Asphalt or bitumen is an essential material used in the construction industry for various applications such as road surfacing, roofing, and waterproofing. The global market for asphalt or bitumen is growing rapidly, with several countries dominating the import market. According to data from IndexBox, the world’s top 10 countries by Import Value of Asphalt or Bitumen in 2023 are as follows:

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1. United States – 515.7 Million USD

The United States is the largest importer of asphalt or bitumen, with an import value of 515.7 million USD in 2023. The country’s strong infrastructure development and construction activities contribute to its high demand for this material.

2. Canada – 291.0 Million USD

Canada ranks second in the global import market for asphalt or bitumen, with an import value of 291.0 million USD in 2023. The country’s cold climate and extensive road network drive the demand for asphalt for road construction and maintenance.

3. Netherlands – 153.9 Million USD

The Netherlands is a major importer of asphalt or bitumen, with an import value of 153.9 million USD in 2023. The country’s strategic location and well-developed infrastructure make it a key player in the global asphalt market.

4. United Kingdom – 114.5 Million USD

The United Kingdom is a significant importer of asphalt or bitumen, with an import value of 114.5 million USD in 2023. The country’s ongoing construction projects and road maintenance activities drive the demand for this material.

5. Czech Republic – 62.4 Million USD

The Czech Republic is a growing market for asphalt or bitumen, with an import value of 62.4 million USD in 2023. The country’s expanding infrastructure and construction sector are driving the demand for this material.

6. France – 61.4 Million USD

France is a significant importer of asphalt or bitumen, with an import value of 61.4 million USD in 2023. The country’s extensive road network and construction activities fuel the demand for this material.

7. Sweden – 52.3 Million USD

Sweden is a key player in the global asphalt market, with an import value of 52.3 million USD in 2023. The country’s focus on sustainable development and infrastructure projects contribute to its high demand for asphalt or bitumen.

8. Belgium – 51.0 Million USD

Belgium is a prominent importer of asphalt or bitumen, with an import value of 51.0 million USD in 2023. The country’s strategic location and active construction sector drive the demand for this material.

9. Germany – 49.5 Million USD

Germany is a significant market for asphalt or bitumen, with an import value of 49.5 million USD in 2023. The country’s robust infrastructure and construction activities contribute to its high demand for this material.

10. Kazakhstan – 34.1 Million USD

Kazakhstan is an emerging market for asphalt or bitumen, with an import value of 34.1 million USD in 2023. The country’s focus on infrastructure development and road construction projects drive the demand for this material.

Overall, the global market for asphalt or bitumen is expected to continue growing, with these top import markets playing a significant role in driving demand and shaping the industry’s future. Businesses and investors looking to enter the asphalt market should closely monitor these key import markets to identify opportunities for growth and expansion.

Source: IndexBox Market Intelligence Platform