Malaysia: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Malaysia

In 2023, the Malaysian rolled bitumen articles market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption recorded buoyant growth. Rolled bitumen articles consumption peaked in 2023 and is expected to retain growth in years to come.

Rolled Bitumen Articles Exports

Exports from Malaysia

In 2023, rolled bitumen articles exports from Malaysia shrank remarkably to X square meters, with a decrease of X% compared with the previous year's figure. In general, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, rolled bitumen articles exports dropped significantly to $X in 2023. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X square meters) was the main destination for rolled bitumen articles exports from Malaysia, accounting for a X% share of total exports. Moreover, rolled bitumen articles exports to Singapore exceeded the volume sent to the second major destination, Vietnam (X square meters), fourfold. The third position in this ranking was taken by the Philippines (X square meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Philippines (X% per year).

In value terms, Singapore ($X) remains the key foreign market for articles of bitumen in rolls exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the average rolled bitumen articles export price amounted to $X per square meter, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per square meter), while the average price for exports to the Philippines ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rolled Bitumen Articles Imports

Imports into Malaysia

In 2023, overseas purchases of articles of bitumen in rolls increased by X% to X square meters, rising for the third consecutive year after two years of decline. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, rolled bitumen articles imports soared to $X in 2023. Overall, imports posted a resilient expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to continue growth in years to come.

Imports by Country

China (X square meters), Italy (X square meters) and Egypt (X square meters) were the main suppliers of rolled bitumen articles imports to Malaysia, together comprising X% of total imports. Turkey, Singapore, Russia, France and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of articles of bitumen in rolls to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Singapore (X% per year).

Import Prices by Country

The average rolled bitumen articles import price stood at $X per square meter in 2023, increasing by X% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per square meter), while the price for Russia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform