The forecast for the export of bitumen and asphalt, asphaltites, and asphaltic rocks from the US shows a steady upward trend from 2024 to 2028. The export volume is projected to increase from 480.54 million kilograms in 2024 to 529.06 million kilograms by 2028. Year-on-year variation percentages suggest a consistent growth rate: 2.6% from 2024 to 2025, 2.48% from 2025 to 2026, 2.38% from 2026 to 2027, and 2.27% from 2027 to 2028.
Over the last five years, the compound annual growth rate (CAGR) stands at approximately 2.43%, indicating a steady increase in export volumes. As of 2023, the actual export value was 468.96 million kilograms, which provided the baseline for projecting future growth.
Future trends to watch for:
- Global demand fluctuations due to economic factors and infrastructure projects.
- Technological advancements in production and transportation methods.
- Changes in trade policies or tariffs that could affect export volumes.
- Environmental regulations that may impact the production and use of bitumen and asphalt.