Market research

Asphalt and bitumen articles market in United States of America, including Puerto Rico and US Virgin Islands

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

US production and market volume for asphalt and bitumen articles grew significantly from 2018 to 2021, reaching 21.6 million tons and 21.5 million tons respectively, before declining to 18.6 million tons in 2022. In value terms, the market demonstrated steady expansion from $10.9 billion to $15.0 billion over the same period.

By 2023, corporate investment responded to demand as Kraton Corporation expanded its production of key asphalt additives. The following year, the market contended with higher production costs from strong crude oil prices while continued government infrastructure spending and a strong focus on sustainability promoted the adoption of recycled materials and eco-friendly technologies.

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 kind
    1. 4.1.1.1. Production, 2018-2022
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2022
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2022
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2022
2. 4.2. Market Trends and Factors
5. Exports
1. 5.1. Exports (Direct Data)
  1. 5.1.1. Exports - Total information
  2. 5.1.2. Exports in kind, K t
    1. 5.1.2.1. Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2018-2024, K t
    2. 5.1.2.2. Dynamics of product's exports in kind from United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, K t
    3. 5.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 5.1.3. Exports in value, M $ US
    1. 5.1.3.1. Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2018-2024, M $ US
    2. 5.1.3.2. Dynamics of product's exports in value from United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, M $ US
    3. 5.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 5.1.4. Average price of product's exports, $ US/t
    1. 5.1.4.1. Annual dynamics of average price of product's exports from United States of America, including Puerto Rico and US Virgin Islands, 2018-2024, $ US/t
    2. 5.1.4.2. Dynamics of average price of product's exports from United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, $ US/t
2. 5.2. Exports (Mirror Data)
  1. 5.2.1. Exports - Total information
  2. 5.2.2. Exports in kind, K t
    1. 5.2.2.1. Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2018-2024, K t
    2. 5.2.2.2. Dynamics of product's exports in kind from United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, K t
    3. 5.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 5.2.3. Exports in value, M $ US
    1. 5.2.3.1. Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2018-2024, M $ US
    2. 5.2.3.2. Dynamics of product's exports in value from United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, M $ US
    3. 5.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 5.2.4. Average price of product's exports, $ US/t
    1. 5.2.4.1. Annual dynamics of average price of product's exports from United States of America, including Puerto Rico and US Virgin Islands, 2018-2024, $ US/t
    2. 5.2.4.2. Dynamics of average price of product's exports from United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, $ US/t
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to United States of America, including Puerto Rico and US Virgin Islands, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to United States of America, including Puerto Rico and US Virgin Islands, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to United States of America, including Puerto Rico and US Virgin Islands by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, K t
  2. 7.1.2. In value, M $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, K t
  2. 7.2.2. In value, M $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production asphalt and bitumen articles in United States of America, including Puerto Rico and US Virgin Islands

In kind, 2017-2020, K t

Following a two-year decline, the production volume of asphalt and bitumen articles in the United States of America, including Puerto Rico and the US Virgin Islands, increased. In 2020, production reached 19 908 thousand tons, marking a strong gain of 10.1% compared to 2019. Over the period from 2017 to 2020, production rose by 2.5%, with a compound annual growth rate of 0.8%. The lowest production level was recorded in 2019 at 18 089 thousand tons, while the largest decline occurred in 2018 with a drop of 6.1%.

Annual dynamics of production in United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(6.1%)	(0.7%)	10.1%	0.8%

Source: SHEV.io

In value, 2017-2020, M $ US

The production value of asphalt and bitumen articles in the United States of America, including Puerto Rico and the US Virgin Islands, increased for the second consecutive year. In 2020, output was valued at 12 219 million US dollars, up by 5.8% from 2019. From 2017 to 2020, production value grew by 10.3%, with a compound annual growth rate of 3.3%. The minimum value was recorded in 2018 at 11 017 million US dollars, and the largest decline in that year was 0.6%.

Annual dynamics of production in United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.6%)	4.9%	5.8%	3.3%

Source: SHEV.io

Exports asphalt and bitumen articles from United States of America, including Puerto Rico and US Virgin Islands

Exports in kind, K t

The volume of asphalt and bitumen articles exported from the United States of America, including Puerto Rico and the US Virgin Islands, declined for the second consecutive year. In 2020, exports totaled 520.6 thousand tons, which is 6.2% less than the previous year. Between 2017 and 2020, exports decreased by 25.3%, equating to an annualized rate of 9.3%. The peak export volume was recorded in 2018 at 701.6 thousand tons. The largest decline occurred in 2019 with a drop of 20.9%, while the largest increase was in 2018 at 0.7%.

Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.7%	(20.9%)	(6.2%)	(9.3%)

Source: SHEV.io

From 2017 to 2020, Canada was the primary buyer of asphalt and bitumen articles from the United States of America, including Puerto Rico and the US Virgin Islands, accounting for 80.5% of total exports in kind. The remaining exports were distributed among a diverse group of other countries.

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

Source: SHEV.io

World map of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

The value of exported asphalt and bitumen articles from the United States of America, including Puerto Rico and the US Virgin Islands, declined for the second consecutive year. In 2020, exports were recorded at 319.5 million US dollars, which is 9.9% weaker than the previous year. Between 2017 and 2020, exports decreased by 19.7%, equating to an annualized rate of 7.0%. The maximum value was recorded in 2018 at 424.1 million US dollars. The largest decline occurred in 2019 with a drop of 16.4%, while the largest increase was in 2018 at 6.6%.

Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.6%	(16.4%)	(9.9%)	(7.0%)

Source: SHEV.io

Over the period from 2017 to 2020, Canada remained the dominant partner for exports in value terms of asphalt and bitumen articles from the United States of America, including Puerto Rico and the US Virgin Islands, with a share of 77.9% of total flows. Other markets contributed to a long tail of smaller shares.

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

Source: SHEV.io

World map of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020

Source: SHEV.io

Imports asphalt and bitumen articles to United States of America, including Puerto Rico and US Virgin Islands

Imports in kind, K t

After a two-year decrease, the import volume of asphalt and bitumen articles into the United States of America, including Puerto Rico and the US Virgin Islands, increased. In 2020, imports reached approximately 442.8 thousand tons, indicating a modest advance of 6.2% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 2.4%, with a compound annual growth rate of 0.8%. The minimum import volume was recorded in 2019 at 417.0 thousand tons, and the largest decline in that year was 4.9%.

Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.4%)	(4.9%)	6.2%	(0.8%)

Source: SHEV.io

From 2017 to 2020, Canada accounted for 83.4% of total imports in kind of asphalt and bitumen articles to the United States of America, including Puerto Rico and the US Virgin Islands. The remaining imports were scattered across multiple smaller partners.

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

Source: SHEV.io

World map of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, the import value of asphalt and bitumen articles into the United States of America, including Puerto Rico and the US Virgin Islands, totaled 315.0 million US dollars, up by 16.1% versus the previous year. Over the period from 2017 to 2020, imports increased by 15.6%, with a compound annual growth rate of 5.0%. The minimum value was recorded in 2019 at 271.2 million US dollars, and the largest decline in that year was 3.9%.

Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.6%	(3.9%)	16.1%	5.0%

Source: SHEV.io

From 2017 to 2020, Canada remained the key direction for asphalt and bitumen articles imported into the United States of America, including Puerto Rico and the US Virgin Islands, accounting for 79.4% of total imports in value terms. Other destinations were much less significant.

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

Source: SHEV.io

World map of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020

Source: SHEV.io