All About Bitumen - Exports and imports

What is Bitumen?

Bitumen is also known as Asphalt. It is a black, semi-solid form of petroleum. It can be found in natural deposits or it can be a refined product and it is called pitch.

Composition

1. Naphthene aromatics

2. Polar aromatics

3. Saturated hydrocarbons

4. Asphaltenes

Application

It is calculated that every year 102 million tones of bitumen is used globally. Bitumen is used in construction and maintenance of:

v Agriculture

v Buildings and industrial paving

v Hydraulics and erosion control

v Industrial

v Paving

v Railways

v Recreation

Indian Companies

S. No.		Name	Company	Location	Price
1.	Dr. Fixit Samshield Polymer Modifies Bitumen		Jaichittra Inc.	Chennai	Rs 3,500/Roll
2.	Bitumen 30/40		Torchtar Membrames And Bitumen Products Private Limited	Bulandshahr	Rs 32/Kg
3.	Industrial Grade MAK MSRB Bituminous Construction Adhesive		M.K. Petro Products India Private Limited	Faridabad	Rs 100/Kg
4.	VJT Iran Bitumen, Road Construction		Veejay Trading	New Delhi	Rs 26,00/Metric Ton
5.	Natural Bitumen Vg 10 (80 100)		Planet Industries Private Limited	Delhi	Rs 30/Litre
6.	Cold Bitumen		Jai Bitumen	Chandigarh	Rs 30/Kg

Related videos: - Petroleum and Petroleum Products

Export and Import of Bitumen – India

Commodity	Reporter	Partner	Trade Flow	Indicator	2015	2016	2017	2018	2019
2714 Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks.	India	World	Exports	Net weight (kg)	16 914 131.00	23 710 574.00	6 105 675.00	5 085 794.00	930 723.00
				Quantity	16 914 131.00	23 710 574.00	6 105 675.00	5 085 794.00
				Value (US$)	6 620 622.00	10 900 733.00	2 611 966.00	2 285 802.00	548 536.00
			Imports	Net weight (kg)	34 412 097.00	15 918 364.00	8 048 005.00	8 638 564.00	3 371 582.00
				Quantity	34 412 097.00	15 918 364.00	8 048 005.00	8 638 564.00
				Value	14 547 451.00	6 373 909.00	4 245 862.00	4 564 512.00	2 456 771.00

The amount of exports of commodity group 2714 “Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks” from India accounted for $548 thousand in 2019. Sales of this group from India fell by 76% in value terms compared to 2018. Exports fell by &1.73 million compared to 2018.

Exports of this group amounted to 0.001% of total sales of group in 2019. The share of exports of this group in sales of commodity group from India lowered by 0.003 p.p. compared to 2018.

Where does India export Bitumen to (in 2019)?

1. Nepal with a share of 43%

2. USA with a share of 22%

3. Georgia with a share of 10.6%

4. UAE with a share of 10.2%

5. Thailand with a share of 8%

6. Saudi Arabia with a share of 2.04%

7. Bangladesh – US$ 3.93 thousand

8. Sri Lanka – US$2.66 thousand

9. Australia – US$ 1.93 thousand

10. Turkey – US$1.7 thousand

Global Market Analysis of Bitumen – Forecast Period: 2019 to 2016

Global market of bitumen amounted to USD 89.7 billion in 2018 and will grow at a CAGR of 3.8% over the forecast period. It is estimated to account for USD 116.27 billion in 2026.

2 major market drivers

Ø Steady growth in the construction industry

Ø Rise in the number of road construction activities.

Some of the major challenges

Ø Environmental concern related to product abstraction

Ø Fluctuation crude oil prices

Use of paving Bitumen has increased due to increase in road construction activities

Related projects:- Petroleum and Petroleum Products

Global vehicular sales market accounted for 96.8 million units in 2017 and is estimated to reach 125.5 million units by the end of the forecast period. Therefore, it creates a need for broader and better quality roads which gives rise to global bitumen market.

Increasing construction activities in Asia Pacific

Asia Pacific held a market share of more than 45% in 2018.

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Salary and Wages	Turnover Per Annum
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Annexure 1:: Cost of Project and Means of Finance
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Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
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Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
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