Asia-Pacific: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Asia-Pacific

The Asia-Pacific rolled bitumen articles market rose modestly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Rolled Bitumen Articles Production in Asia-Pacific

In value terms, rolled bitumen articles production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports in Asia-Pacific

In 2022, the amount of articles of bitumen in rolls exported in Asia-Pacific expanded markedly to X square meters, with an increase of X% on 2021. In general, exports, however, saw a mild setback. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of X square meters. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, rolled bitumen articles exports amounted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X square meters, which was approx. X% of total exports in 2022. It was distantly followed by South Korea (X square meters) and Singapore (X square meters), together generating a X% share of total exports. India (X square meters), Australia (X square meters) and Malaysia (X square meters) held a relatively small share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Australia (X%), India (X%), Malaysia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), India (X p.p.), Australia (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) and China (X p.p.) displayed negative dynamics.

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

In China, rolled bitumen articles exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per square meter, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per square meter in 2021, and then shrank in the following year.

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 Singapore ($X per square meter), while Malaysia ($X per square meter) 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 a decline in the export price figures.

Rolled Bitumen Articles Imports

Imports in Asia-Pacific

In 2022, the amount of articles of bitumen in rolls imported in Asia-Pacific rose rapidly to X square meters, surging by X% compared with 2021. Total imports indicated buoyant growth from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, rolled bitumen articles 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

The purchases of the seven major importers of articles of bitumen in rolls, namely Australia, Vietnam, Afghanistan, Indonesia, Malaysia, India and New Zealand, represented more than two-thirds of total import. Taiwan (Chinese) (X square meters), Singapore (X square meters), Thailand (X square meters), the Philippines (X square meters), China (X square meters) and Cambodia (X square meters) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Afghanistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rolled bitumen articles importing markets in Asia-Pacific were Australia ($X), Vietnam ($X) and Indonesia ($X), together accounting for X% of total imports. New Zealand, Malaysia, India, Afghanistan, Thailand, Singapore, Taiwan (Chinese), the Philippines, China and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Afghanistan, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Asia-Pacific amounted to $X per square meter, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per square meter), while Afghanistan ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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