The import of petroleum bitumen to the US is forecasted to increase steadily from 3.9879 billion kilograms in 2024 to 4.4452 billion kilograms in 2028. In 2023, the actual import volume was lower, indicating a growth trend. Forecasted year-on-year growth rates reflect modest but consistent increases in import volumes, suggesting a stable demand.
Key future trends to watch for include:
-Technology advancements and sustainability practices could influence bitumen import levels.
-Infrastructure developments may lead to increased bitumen demand in construction and road paving.
-Regulatory changes and energy transition initiatives will likely impact import dynamics.
