The import of natural bitumen and asphalt to the UAE stood at 12.10 million US dollars in 2023. Forecasted data for 2024 to 2028 displays a very gradual increase in import value, starting from 12.14 million US dollars in 2024 and reaching 12.217 million US dollars by 2028. The year-on-year variation is minimal, with less than a 0.2% increase each year. This stable growth portrays a consistent demand for natural bitumen and asphalt in the UAE, reflecting a steady construction and infrastructure sector.
Over the last two years, the increase in import value from 2023 to 2024 was 0.33%, and from 2024 to 2025 was 0.17%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 0.2%. This very slight upward trend indicates stable market conditions with no significant shifts in demand or supply expected.
Future trends to watch for include any major construction and infrastructure projects initiated by the UAE government, fluctuations in global oil prices which can affect asphalt production costs, and potential advancements in alternative materials for road construction that might influence import volumes. Monitoring these factors will provide better insights into the future trajectory of natural bitumen and asphalt imports.
