Report Update: May 1, 2024

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

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Rolled Bitumen Articles Price in the Philippines - 2023

Rolled Bitumen Articles Price in the Philippines (CIF) - 2022

In 2022, the average rolled bitumen articles import price amounted to $3.6 per square meter, growing by 28% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rolled bitumen articles import price increased by +99.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 37%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($3.6 per square meter) and Italy ($3.6 per square meter), while the price for Singapore ($3.6 per square meter) and Saudi Arabia ($3.6 per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Rolled Bitumen Articles Price in the Philippines (FOB) - 2022

In 2022, the average rolled bitumen articles export price amounted to $3.7 per square meter, surging by 19% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $8.3 per square meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +48.4% per year.

Rolled Bitumen Articles Imports in the Philippines

In 2022, approx. 1.1M square meters of articles of bitumen in rolls were imported into the Philippines; reducing by -42.9% compared with the previous year. In general, imports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of 63%. Over the period under review, imports reached the maximum at 2.1M square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, rolled bitumen articles imports reduced dramatically to $4M in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Imports peaked at $5.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Rolled Bitumen Articles in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Egypt	779	771	1,197	1,542	25.6%
Italy	3,168	1,254	2,103	1,382	-24.2%
China	195	201	858	206	1.8%
Turkey	163	52.0	175	139	-5.2%
Thailand	N/A	N/A	56.1	123	119.3%
Russia	109	118	228	114	1.5%
Malaysia	N/A	86.4	15.4	102	8.7%
South Korea	164	243	415	102	-14.6%
Belgium	209	149	92.5	88.8	-24.8%
Singapore	146	5.1	5.4	66.8	-22.9%
Saudi Arabia	140	184	92.8	63.5	-23.2%
France	195	58.7	221	N/A	6.5%
Others	273	18.8	39.5	79.7	-33.7%
Total	5,541	3,141	5,497	4,009	-10.2%

Top Suppliers of Rolled Bitumen Articles to the Philippines in 2022:

Egypt (429.7K square meters)
Italy (385.3K square meters)
China (57.5K square meters)
Turkey (38.8K square meters)
Thailand (34.3K square meters)
Russia (31.7K square meters)
Malaysia (28.6K square meters)
South Korea (28.4K square meters)
Belgium (24.8K square meters)
Singapore (18.6K square meters)
Saudi Arabia (17.7K square meters)

Rolled Bitumen Articles Exports in the Philippines

In 2022, after three years of growth, there was significant decline in overseas shipments of articles of bitumen in rolls, when their volume decreased by -66.4% to 70K square meters. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 418% against the previous year. The exports peaked at 208K square meters in 2021, and then dropped dramatically in the following year.

In value terms, rolled bitumen articles exports contracted remarkably to $258K in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 485% against the previous year. The exports peaked at $644K in 2021, and then fell significantly in the following year.

Export of Rolled Bitumen Articles in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	69.2	495	642	256	54.7%
Others	15.4	N/A	2.1	1.1	-58.5%
Total	84.6	495	644	258	45.0%

Top Export Markets for Rolled Bitumen Articles from the Philippines in 2022:

Japan (69.6K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rolled bitumen articles market in the Philippines. 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:

Philippines

Data coverage:

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