In 2024, Italy leads European countries in bitumen closing stock, amassing the highest quantity, albeit with a slight decline from 2023. Germany, although stable, and the United Kingdom, which showed modest growth, follow behind. France and Sweden each experienced a significant drop, whereas Austria saw an impressive surge. Greece and Spain displayed encouraging growth trends. Belgium and Denmark also showed positive increments, while Eastern European countries like Romania and Hungary demonstrated significant boosts. Conversely, Poland, Cyprus, and Lithuania faced notable declines. Overall, the bitumen market in Europe presented a mixed scenario with distinct regional variations.
Future trends to watch for include further growth potential in Southern and Eastern Europe, while traditionally larger economies like France, Sweden, and Italy may stabilize or experience mild fluctuations. The impact of emerging policies on road construction and infrastructure development will play a crucial role in bitumen demand across Europe.
Top countries in Bitumen Closing Stock by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 417.25 | 2023 | +10.26% | -1.63% | View data |
| 2 | 2 Germany | 208 | 2023 | +2.46% | +0.19% | View data |
| 3 | 3 United Kingdom | 97 | 2023 | -2.02% | +0.85% | View data |
| 4 | 4 France | 83.21 | 2023 | -3.6% | -5.6% | View data |
| 5 | 5 Greece | 78.97 | 2023 | +13.96% | +2.66% | View data |
| 6 | 6 Sweden | 61.33 | 2023 | +1.26% | -5.45% | View data |
| 7 | 7 Austria | 51.48 | 2023 | +17.85% | +50.43% | View data |
| 8 | 8 Spain | 42.5 | 2023 | +0.88% | +3.96% | View data |
| 9 | 9 Belgium | 30.8 | 2023 | -4.35% | +8.38% | View data |
| 10 | 10 Czech Republic | 20 | 2023 | 0% | -3.58% | View data |
