Bitumen fell to 3,484 CNY/T on August 8, 2025, down 0.68% from the previous day. Over the past month, Bitumen's price has fallen 3.94%, and is down 2.95% 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.

The Malaysian natural bitumen and asphalt market declined to $584M in 2024, which is down by -13.5% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2024: its value increased at an average annual rate of +5.0% 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 -5.6% against 2019 indices.

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.

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

Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Packed: Grade VG30 data was reported at 38,250.000 INR/Metric Ton in 06 Dec 2018. This stayed constant from the previous number of 38,250.000 INR/Metric Ton for 05 Dec 2018. Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Packed: Grade VG30 data is updated daily, averaging 33,460.000 INR/Metric Ton from Nov 2009 (Median) to 06 Dec 2018, with 3323 observations. The data reached an all-time high of 45,750.000 INR/Metric Ton in 30 Sep 2013 and a record low of 25,473.000 INR/Metric Ton in 29 Feb 2016. Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Packed: 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.RBJ004: Fuel Price: Indian Oil Corporation Limited: Bitumen: Packed.

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.

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.

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.

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.

Get the latest insights on price movement and trends analysis of Asphalt in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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.

In 2024, the Indian petroleum bitumen market decreased by -4.5% to $4B, falling for the second consecutive year after three years of growth. Overall, the total consumption indicated notable growth from 2012 to 2024: its value increased at an average annual rate of +4.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -4.7% against 2022 indices.

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 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.

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 approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 3.00% from 2025 to 2033. This expansion is driven primarily by the burgeoning infrastructure development across rapidly developing economies in Asia-Pacific and the Middle East and Africa, fueled by increasing urbanization and government investments in road construction projects. Further growth is anticipated from the rising demand for bitumen in waterproofing applications within the construction sector, as well as its increasing use in specialized applications like adhesives and industrial coatings. The market is segmented by product type (paving grade, hard grade, oxidized grade, bitumen emulsions, polymer modified bitumen, and others) and application (road construction, waterproofing, adhesives, and other applications). While the road construction segment currently dominates, the other application segments are expected to witness significant growth due to the increasing adoption of bitumen-based solutions in diverse industries. However, the market's growth trajectory is not without challenges. Fluctuations in crude oil prices, a key raw material for bitumen production, represent a significant restraint, directly impacting production costs and market prices. Furthermore, stringent environmental regulations concerning bitumen's carbon footprint and potential health impacts are likely to influence market dynamics. The competitive landscape is characterized by both large multinational corporations and regional players, with companies like BMI Group, Bouygues Group, BP PLC, and Shell among the key market participants. Strategic partnerships, technological advancements focusing on sustainable and environmentally friendly bitumen solutions, and expansion into emerging markets will be crucial for maintaining a competitive edge in this dynamic landscape. The increasing adoption of sustainable practices across the industry will shape future market growth as well. Recent developments include: October 2023: Suncor Energy announced that it will acquire the Canadian operations of TotalEnergies for USD 1.468 billion. The acquisition is intended to add 61,000 barrels per day of net bitumen production capacity and 675 million barrels of proved and probable reserves to the company's existing oil sands portfolio., November 2022: NYNAS AB introduced Nypol RE, a new polymer-modified bitumen with some biogenic materials that increase its service life. It has a low environmental effect compared to other bitumen products.. Key drivers for this market are: Increasing Road Construction and Repair Activities, Demand from Commercial and Domestic Building Constructions. Potential restraints include: Increasing Road Construction and Repair Activities, Demand from Commercial and Domestic Building Constructions. Notable trends are: Road Construction Segment to Dominate the Market.

Graph and download economic data for Producer Price Index by Industry: Asphalt Paving and Roofing Materials Manufacturing (PCU3241232412) from Dec 1984 to Jun 2025 about asphalt, materials, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Malaysia Civil Engineering Work: Auto Gas Oil: Bitumen 60/70 Penetration data was reported at 2,080.000 MYR/Metric Ton in Nov 2018. This stayed constant from the previous number of 2,080.000 MYR/Metric Ton for Oct 2018. Malaysia Civil Engineering Work: Auto Gas Oil: Bitumen 60/70 Penetration data is updated monthly, averaging 1,480.000 MYR/Metric Ton from Dec 1998 (Median) to Nov 2018, with 237 observations. The data reached an all-time high of 2,450.000 MYR/Metric Ton in Nov 2012 and a record low of 481.500 MYR/Metric Ton in Apr 1999. Malaysia Civil Engineering Work: Auto Gas Oil: Bitumen 60/70 Penetration data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Malaysia – Table MY.P005: Civil Engineering Work: Average Unit Price. Starting May 2017, the bitumen 80/100 penetration has been converted into 60/70.The price for bitumen 60/70 penetration is based on average ex-Kuala Lumpur.

Fuel Price: Indian Oil Corporation Limited: Bitumen: Crumb Rubber Modified Bitumen: Koyali: Bulk: Grade CRMB60 data was reported at 35,990.000 INR/Metric Ton in 12 Dec 2018. This stayed constant from the previous number of 35,990.000 INR/Metric Ton for 11 Dec 2018. Fuel Price: Indian Oil Corporation Limited: Bitumen: Crumb Rubber Modified Bitumen: Koyali: Bulk: Grade CRMB60 data is updated daily, averaging 31,310.000 INR/Metric Ton from Jan 2010 (Median) to 12 Dec 2018, with 3268 observations. The data reached an all-time high of 43,010.000 INR/Metric Ton in 15 May 2014 and a record low of 25,183.000 INR/Metric Ton in 29 Feb 2016. Fuel Price: Indian Oil Corporation Limited: Bitumen: Crumb Rubber Modified Bitumen: Koyali: Bulk: Grade CRMB60 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 petroleum asphalt market, valued at $68,670 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.4% from 2025 to 2033. This expansion is driven by several key factors. The increasing global infrastructure development, particularly in emerging economies, fuels significant demand for asphalt in road construction and pavement projects. Simultaneously, growing urbanization and population density necessitate extensive road networks, further bolstering market growth. Furthermore, advancements in asphalt technology, including modified binders and sustainable asphalt mixtures, enhance the durability and longevity of pavements, contributing to increased adoption. Government initiatives promoting infrastructure development and sustainable transportation systems also play a crucial role in market expansion. While challenges exist, such as fluctuating crude oil prices and environmental concerns related to asphalt production and usage, the overall market outlook remains positive, supported by sustained infrastructure investments and technological innovations. However, the market faces some headwinds. Environmental regulations aimed at reducing carbon emissions from asphalt production and usage could impose constraints on market growth. The industry needs to address sustainability concerns through the development and adoption of eco-friendly asphalt alternatives and production processes. Furthermore, the availability and cost of raw materials, particularly bitumen, could influence market dynamics. Nevertheless, ongoing investments in research and development to improve the efficiency and environmental performance of asphalt production are expected to mitigate these challenges and ensure continued market growth over the forecast period. The competitive landscape comprises both large multinational corporations and regional players, leading to a dynamic market characterized by continuous innovation and competition. Key players like ExxonMobil, Shell, and Sinopec are actively involved in expanding their production capacity and developing new asphalt technologies to maintain their market positions.