under review, consumption, however, posted strong growth. Natural bitumen and asphalt consumption peaked at tons in 2019; however, from to , consumption remained at a lower figure.The revenue of the natural bitumen and asphalt market in Egypt shrank to $
in , falling 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, enjoyed resilient growth. Natural bitumen and asphalt consumption peaked at $ in 2019; however, from to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for natural bitumen and asphalt in Egypt, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Over the period under review, imports of natural bitumen and asphalt in Egypt were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for natural bitumen and asphalt.
Trade Balance
Egypt 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 trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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