Bitumen rose to 3,496 CNY/T on August 12, 2025, up 0.14% from the previous day. Over the past month, Bitumen's price has fallen 4.19%, and is down 2.56% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Bitumen - values, historical data, forecasts and news - updated on August of 2025.

In Apr 2022, the average export bitumen and asphalt price per ton amounted to $360, reducing by -7.5% against the previous month.

In May 2025, the average petroleum bitumen import price amounted to $331 per ton, falling by -2.3% against the previous month.

China Settlement Price: Shanghai Future Exchange: Petroleum Bitumen: 6th Month data was reported at 3,377.000 RMB/Ton in 13 May 2025. This records an increase from the previous number of 3,348.000 RMB/Ton for 12 May 2025. China Settlement Price: Shanghai Future Exchange: Petroleum Bitumen: 6th Month data is updated daily, averaging 3,224.000 RMB/Ton from Oct 2013 (Median) to 13 May 2025, with 2820 observations. The data reached an all-time high of 4,777.000 RMB/Ton in 09 Jun 2022 and a record low of 1,670.000 RMB/Ton in 15 Feb 2016. China Settlement Price: Shanghai Future Exchange: Petroleum Bitumen: 6th Month data remains active status in CEIC and is reported by Shanghai Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Futures Exchange: Commodity Futures: Settlement Price: Daily.

Graph and download economic data for Producer Price Index by Industry: Asphalt Paving Mixture and Block Manufacturing: Asphalt and Tar Paving Mixture (Excluding Liquid), Including Bitumen or Asphalt Concrete, Asphalt Paving Cement (PCU3241213241210131) from Dec 2004 to Jun 2025 about asphalt, cement, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Hong Kong Wholesale Price: Bitumen data was reported at 7,600.000 HKD/Ton in Aug 2018. This stayed constant from the previous number of 7,600.000 HKD/Ton for Jul 2018. Hong Kong Wholesale Price: Bitumen data is updated monthly, averaging 6,750.000 HKD/Ton from May 2003 (Median) to Aug 2018, with 184 observations. The data reached an all-time high of 9,330.000 HKD/Ton in May 2012 and a record low of 3,650.000 HKD/Ton in Apr 2004. Hong Kong Wholesale Price: Bitumen data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.P004: Wholesale Price: Construction Materials.

United States - Producer Price Index by Industry: Asphalt Paving Mixture and Block Manufacturing: Asphalt and Tar Paving Mixture (Excluding Liquid), Including Bitumen or Asphalt Concrete, Asphalt Paving Cement was 257.98700 Index Dec 2004=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Asphalt Paving Mixture and Block Manufacturing: Asphalt and Tar Paving Mixture (Excluding Liquid), Including Bitumen or Asphalt Concrete, Asphalt Paving Cement reached a record high of 326.12200 in February of 2025 and a record low of 100.00000 in December of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Asphalt Paving Mixture and Block Manufacturing: Asphalt and Tar Paving Mixture (Excluding Liquid), Including Bitumen or Asphalt Concrete, Asphalt Paving Cement - last updated from the United States Federal Reserve on August of 2025.

The average petroleum bitumen export price stood at $446 per ton in August 2024, which is down by -4% against the previous month.

In 2024, the EU natural bitumen and asphalt market increased by 7% to $4.6B for the first time since 2021, thus ending a two-year declining trend. The total consumption indicated measured growth from 2012 to 2024: its value increased at an average annual rate of +3.6% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -10.8% against 2021 indices.

Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Bulk: Grade VG30 data was reported at 34,950.000 INR/Metric Ton in 12 Dec 2018. This stayed constant from the previous number of 34,950.000 INR/Metric Ton for 11 Dec 2018. Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Bulk: Grade VG30 data is updated daily, averaging 30,190.000 INR/Metric Ton from Nov 2009 (Median) to 12 Dec 2018, with 3329 observations. The data reached an all-time high of 42,750.000 INR/Metric Ton in 30 Sep 2013 and a record low of 21,573.000 INR/Metric Ton in 29 Feb 2016. Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Bulk: Grade VG30 data remains active status in CEIC and is reported by Indian Oil Corporation Limited. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBJ003: Fuel Price: Indian Oil Corporation Limited: Bitumen: Bulk.

According to Cognitive Market Research, the global Modified Bitumen Market size is USD 21.56 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031. Market Dynamics of Modified Bitumen Market

Key Drivers for Modified Bitumen Market

Environmental Regulations and Sustainable Construction- Governments worldwide are enforcing stricter regulations on construction materials to reduce environmental impact. Modified bitumen, incorporating recycled materials like crumb rubber or natural rubber, aligns with these sustainability goals. This trend not only meets regulatory requirements but also appeals to environmentally conscious consumers and industries looking for eco-friendly building solutions. This factor significantly influences market dynamics, driving manufacturers to innovate and expand their offerings in sustainable modified bitumen products.
Rapid urban expansion and industrial development necessitate reliable infrastructure, boosting the demand for durable bituminous materials.

Key Restraints for Modified Bitumen Market

Volatile prices of raw materials like polymers and rubber affect profit margins and pricing stability in the modified bitumen market.
The market also faces significant difficulties related to data security and privacy.

Introduction of the Modified Bitumen Market

Modified bitumen refers to a type of asphalt product enhanced with additives or modifiers like styrene-butadiene-styrene (SBS), atactic polypropylene (APP), crumb rubber, or natural rubber. These modifications impart enhanced elasticity, durability, and resistance to temperature variations, making it suitable for various construction applications. The market for modified bitumen is driven by increasing infrastructure development activities globally, coupled with stringent regulations promoting sustainable building materials. Urbanization and industrialization trends further fuel demand, requiring robust and long-lasting road and building construction materials. As the construction industry continues to evolve, modified bitumen remains pivotal in addressing durability and performance requirements, contributing to its steady growth across diverse geographical markets.

This dataset provides values for BITUMEN reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Most of the raw data comes from Stats NZ. We use that to generate the indexes every quarter. The exception is the bitumen cost adjustment series, which we calculate and publish monthly.

Stats NZ open data - Infoshare (stats.govt.nz)

The zip folder contains four items.

Latest values for bitumen cost adjustment series.Latest index values for infrastructure cost indexes - ORIGINAL 1991 series.Latest values for infrastructure cost indexes NEW series.Latest cost index values for public transport.

You can find out more, including reading the procurement manual, on the procurement tools page on nzta.govt.nz. See the links below.

Procurement tools page (nzta.govt.nz)Contract price adjustment for cost fluctuation: infrastructure contracts [PDF, 1.1 MB]

Note: file name is 'instructions-for-bitumen-volumetric-approach'.

Adjuster tool (adjuster.nz)Cost indices for public transport [PDF, 388 KB]Bus and ferry cost indexation tool (nzta.govt.nz)

Data reuse caveats: As per licence.

Data quality statement: Stats NZ releases the source data that Waka Kotahi uses to generate these indexes. The indexes are fixed every quarter, except for the bitumen series (fixed monthly).

Data quality caveats: See data quality statement.

Photo: screenshot from procurement manual cover, showing roadworks. Credit: Waka Kotahi NZ Transport Agency.

Fuel Price: Indian Oil Corporation Limited: Bitumen: Crumb Rubber Modified Bitumen: Koyali: Bulk: Grade CRMB55 data was reported at 33,550.000 INR/Metric Ton in 18 Dec 2018. This stayed constant from the previous number of 33,550.000 INR/Metric Ton for 17 Dec 2018. Fuel Price: Indian Oil Corporation Limited: Bitumen: Crumb Rubber Modified Bitumen: Koyali: Bulk: Grade CRMB55 data is updated daily, averaging 31,300.000 INR/Metric Ton from Jan 2010 (Median) to 18 Dec 2018, with 3274 observations. The data reached an all-time high of 42,910.000 INR/Metric Ton in 15 May 2014 and a record low of 24,663.000 INR/Metric Ton in 29 Feb 2016. Fuel Price: Indian Oil Corporation Limited: Bitumen: Crumb Rubber Modified Bitumen: Koyali: Bulk: Grade CRMB55 data remains active status in CEIC and is reported by Indian Oil Corporation Limited. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBJ003: Fuel Price: Indian Oil Corporation Limited: Bitumen: Bulk.

The global natural bitumen and asphalt market rose sharply to $277.9B in 2024, increasing by 8.3% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $286.2B. From 2015 to 2024, the growth of the global market remained at a somewhat lower figure.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Asphalt (WPU05810212) from Jun 1985 to Jun 2025 about asphalt, fuels, commodities, PPI, inflation, price index, indexes, price, and USA.

Brazil Construction Materials: Price: Paraíba: Asphalt Emulsion Waterproofing data was reported at 3.410 BRL/kg in May 2019. This stayed constant from the previous number of 3.410 BRL/kg for Apr 2019. Brazil Construction Materials: Price: Paraíba: Asphalt Emulsion Waterproofing data is updated monthly, averaging 2.980 BRL/kg from Feb 2007 (Median) to May 2019, with 148 observations. The data reached an all-time high of 40.000 BRL/kg in Dec 2012 and a record low of 1.580 BRL/kg in Jul 2013. Brazil Construction Materials: Price: Paraíba: Asphalt Emulsion Waterproofing data remains active status in CEIC and is reported by Brazilian Chamber of Construction Industry. The data is categorized under Brazil Premium Database’s Construction and Properties Sector – Table BR.EF014: Construction Materials: Price: Paraíba.

The global bitumen market, valued at $56,500 million in 2025, is projected to experience steady growth with a compound annual growth rate (CAGR) of 2.0% from 2025 to 2033. This growth is driven by several factors. Increased infrastructure development, particularly road construction and expansion projects globally, fuels significant demand for bitumen as a primary binding agent in asphalt. Furthermore, the rising need for waterproofing solutions in buildings and infrastructure contributes to market expansion. The growing adoption of polymer-modified bitumen, offering enhanced durability and performance compared to traditional bitumen, also boosts market growth. However, fluctuations in crude oil prices, a key raw material for bitumen production, pose a significant challenge. Stringent environmental regulations regarding bitumen emissions and the exploration of sustainable alternatives might constrain market growth in the long term. The market is segmented by type (natural bitumen, petroleum bitumen, coal-tar pitch) and application (emulsion, polymer-modified, roadways, waterproofing, adhesives, others). Major players like BP, Shell, ExxonMobil, and Sinopec control a significant market share, leveraging their extensive production and distribution networks. Regional growth is expected to vary, with developing economies in Asia-Pacific experiencing faster growth compared to mature markets in North America and Europe, due to ongoing urbanization and infrastructural development. The market's steady CAGR reflects a balance between these positive and negative factors. The ongoing demand for road construction and infrastructure projects, coupled with the increasing use of advanced bitumen types, ensures a sustained, albeit moderate, expansion of the market. However, proactive strategies to address environmental concerns and mitigate the impact of crude oil price volatility will be crucial for long-term market stability and sustainable growth. Further market segmentation analysis based on specific regional projects and technological advancements will offer more precise future projections and investment opportunities.

United States - Producer Price Index by Industry: Asphalt Paving and Roofing Materials Manufacturing was 362.04200 Index Dec 1984=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Asphalt Paving and Roofing Materials Manufacturing reached a record high of 385.43300 in January of 2025 and a record low of 91.00000 in February of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Asphalt Paving and Roofing Materials Manufacturing - last updated from the United States Federal Reserve on July of 2025.

Nepal Construction Materials Price Index: Bitumen data was reported at 178.700 2007-2008=100 in Jul 2015. This records an increase from the previous number of 178.300 2007-2008=100 for Apr 2015. Nepal Construction Materials Price Index: Bitumen data is updated quarterly, averaging 141.810 2007-2008=100 from Oct 2008 (Median) to Jul 2015, with 28 observations. The data reached an all-time high of 186.500 2007-2008=100 in Jul 2014 and a record low of 96.160 2007-2008=100 in Oct 2008. Nepal Construction Materials Price Index: Bitumen data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Nepal – Table NP.EA003: Construction Materials Price Index: 2007-08=100.