Asphalt Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Asphalt Price Trend, Index and Forecast
Track the latest insights on asphalt price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.
Asphalt Prices Outlook Q1 2025
- USA: US$ 570/MT
- China: US$ 503/MT
- Germany: US$ 658/MT
- India: US$ 515/MT
- Europe: US$ 460/MT
Asphalt Price Chart
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During the first quarter of 2025, the asphalt prices in the USA reached 570 USD/MT in March. As per the asphalt price chart, a reduction in crude oil prices eased production costs, while increased refinery output and the resumption of production at key facilities contributed to a more balanced supply-demand dynamic. Additionally, the Federal Highway Administration's escalation factors indicated a slight decrease in asphalt prices, aligning with the broader market trend.
During the first quarter of 2025, the asphalt prices in China reached 503 USD/MT in March. China's producer prices fell sharply, impacting various materials, including those used in asphalt production. This decline was driven by weakening domestic demand and rising external risks, particularly from escalating trade tensions with the U.S.
During the first quarter of 2025, the asphalt prices in Germany reached 658 USD/MT in March. Fluctuations in oil prices, including crude oil and bitumen, directly impacted asphalt production costs and prices. Besides, changes in demand for asphalt, driven by construction activities, also affected prices.
During the first quarter of 2025, the asphalt prices in India reached 515 USD/MT in March. Asphalt prices in India were fluctuating due to a mix of factors. Increased demand for asphalt due to infrastructure projects and smart city initiatives influenced prices. At the same time, factors like rising bitumen prices and logistical issues in the Middle East, a major supplier of bitumen, also contributed to price volatility.
During the first quarter of 2025, the asphalt prices in Europe reached 460 USD/MT in March. Overall changes in construction activities led to decreased demand for asphalt, a key component of road paving. Besides, prices of bitumen and raw materials used in asphalt production experienced a decline, putting downward pressure on overall asphalt costs.
Asphalt Prices Outlook Q4 2023
- USA: US$ 768/MT
- Germany: US$ 698/MT
The price of asphalt in the United States for Q4 2023 reached 768 USD/MT.
The price of asphalt in Germany reached 698 USD/MT in Q4 of 2023.
Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the asphalt prices.
Global Asphalt Price Trend
The report offers a holistic view of the global asphalt pricing trends in the form of asphalt price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of asphalt, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed asphalt demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Asphalt Price Trend
Q1 2025:
As per the asphalt price index, asphalt prices in Europe saw a decline due to a combination of factors, including reduced construction demand, falling feedstock prices, and refinery limitations. These trends were influenced by subdued consumer demand, lower industry sentiment due to trade war uncertainties, and a decrease in European road freight rates.
Q4 2023:
European asphalt prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed asphalt price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Asphalt Price Trend
Q1 2025:
Stricter environmental policies aimed at reducing carbon emissions led to elevated production costs for asphalt manufacturers. Investments in cleaner technologies and sustainable practices, while beneficial in the long term, contributed to short-term cost increases that were reflected in asphalt prices. Besides, the implementation of significant infrastructure projects, escalated the demand for asphalt.
Q4 2023:
The analysis of asphalt prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific data on asphalt prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Asphalt Price Trend
Q1 2025:
The report explores the asphalt trends and asphalt price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on asphalt prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Asphalt Price Trend
Q1 2025:
Asphalt prices in the Asia-Pacific region experienced volatility due to fluctuating crude oil prices, market crack spreads, and economic uncertainty. Strong demand from buyers in Indonesia and China, along with anticipated increases in global crude oil supply, also impacted pricing. Moreover, Indian asphalt demand reflected strong economic growth in the country.
Q4 2023:
The asphalt pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This analysis can be further extended to include detailed asphalt prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Asphalt Price Trend
Q1 2025:
Latin America's asphalt market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in asphalt prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the asphalt price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing asphalt pricing trends in this region.
Q4 2023:
The analysis of asphalt prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Asphalt Price Trend, Market Analysis, and News
IMARC's latest publication, “Asphalt Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the asphalt market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of asphalt at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed asphalt prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting asphalt pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Asphalt Market Analysis
The global asphalt market size reached USD 259.1 Million in 2024. By 2033, IMARC Group expects the market to reach USD 397.2 Million, at a projected CAGR of 4.90% during 2025-2033.
- The expansion of road networks and urbanization initiatives necessitate the use of asphalt for construction. Governments worldwide are investing heavily in infrastructure projects to enhance connectivity and economic growth. This has significantly increased the demand for high-quality asphalt materials.
- Rapid urbanization in developing countries is leading to increased construction of residential and commercial properties. Consequently, asphalt has become a preferred material due to its cost-effectiveness and reliability.
- Innovations in asphalt production and application techniques have improved the efficiency and quality of asphalt pavements. Modern technologies allow for better mixing, laying, and maintenance processes. These advancements ensure longer lifespan and reduced maintenance costs of asphalt roads.
- Stringent government regulations on road safety and quality standards are driving the asphalt market. Policies aimed at improving transportation infrastructure compel the use of premium-grade asphalt. Compliance with these regulations ensures safer and more sustainable road networks.
- The necessity for regular maintenance and repair of existing roadways continues to sustain the asphalt market. Aging infrastructure requires frequent resurfacing and pothole repairs. This ongoing need for upkeep contributes to a consistent demand for asphalt.
- The automotive industry's expansion increases the usage of roads, thereby escalating the need for durable asphalt pavements. Higher traffic volumes and heavy vehicle loads necessitate robust road surfaces. Asphalt’s resilience to wear and tear makes it an ideal choice for busy highways.
- Asphalt's ability to withstand various climatic conditions makes it a suitable material for road construction across different regions. Its adaptability to temperature fluctuations ensures minimal deformation and damage. This resilience is crucial for maintaining road integrity under extreme weather conditions.
- Strong economic growth in many regions leads to increased investments in public infrastructure. Countries with rising GDPs allocate substantial budgets to improve transportation facilities. This economic activity directly fuels the demand for asphalt.
- The shift towards sustainable construction practices is promoting the use of recyclable asphalt materials. Governments and companies are adopting eco-friendly solutions to reduce environmental impact.
- Improved recycling techniques have made it easier and more cost-effective to reuse old asphalt. This not only reduces waste but also lessens the reliance on new raw materials. Enhanced recycling methods support the circular economy and provide a steady supply of quality asphalt.
Asphalt News
The report covers the latest developments, updates, and trends impacting the global asphalt industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in asphalt production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the asphalt price trend.
Latest developments in the asphalt industry:
- May 3, 2024: Exxon Mobil Corporation completed its acquisition of Pioneer Natural Resources, significantly expanding its Permian Basin footprint and doubling its production capacity there.
- May 16, 2024: Dow announced a partnership with Sealed Air at Chinaplas 2024 to develop e-commerce packaging using Dow's REVOLOOP post-consumer recycled (PCR) resins, enhancing sustainability by reducing virgin plastic use and lowering carbon footprints.
Product Description
Asphalt, a thick, dark, and extremely sticky substance derived from petroleum, is mainly utilized for building roads and waterproofing purposes. Asphalt is defined by its excellent adhesion, long-lasting qualities, and ability to repel water, being made up of a blend of aggregates, binder, and filler, usually created through the refining of crude oil. It is known for its flexibility, durability in different temperatures and heavy traffic, and its recyclability and reusability.
Asphalt is created by distilling and refining crude oil to remove lighter hydrocarbons. Its applications go beyond just paving roads and highways to include roofing, airport runways, and parking lots because of its durability and affordability. Furthermore, the acoustic characteristics aid in reducing noise, making it perfect for busy urban areas.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Asphalt |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of asphalt pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting asphalt price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the asphalt industry.
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IMARC offers trustworthy, data-centric insights into commodity pricing and evolving market trends, enabling businesses to make well-informed decisions in areas such as procurement, strategic planning, and investments. With in-depth knowledge spanning more than 850 commodities and a vast global presence in over 100 countries, we provide tailored, actionable intelligence designed to meet the specific needs of diverse industries and markets.
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