Eastern Asia: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Eastern Asia

The East Asian rolled bitumen articles market expanded slightly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Rolled Bitumen Articles Production in Eastern Asia

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% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Rolled Bitumen Articles Exports

Exports in Eastern Asia

Rolled bitumen articles exports was estimated at X square meters in 2022, surging by X% on the previous year's figure. Over the period under review, exports, however, saw a slight decrease. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rolled bitumen articles exports expanded to $X in 2022. The total export value increased at an average annual rate of X% 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 2020 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

China was the main exporting country with an export of around X square meters, which amounted to X% of total exports. It was distantly followed by South Korea (X square meters), comprising an X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively.

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

In China, rolled bitumen articles exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per square meter, waning by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price 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, rolled bitumen articles export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per square meter in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while China totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Rolled Bitumen Articles Imports

Imports in Eastern Asia

In 2022, purchases abroad of articles of bitumen in rolls decreased by X% to X square meters, falling for the sixth consecutive year after five years of growth. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rolled bitumen articles imports expanded to $X in 2022. Overall, imports saw a perceptible slump. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X square meters) represented the largest importer of articles of bitumen in rolls, making up X% of total imports. China (X square meters) took the second position in the ranking, followed by South Korea (X square meters) and Hong Kong SAR (X square meters). All these countries together held approx. X% share of total imports. The following importers - Democratic People's Republic of Korea (X square meters) and Japan (X square meters) - together made up X% of total imports.

Taiwan (Chinese) experienced a relatively flat trend pattern with regard to volume of imports of articles of bitumen in rolls. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%), China (X%), Democratic People's Republic of Korea (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rolled bitumen articles importing markets in Eastern Asia were Taiwan (Chinese) ($X), South Korea ($X) and China ($X), together comprising X% of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2022, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Japan ($X per square meter), while Democratic People's Republic of Korea ($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 Japan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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