In 2023, the import of asphalt or similar material articles in rolls to the US stood at approximately 156 million kilograms. The forecasted figures for the years 2024 to 2028 suggest a steady annual increase, with values projected at 159.17, 162.28, 165.33, 168.32, and 171.24 million kilograms respectively. This indicates a consistent year-on-year growth of around 1.9% to 2.0%. Over a five-year span, the compound annual growth rate (CAGR) is estimated at approximately 1.9%, reflecting a stable rising trend in import volume.
Future trends to watch include:
- Changes in international trade policies or tariffs affecting import costs and volumes.
- Technological advancements in asphalt production potentially impacting local vs. imported product demand.
- Environmental regulations influencing the composition and sourcing of asphalt materials.
