Asphalt Prices, Chart, News, Analysis and Demand

The latest report by IMARC Group, titled “Asphalt Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Asphalt Prices. This report delves into the Price of Asphalt globally, presenting a detailed analysis, along with the Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this Asphalt Prices report an invaluable resource for industry stakeholders.

Asphalt Prices Last Quarter: 

• United States: 768 USD/MT
• Germany: 698 USD/MT

Report Offering: 

• Monthly Updates: Annual Subscription
• Quarterly Updates: Annual Subscription
• Biannually Updates: Annual Subscription

The study delves into the factors affecting Asphalt price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the industry, equipping stakeholders with the latest information on industry fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/asphalt-pricing-report/requestsample

Asphalt Price Trends in the Last Quarter

Asphalt, a sticky, black, and highly viscous liquid, or semi-solid form of petroleum, is primarily used in road construction and maintenance. It is also utilized in roofing, waterproofing, and other industrial applications. The global asphalt market is driven by several key factors and emerging trends. The primary driver is the increasing demand for infrastructure development, particularly in developing countries, where urbanization and industrialization are accelerating the need for road construction and maintenance. Government investments in transportation infrastructure and initiatives to improve road connectivity further bolster market growth. Additionally, the rising demand for asphalt shingles in the roofing industry contributes significantly to the market. Technological advancements, such as the development of bio-based and recycled asphalt materials, are gaining traction, driven by environmental concerns and stringent regulations aimed at reducing carbon footprints. Moreover, the shift towards sustainable construction practices and green building certifications is encouraging the adoption of eco-friendly asphalt products. Fluctuations in crude oil prices also impact the market, as asphalt is a petroleum derivative, highlighting the interconnectedness of the global oil market.

Asphalt Price Trend in North America

North America mirrored these patterns, with firmer prices initially, followed by a downturn in the face of Red Sea disruptions and increased dependence on domestic consumption. Overall, mixed sentiments prevailed across all regions, with asphalt prices fluctuating in response to changes in crude oil supplies and geopolitical factors, illustrating the interconnectedness of petroleum derivatives with global oil markets.

Asphalt Price Trend in the Asia Pacific Region

In the last quarter, Asia experienced a surge in asphalt prices in the third quarter due to OPEC+ oil export restrictions and the cessation of Russian oil imports by India and China. However, prices reversed in the fourth quarter due to excessive inventories and subdued demand. Similarly, the European market saw positive trends in the third quarter driven by global oil price surges, but prices declined in the fourth quarter amid decreased demand. 

Regional Price Analysis: 

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

About Us: 

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.

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