China: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in China

The Chinese non-rolled bitumen products market stood at $X in 2022, approximately equating the previous year. Overall, consumption continues to indicate a noticeable decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Production in China

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

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Non-Rolled Bitumen Products Exports

Exports from China

For the fourth year in a row, China recorded growth in overseas shipments of non-rolled bitumen products, which increased by X% to X tons in 2022. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached 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 rose significantly to $X in 2022. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded 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 somewhat lower figure.

Exports by Country

Indonesia (X tons), Thailand (X tons) and Macao SAR (X tons) were the main destinations of non-rolled bitumen products exports from China, with a combined X% share of total exports. The Philippines, Vietnam, South Korea, India, Chile, Mongolia, Malaysia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and South Korea ($X) were the largest markets for non-rolled bitumen products exported from China worldwide, together comprising X% of total exports.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into China

Non-rolled bitumen products imports into China reduced to X tons in 2022, approximately equating the previous year's figure. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports soared to $X in 2022. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of non-rolled bitumen products to China, with a X% share of total imports. Moreover, non-rolled bitumen products imports from Malaysia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of non-rolled bitumen products to China, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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