Report Update: May 1, 2024

Republic of Korea - Articles of Bitumen In Rolls - Market Analysis, Forecast, Size, Trends And Insights

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Rolled Bitumen Articles Price in South Korea - 2022

Rolled Bitumen Articles Price in South Korea (FOB) - 2022

In December 2022, the average rolled bitumen articles export price amounted to $5.9 per square meter, increasing by 6.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 30% month-to-month. Over the period under review, the average export prices reached the peak figure at $7.0 per square meter in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($18.6 per square meter), while the average price for exports to Taiwan (Chinese) ($4.2 per square meter) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Rolled Bitumen Articles Price in South Korea (CIF) - 2022

The average rolled bitumen articles import price stood at $7.3 per square meter in December 2022, surging by 34% against the previous month. Over the period under review, the import price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in April 2022 an increase of 118% month-to-month. As a result, import price attained the peak level of $7.9 per square meter. From May 2022 to December 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Singapore ($8.0 per square meter), while the price for China totaled $2.2 per square meter.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.0%), while the prices for the other major suppliers experienced a decline.

Rolled Bitumen Articles Exports in South Korea

In 2022, rolled bitumen articles exports from South Korea stood at 941K square meters, growing by 4.7% against 2021 figures. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, the exports attained the peak of 1M square meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rolled bitumen articles exports expanded slightly to $5M in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. As a result, the exports reached the peak of $5.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Rolled Bitumen Articles in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	1,143	1,797	958	1,529	10.2%
Taiwan (Chinese)	678	627	412	658	-1.0%
Thailand	641	820	391	658	0.9%
Malaysia	431	549	232	426	-0.4%
Indonesia	40.4	52.3	112	179	64.2%
Iraq	192	108	67.8	128	-12.6%
Mongolia	10.8	62.5	68.1	109	116.1%
China	26.5	203	53.7	100	55.7%
Philippines	15.0	17.0	11.7	90.0	81.7%
Singapore	126	40.2	28.0	51.0	-26.0%
Israel	34.8	35.7	22.7	38.6	3.5%
Hong Kong SAR	302	146	129	21.7	-58.4%
Others	829	757	2,340	1,032	7.6%
Total	4,469	5,215	4,826	5,021	4.0%

Top Export Markets for Rolled Bitumen Articles from South Korea in 2022:

Vietnam (380.2K square meters)
Taiwan (Chinese) (157.4K square meters)
Thailand (85.9K square meters)
Iraq (47.0K square meters)
Malaysia (46.1K square meters)
Indonesia (28.7K square meters)
Israel (28.2K square meters)
Philippines (24.9K square meters)
China (19.6K square meters)
Mongolia (14.0K square meters)
Singapore (12.9K square meters)
Hong Kong SAR (2.2K square meters)

Rolled Bitumen Articles Imports in South Korea

After two years of decline, overseas purchases of articles of bitumen in rolls increased by 5.4% to 612K square meters in 2022. Over the period under review, imports, however, showed a abrupt curtailment. Over the period under review, imports attained the peak figure at 1M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, rolled bitumen articles imports reduced to $2.9M in 2022. In general, imports, however, continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by 22%. Imports peaked at $6.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Rolled Bitumen Articles in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	2,543	1,111	1,116	1,951	-8.5%
China	1,414	821	376	439	-32.3%
United Kingdom	31.4	8.8	96.9	251	99.9%
United States	1,471	477	275	56.9	-66.2%
Poland	413	21.1	11.1	15.1	-66.8%
Others	211	147	1,274	153	-10.2%
Total	6,084	2,586	3,148	2,867	-22.2%

Top Suppliers of Rolled Bitumen Articles to South Korea in 2022:

Singapore (280.7K square meters)
China (248.0K square meters)
United Kingdom (53.8K square meters)
United States (4.8K square meters)
Poland (0.9K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rolled bitumen articles market in Republic of Korea. 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

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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