Report Update: May 1, 2024

Hong Kong SAR, China - Asphalt or Bitumen Articles - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Asphalt or Bitumen Article in Hong Kong SAR - 2023

Price for Asphalt or Bitumen Article in Hong Kong SAR (CIF) - 2022

The average asphalt or bitumen article import price stood at $1,045 per ton in 2022, dropping by -9.1% against the previous year. Over the period under review, the import price recorded a slight slump. The pace of growth appeared the most rapid in 2021 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum at $1,203 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($3,002 per ton), while the price for Egypt ($667 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Asphalt or Bitumen Article in Hong Kong SAR (FOB) - 2022

The average asphalt or bitumen article export price stood at $1,324 per ton in 2022, reducing by -3.3% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2014 an increase of 68%. The export price peaked at $3,561 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to -1.9% per year.

Imports of Asphalt or Bitumen Article in Hong Kong SAR

In 2022, imports of asphalt or bitumen articles into Hong Kong SAR contracted to 1.4K tons, declining by -8.2% on the previous year's figure. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 18%.

In value terms, asphalt or bitumen article imports shrank markedly to $1.5M in 2022. In general, imports showed a slight decline. The growth pace was the most rapid in 2021 when imports increased by 52%. As a result, imports attained the peak of $1.8M, and then declined dramatically in the following year.

Import of Asphalt or Bitumen Article in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	598	222	411	351	-16.3%
Egypt	68.7	23.0	86.8	248	53.4%
United States	19.7	8.6	43.8	190	112.9%
Singapore	55.9	2.4	68.3	186	49.3%
United Arab Emirates	161	361	114	87.1	-18.5%
China	166	103	427	71.1	-24.6%
South Korea	36.7	88.7	74.4	70.5	24.3%
Spain	195	179	460	58.2	-33.2%
United Kingdom	161	28.7	31.5	36.6	-39.0%
Others	74.0	139	35.9	165	30.6%
Total	1,536	1,156	1,753	1,463	-1.6%

Top Suppliers of Asphalt or Bitumen Article to Hong Kong SAR in 2022:

Italy (436.6 tons)
Egypt (371.0 tons)
United States (91.6 tons)
United Arab Emirates (87.1 tons)
Spain (71.8 tons)
China (66.6 tons)
Singapore (61.9 tons)
South Korea (55.8 tons)
United Kingdom (27.2 tons)

Exports of Asphalt or Bitumen Article in Hong Kong SAR

In 2022, exports of asphalt or bitumen articles from Hong Kong SAR rose significantly to 483 tons, picking up by 8.7% compared with the previous year. Overall, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,245%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, asphalt or bitumen article exports reached $639K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 636%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Asphalt or Bitumen Article in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Macao SAR	159	35.1	604	638	58.9%
China	103	40.4	N/A	N/A	-60.8%
Others	N/A	7.1	3.7	1.4	-55.6%
Total	261	82.6	608	639	34.8%

Top Export Markets for Asphalt or Bitumen Article from Hong Kong SAR in 2022:

Macao SAR (482.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for asphalt or bitumen article in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls
Prodcom 23991290 - Products based on bitumen (excluding in rolls)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023