Argus Bitumen Analytics
Biannual supply, demand and trade forecasts for the global bitumen and asphalt market, covering 109 countries across nine regions to 2030.
Overview
Argus Bitumen Analytics is a biannual analytics service delivering five-year supply, demand and price forecasts for the global bitumen and asphalt market. It combines four years of historical data from 2021 to 2024, estimated data for 2025, and five-year forward projections up to and including 2030. Written by an experienced global team of analysts, it provides the essential medium to long-term intelligence needed to plan, trade and invest with confidence.
At a glance
- Biannual five-year forecasts for supply, demand and trade.
- Covers 109 countries in nine global regions.
- Regional balances and key benchmark price forecasts included.
- Tracks refinery capacity changes and their impact on supply.
- Identifies inter-regional trade flows and emerging imbalances.
- Supports strategic planning, procurement and investment decisions.
Key features
Global market coverage
Regional and country supply, demand and trade data for 109 countries in nine regions, covering capacity, production, imports and exports from 2021 to 2030.
Five-year price forecasts
Key asphalt benchmark price forecasts published twice a year, including Rotterdam cargo fob, Singapore fob, US Gulf coast fob, Nigeria cfr and Iran fob, with commentary on regional balance drivers.
Capacity intelligence
Detailed maps of asphalt-producing refinery locations, with commentary on refinery shutdowns, coker installations and capacity changes, and their direct impact on regional supply.
Crude and macro context
Each edition includes a macro crude and fuel oil outlook, placing bitumen market dynamics within the broader refining and crude market context to support more informed planning.
Data and downloads
Access global, regional and country balances, asphalt price forecasts and a bitumen capacity dashboard through interactive regional and country-level data tools, delivered in Excel.
Ongoing analyst access
Subscribers receive ongoing access to Argus analysts to discuss market developments, report content and emerging issues across the global bitumen and asphalt market.
Who uses this service
Producers and refiners
- Assess future supply and demand scenarios to optimise refinery utilisation and crude selection.
- Track refinery capacity changes and shutdowns to anticipate shifts in regional supply availability.
- Benchmark production and trade positions against global and country-level data to inform strategy.
Traders
- Use regional trade maps and individual country overviews to examine market balances and evaluate how best to meet future needs.
- Identify inter-regional imbalances and arbitrage opportunities using balance and price forecast data.
- Access country-level import and export data to support origination and commercial deal structuring.
Road contractors and consumers
- Understand supply-side changes and their potential impact on asphalt availability and pricing.
- Track procurement cost trends and benchmark pricing to support supplier negotiations and cost control.
- Monitor infrastructure spending and road project pipelines to anticipate regional demand shifts.
Government and infrastructure planners
- Use long-term consumption forecasts to support infrastructure budgeting, cost benchmarking and planning.
- Track regional supply developments and trade flows to assess risks to project delivery and supply security.
- Monitor capacity and price trends to inform procurement policy and avoid overpayment.
Frequently asked questions
Key price assessments
Argus Bitumen Analytics includes five-year price forecasts for key global asphalt benchmarks, covering Rotterdam cargo fob, Singapore fob, US Gulf coast fob, Nigeria cfr and Iran fob. These forecasts support trading strategy, procurement planning and long-term investment decisions across the global bitumen market.