ASEAN: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in ASEAN

The ASEAN bituminous mixtures market expanded slightly to $X in 2022, rising by X% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Bituminous Mixtures Production in ASEAN

In value terms, bituminous mixtures production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Bituminous Mixtures Exports

Exports in ASEAN

After three years of growth, overseas shipments of bituminous mixtures decreased by X% to X tons in 2022. In general, exports, however, showed a notable increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, bituminous mixtures exports contracted sharply to $X in 2022. Over the period under review, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X tons) represented the main exporter of bituminous mixtures, comprising X% of total exports. Singapore (X tons) took the second position in the ranking, distantly followed by Thailand (X tons). All these countries together took near X% share of total exports.

Malaysia was also the fastest-growing in terms of the bituminous mixtures exports, with a CAGR of X% from 2012 to 2022. Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) emerged as the largest bituminous mixtures supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with an X% share of total exports.

In Malaysia, bituminous mixtures exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, jumping by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Bituminous Mixtures Imports

Imports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas purchases of bituminous mixtures, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, bituminous mixtures imports dropped dramatically to $X in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Malaysia dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. The following importers - Lao People's Democratic Republic (X tons) and Vietnam (X tons) - each amounted to a X% share of total imports.

Malaysia was also the fastest-growing in terms of the bituminous mixtures imports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. By contrast, Vietnam (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported bituminous mixtures in ASEAN, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia stood at X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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