Indonesia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Indonesia

The Indonesian non-rolled bitumen products market shrank to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Non-rolled bitumen products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Production in Indonesia

In value terms, non-rolled bitumen products production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Non-rolled bitumen products production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Indonesia

In 2022, the amount of non-rolled bitumen products exported from Indonesia shrank dramatically to X tons, waning by X% compared with the previous year's figure. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products exports contracted rapidly to $X in 2022. In general, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for non-rolled bitumen products exports from Indonesia, accounting for a X% share of total exports. Moreover, non-rolled bitumen products exports to South Korea exceeded the volume sent to the second major destination, Vietnam (X tons), ninefold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Japan (X% per year).

In value terms, South Korea ($X) remains the key foreign market for non-rolled bitumen products exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Timor-Leste ($X per ton), while the average price for exports to South Korea ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Indonesia

In 2022, non-rolled bitumen products imports into Indonesia surged to X tons, rising by X% compared with 2021. Over the period under review, total imports indicated a measured increase 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. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-rolled bitumen products imports surged to $X in 2022. In general, total imports indicated a remarkable increase 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Malaysia (X tons), China (X tons) and Turkey (X tons) were the main suppliers of non-rolled bitumen products imports to Indonesia, with a combined X% share of total imports.

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

In value terms, the largest non-rolled bitumen products suppliers to Indonesia were Malaysia ($X), Turkey ($X) and China ($X), together comprising X% of total imports.

Among the main suppliers, Turkey, 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

The average non-rolled bitumen products import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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