Asia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Asia

In 2022, the Asian non-rolled bitumen products market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption recorded a mild decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Rolled Bitumen Products Production in Asia

In value terms, non-rolled bitumen products production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Non-Rolled Bitumen Products Exports

Exports in Asia

In 2022, exports of non-rolled bitumen products in Asia dropped to X tons, which is down by X% on 2021 figures. Over the period under review, exports, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products exports expanded markedly to $X in 2022. Total exports indicated a mild expansion 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Oman (X tons), distantly followed by South Korea (X tons), China (X tons), Turkey (X tons), Malaysia (X tons) and Saudi Arabia (X tons) were the major exporters of non-rolled bitumen products, together committing X% of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Turkey ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Non-Rolled Bitumen Products Imports

Imports in Asia

Non-rolled bitumen products imports dropped to X tons in 2022, reducing by X% on the previous year. In general, imports continue to indicate a slight decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products imports skyrocketed to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons), distantly followed by India (X tons), Indonesia (X tons), Yemen (X tons), the Philippines (X tons), the United Arab Emirates (X tons) and Thailand (X tons) were the largest importers of non-rolled bitumen products, together generating X% of total imports. Turkey (X tons), Kazakhstan (X tons), China (X tons), Vietnam (X tons) and Qatar (X tons) followed a long way behind the leaders.

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

In value terms, the largest non-rolled bitumen products importing markets in Asia were Japan ($X), Indonesia ($X) and India ($X), with a combined X% share of total imports. The Philippines, Thailand, the United Arab Emirates, China, Turkey, Kazakhstan, Vietnam, Yemen and Qatar lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Yemen, 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

In 2022, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Yemen ($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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