Market research

Asphalt and bitumen articles market in Belgium

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Belgian market for asphalt and bitumen articles grew from $129.9 million in 2020 to $151.8 million in 2022. This expansion was supported by active road infrastructure projects in Wallonia, where public contracts included price revision formulas to account for rising raw material costs, helping maintain project viability. At the same time, the sector faced a bitumen shortage as refineries prioritized fuel production over heavier fractions, constraining supply and contributing to higher prices.

After a contraction to $134.3 million in 2023, the market rebounded strongly to $172.4 million in 2024. New public procurement rules in Wallonia, including mandatory advance payments effective from January 2024, improved financing conditions for infrastructure works. The ongoing bitumen shortage and broader post-COVID economic recovery continued to influence supply constraints and sustained demand, supporting market value growth.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2020-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2020-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Belgium
  1. 5.1.1. In value, 2020-2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In value, 2018-2024, M $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from Belgium in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from Belgium by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Belgium in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Belgium by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Belgium, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Belgium by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from Belgium in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from Belgium by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Belgium in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Belgium by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Belgium, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Belgium by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to Belgium in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to Belgium by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Belgium in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Belgium by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Belgium, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Belgium by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to Belgium in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to Belgium by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Belgium in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Belgium by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Belgium, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Belgium by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production asphalt and bitumen articles in Belgium

In value, 2017-2020, M $ US

Annual dynamics of production in Belgium in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports asphalt and bitumen articles from Belgium

Exports in kind, K t

In 2019, Belgium's exports of asphalt and bitumen articles reached their lowest point at 103.0 thousand tons, marking an 8.6% decline. However, in 2020, foreign supplies from Belgium surged to 129.4 thousand tons, representing a 25.7% increase compared to 2019. Over the period from 2017 to 2020, exports grew by 15.2%, which translates to an annualized growth rate of 4.8%.

Annual dynamics of product's exports from Belgium in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.2%	(8.6%)	25.7%	4.8%

Source: SHEV.io

From 2017 to 2020, the Netherlands was the largest buyer of asphalt and bitumen articles from Belgium, accounting for 36.3% of exports in kind. Denmark followed with 11.4%, and Luxembourg with 10.3%. Together, these three countries formed 58.0% of Belgium's total exports in kind during this period.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Belgium in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Belgium's cross-border shipments of asphalt and bitumen articles increased for the third consecutive year. In 2020, exports reached 104.5 million US dollars, up by 2.0% from the previous year. Over the 2017-2020 period, exports rose by 22.9%, with a compound annual growth rate of 7.1%.

Annual dynamics of product's exports from Belgium in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	5.1%	14.6%	2.0%	7.1%

Source: SHEV.io

Between 2017 and 2020, the Netherlands, France, and Denmark were the three main markets for Belgium's asphalt and bitumen articles in value terms. Together, they absorbed 57.0% of total exports.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Belgium in value, 2017-2020

Source: SHEV.io

Imports asphalt and bitumen articles to Belgium

Imports in kind, K t

In 2019, imports of asphalt and bitumen articles to Belgium hit their lowest point at 30.5 thousand tons, with a significant decline of 13.2%. The maximum volume was recorded in 2018 at 35.1 thousand tons. By 2020, imports rebounded to 33.8 thousand tons, showing a 10.9% increase compared to 2019. Overall, from 2017 to 2020, imports grew by 3%, corresponding to an annualized rate of 1.0%.

Annual dynamics of product's imports to Belgium in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.0%	(13.2%)	10.9%	1.0%

Source: SHEV.io

From 2017 to 2020, France was the leading partner for Belgium's imports of asphalt and bitumen articles in kind, representing 25.2% of the total. The Netherlands accounted for 17.0%, and Italy for 16.0%. Collectively, these three countries formed 58.3% of Belgium's total import flows in kind.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Belgium in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2019, Belgium's imports of asphalt and bitumen articles in value terms reached their minimum at 33.8 million US dollars, declining by 15.5%. By 2020, imports jumped to 40.4 million US dollars, marking a substantial 19.5% increase compared to 2019. Over the 2017-2020 period, imports increased by 19.4%, equating to an annualized growth rate of 6.1%.

Annual dynamics of product's imports to Belgium in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	18.1%	(15.5%)	19.5%	6.1%

Source: SHEV.io

During 2017-2020, France was the primary market for Belgium's imports of asphalt and bitumen articles in value terms, accounting for 39.9%. The Netherlands followed with 17.6%, and Germany with 14.7%. Together, these three countries represented 72.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Belgium in value, 2017-2020

Source: SHEV.io