Asia-Pacific: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Asia-Pacific

The Asia-Pacific non-rolled bitumen products market was estimated at $X in 2022, remaining stable against the previous year. Overall, consumption continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Production in Asia-Pacific

In value terms, non-rolled bitumen products production stood at $X in 2022 estimated in export price. Over the period under review, production showed a pronounced descent. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Non-Rolled Bitumen Products Exports

Exports in Asia-Pacific

In 2022, exports of non-rolled bitumen products in Asia-Pacific skyrocketed to X tons, with an increase of X% against the year before. Overall, exports showed noticeable growth. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports skyrocketed to $X in 2022. In general, exports posted notable growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Korea represented the major exporter of non-rolled bitumen products in Asia-Pacific, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. China (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-rolled bitumen products exports from South Korea stood at X%. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and South Korea increased by X and X percentage points, respectively.

In value terms, South Korea ($X) remains the largest non-rolled bitumen products supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while South Korea ($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.

Non-Rolled Bitumen Products Imports

Imports in Asia-Pacific

In 2022, non-rolled bitumen products imports in Asia-Pacific surged to X tons, increasing by X% on the year before. The total import volume 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 in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-rolled bitumen products imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) was the major importer of non-rolled bitumen products, mixing up X% of total imports. India (X tons) held the second position in the ranking, followed by Indonesia (X tons), the Philippines (X tons) and Thailand (X tons). All these countries together held approx. X% share of total imports. The following importers - China (X tons) and New Zealand (X tons) - each recorded a X% share of total imports.

Imports into Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), the Philippines (X%), Thailand (X%), New Zealand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, China (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), the Philippines (X p.p.), Thailand (X p.p.) and Japan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Indonesia ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Philippines, Thailand, China and New Zealand lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked 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 China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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