Tarred macadam

In 2024, tarred macadam trade exhibited strong growth, with global flows reaching $48,518,664 and a three-year compound annual growth rate of +7.2% (five-year: +6.0%). The all-time peak of $61,429,963 was recorded in 2011; the current level is 21% below that high-water mark.

Over the 30-year observation window (1995–2024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+7.0% acceleration).

The World Trade Flows Characterization classifies tarred macadam as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.176). The three largest exporters — United Kingdom ($14.6M), Germany ($10.7M), and Belgium ($7.4M) — collectively dominate supply flows. The leading exporter has grown at +26.9% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.212). The three largest import markets are Ireland ($14.0M), Switzerland ($13.7M), and France ($9.7M). The largest importing market sources from 25 different supplying countries.

Estimated substitution elasticity: -31.48. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is United Kingdom → Ireland at $13.7M, representing 98.1% of the importer's total demand.

The volatility score for tarred macadam is 12 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.