Feb 25, 2026
IndexBox has just published a new report: United Kingdom – Asphalt or Bitumen Articles – Market Analysis, Forecast, Size, Trends And Insights.
This article provides a comprehensive analysis of the United Kingdom’s market for asphalt or bitumen articles in 2024, with a forecast to 2035. It details that consumption rose to 136K tons in 2024, while domestic production fell to 40K tons, creating significant reliance on imports (101K tons). The market is forecast to grow at a CAGR of +2.9% in volume and +4.4% in value, reaching 186K tons and $342M by 2035. Key trade dynamics are explored, with Italy, Germany, and France being the leading import sources, and Ireland as the primary export destination. The report also examines price trends for both imports and exports.
Key Findings
UK market forecast to grow at +2.9% volume CAGR, reaching 186K tons by 2035Market heavily import-dependent, with 2024 imports of 101K tons vastly exceeding domestic production of 40K tonsItaly, Germany, and France are the dominant import suppliers, together accounting for 62% of import volumeIreland is the primary export destination, receiving 46% of UK’s total export volumeSignificant price disparity exists, with Czech imports at $6,075/ton versus Portuguese at $720/tonMarket Forecast
Driven by rising demand for asphalt or bitumen article in the UK, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.9% for the period from 2024 to 2035, which is projected to bring the market volume to 186K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.4% for the period from 2024 to 2035, which is projected to bring the market value to $342M (in nominal wholesale prices) by the end of 2035.
ConsumptionUnited Kingdom’s Consumption of Asphalt or Bitumen Articles
In 2024, consumption of asphalt or bitumen articles increased by 11% to 136K tons, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a slight contraction. As a result, consumption attained the peak volume of 241K tons. From 2015 to 2024, the growth of the consumption remained at a lower figure.
The size of the asphalt or bitumen article market in the UK rose slightly to $212M in 2024, picking up by 3.9% 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $340M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.
ProductionUnited Kingdom’s Production of Asphalt or Bitumen Articles
In 2024, approx. 40K tons of asphalt or bitumen articles were produced in the UK; shrinking by -2.1% against 2023. In general, production saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 79% against the previous year. As a result, production attained the peak volume of 146K tons. From 2015 to 2024, production growth failed to regain momentum.
In value terms, asphalt or bitumen article production declined to $94M in 2024 estimated in export price. Overall, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 66% against the previous year. As a result, production attained the peak level of $251M. From 2015 to 2024, production growth remained at a lower figure.
ImportsUnited Kingdom’s Imports of Asphalt or Bitumen Articles
In 2024, supplies from abroad of asphalt or bitumen articles increased by 17% to 101K tons for the first time since 2019, thus ending a four-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Over the period under review, imports hit record highs at 169K tons in 2019; however, from 2020 to 2024, imports remained at a lower figure.
In value terms, asphalt or bitumen article imports amounted to $131M in 2024. The total import value increased at an average annual rate of +2.5% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 17% against the previous year. Imports peaked in 2024 and are likely to see gradual growth in the near future.
Imports By Country
Italy (32K tons), Germany (21K tons) and France (9.5K tons) were the main suppliers of asphalt or bitumen article imports to the UK, together comprising 62% of total imports. Poland, Belgium, Portugal, Turkey, Spain, Slovakia, the Netherlands and the Czech Republic lagged somewhat behind, together comprising a further 29%.
From 2013 to 2024, the biggest increases were recorded for Portugal (with a CAGR of +234.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Italy ($41M), Germany ($35M) and France ($14M) were the largest asphalt or bitumen article suppliers to the UK, together comprising 69% of total imports. Poland, Belgium, Portugal, Turkey, Spain, the Netherlands, Slovakia and the Czech Republic lagged somewhat behind, together accounting for a further 24%.
In terms of the main suppliers, Portugal, with a CAGR of +165.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices By Country
The average asphalt or bitumen article import price stood at $1,291 per ton in 2024, with a decrease of -2.4% against the previous year. In general, import price indicated a modest increase from 2013 to 2024: its price increased at an average annual rate of +1.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, asphalt or bitumen article import price increased by +81.0% against 2019 indices. The pace of growth was the most pronounced in 2022 an increase of 26% against the previous year. The import price peaked at $1,324 per ton in 2023, and then reduced modestly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was the Czech Republic ($6,075 per ton), while the price for Portugal ($720 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
ExportsUnited Kingdom’s Exports of Asphalt or Bitumen Articles
In 2024, overseas shipments of asphalt or bitumen articles increased by 2.7% to 4.9K tons for the first time since 2019, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 26% against the previous year. Over the period under review, the exports reached the peak figure at 12K tons in 2014; however, from 2015 to 2024, the exports remained at a lower figure.
In value terms, asphalt or bitumen article exports shrank slightly to $12M in 2024. Overall, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 when exports increased by 27%. The exports peaked at $20M in 2014; however, from 2015 to 2024, the exports stood at a somewhat lower figure.
Exports By Country
Ireland (2.3K tons) was the main destination for asphalt or bitumen article exports from the UK, with a 46% share of total exports. Moreover, asphalt or bitumen article exports to Ireland exceeded the volume sent to the second major destination, South Korea (390 tons), sixfold. The third position in this ranking was taken by France (317 tons), with a 6.4% share.
From 2013 to 2024, the average annual growth rate of volume to Ireland amounted to -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+38.6% per year) and France (-8.6% per year).
In value terms, Ireland ($5.1M) remains the key foreign market for asphalt or bitumen articles exports from the UK, comprising 42% of total exports. The second position in the ranking was held by South Korea ($570K), with a 4.7% share of total exports. It was followed by France, with a 3.9% share.
From 2013 to 2024, the average annual growth rate of value to Ireland stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+34.8% per year) and France (-6.5% per year).
Export Prices By Country
In 2024, the average asphalt or bitumen article export price amounted to $2,444 per ton, declining by -7.5% against the previous year. Over the period under review, export price indicated a tangible increase from 2013 to 2024: its price increased at an average annual rate of +2.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, asphalt or bitumen article export price increased by +59.6% against 2020 indices. The most prominent rate of growth was recorded in 2023 when the average export price increased by 30%. As a result, the export price attained the peak level of $2,643 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($6,084 per ton), while the average price for exports to Ghana ($1,304 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform
This report provides a comprehensive view of the asphalt or bitumen articles industry in the United Kingdom, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the asphalt or bitumen articles landscape in the United Kingdom.
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Key findings
Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for the United Kingdom. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverageProdcom 23991255 – Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rollsProdcom 23991290 – Products based on bitumen (excluding in rolls)Country coverageCountry profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for the United Kingdom. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links asphalt or bitumen articles demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in the United Kingdom.
Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report
Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of asphalt or bitumen articles dynamics in the United Kingdom.
FAQ
What is included in the asphalt or bitumen articles market in the United Kingdom?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for the United Kingdom.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.