Iran forecast to retain position as key global bitumen supplier in 2026
Iran remains a major global supplier of bitumen, serving markets across Asia, Africa, and other regions, despite increasing uncertainty in export conditions, according to a report by Iranoilgas.com website.
Bitumen prices are being influenced by fluctuations in crude oil prices, refinery output, transportation costs, regional construction demand, and higher freight expenses.
Thanks to its large refining capacity and competitive production costs, Iran continues to hold a strong position in the international bitumen market. However, export prices vary depending on product grade, packaging, order volume, delivery terms, and destination.
Looking ahead to 2026, the market outlook will depend largely on global infrastructure spending, oil price trends, and international trade conditions.
Exporters are expected to emphasize pricing flexibility, reliable supply, and efficient logistics, while demand from infrastructure projects in emerging markets is likely to continue supporting Iran's bitumen exports.