India: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in India

In 2022, the Indian rolled bitumen articles market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a pronounced descent. 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.

Rolled Bitumen Articles Exports

Exports from India

In 2022, approx. X square meters of articles of bitumen in rolls were exported from India; rising by X% against 2021. Overall, exports recorded significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, rolled bitumen articles exports soared to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Bangladesh (X square meters), the United States (X square meters) and Malaysia (X square meters) were the main destinations of rolled bitumen articles exports from India, together accounting for X% of total exports.

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

In value terms, the United States ($X) emerged as the key foreign market for articles of bitumen in rolls exports from India, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2022, growing by X% against the previous year. In general, the export price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Nepal ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rolled Bitumen Articles Imports

Imports into India

In 2022, overseas purchases of articles of bitumen in rolls decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X square meters. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rolled bitumen articles imports expanded notably to $X in 2022. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X square meters) constituted the largest rolled bitumen articles supplier to India, with a X% share of total imports. Moreover, rolled bitumen articles imports from Egypt exceeded the figures recorded by the second-largest supplier, Russia (X square meters), twofold. China (X square meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and China (X% per year).

In value terms, the largest rolled bitumen articles suppliers to India were Egypt ($X), Russia ($X) and China ($X), together accounting for X% of total imports. Belgium, Spain, Canada and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw 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 average rolled bitumen articles import price amounted to $X per square meter, growing by X% against the previous year. In general, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per square meter), while the price for Egypt ($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 Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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