Press release
Bitumen Price Trend Analysis 2025 - Updates, News and Supply Outlook
Bitumen Prices
The price of Bitumen VG 10, a key material used extensively in road construction and waterproofing applications, has shown a consistent downward trend in the final quarter of 2024 compared to the same period in 2023. This decline reflects shifts in supply-demand dynamics and global economic factors impacting the petroleum derivatives market.
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In October 2024, the price of Bitumen VG 10 stood at USD 945 per metric ton (MT), marking an 8% year-on-year (YoY) decrease from USD 1025/MT in October 2023. The downward momentum continued in November 2024, with prices dropping further to USD 917/MT, a 10% YoY decline compared to USD 1015/MT in November 2023. By December 2024, Bitumen VG 10 prices were at USD 900/MT, down 9% YoY from USD 985/MT in December 2023.
This steady decrease is largely attributed to adjustments in supply and demand amid fluctuating crude oil prices and changes in infrastructure spending patterns. Additionally, shifts in global trade policies and inventory management by key suppliers have played a role in moderating prices.
Looking forward, Expert Market Research forecasts that Bitumen VG 10 prices in 2025 are expected to remain relatively stable, with slight declines possible. This outlook reflects a balance between ongoing infrastructure projects, especially road construction in developing countries, and cautious demand growth due to economic uncertainties. Moreover, potential improvements in supply chain efficiency could ease price volatility.
Overall, the Bitumen VG 10 market is anticipated to experience a phase of relative price stability in the near term. Stakeholders, including producers, traders, and end-users, will likely focus on optimizing supply chains and managing costs in response to the evolving market conditions.
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Global Bitumen VG 10 Market: Key Exporters, Importers, and Major Suppliers
The global Bitumen VG 10 market is supported by a diverse network of exporting and importing countries, along with leading suppliers that drive production and distribution worldwide. Bitumen VG 10 plays a crucial role in infrastructure, primarily in road construction and waterproofing applications.
Leading Exporting Countries
Canada is a prominent exporter of Bitumen VG 10, benefiting from its rich natural resources and advanced refining capabilities. Other significant exporters include Singapore, Iraq, South Korea, Greece, Germany, Turkey, and Spain. These countries leverage their strategic locations and refining industries to meet growing global demand, supplying key markets across continents.
Leading Importing Countries
The United States leads as a major importer, driven by its vast infrastructure and construction needs. China and India are also top importers, reflecting their rapid urbanization and expanding road networks. Other notable importers include Indonesia, Australia, France, United Kingdom, and Turkey, where domestic production does not fully satisfy consumption requirements, making imports essential.
Major Bitumen Suppliers
Several multinational corporations dominate the Bitumen VG 10 supply landscape. Shell Bitumen (Netherlands) and ExxonMobil (USA) are global leaders known for their high-quality products and extensive supply chains. Sinopec (China) serves as a major supplier in Asia, while Nynas AB (Sweden) provides specialized bitumen products with an emphasis on innovation and sustainability.
Other important players include Raha Bitumen (Iran), TotalEnergies (France), and Gazprom Neft (Russia), each contributing significantly to the global supply with their large refining capacities. SK Energy (South Korea) rounds out the list of key suppliers, actively serving markets in Asia and beyond.
Together, these exporters, importers, and suppliers form the backbone of the Bitumen VG 10 global market, supporting critical infrastructure projects and adapting to evolving market demands.
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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices
How Claight Corporation (Expert Market Research) Database Can Help
The latest report by Expert Market Research, "Bitumen Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for bitumen. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.
Drawing from in-depth research, the report analyses the primary factors influencing bitumen prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.
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Claight Corporation (Expert Market Research)
30 North Gould Street, Sheridan, WY 82801, USA
Email: sales@expertmarketresearch.com
Tel No: (D) +91-723-689-1189
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About Claight Corporation (Expert Market Research):
Expert Market Research is a leading provider of syndicated and custom market intelligence, supporting clients with strategic insights across a broad range of industries. The firm delivers end-to-end research services including demand-supply assessments, pricing and cost analysis (including regional spot prices), feasibility studies, regulatory mapping, and competitive benchmarking. Expert Market Research's geographic coverage spans Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. With a data-driven methodology and deep sectoral expertise, Expert Market Research enables clients to make informed decisions and capture growth opportunities in evolving global markets.
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