Malaysia: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Malaysia

In 2022, the Malaysian rolled bitumen articles market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a resilient 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Rolled Bitumen Articles Exports

Exports from Malaysia

In 2022, after four years of decline, there was significant growth in overseas shipments of articles of bitumen in rolls, when their volume increased by X% to X square meters. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at X square meters in 2017; however, from 2018 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 pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X square meters), Cambodia (X square meters) and Singapore (X square meters) were the main destinations of rolled bitumen articles exports from Malaysia, together comprising X% of total exports.

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

In value terms, Singapore ($X) remains the key foreign market for articles of bitumen in rolls exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Cambodia (X% per year).

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2022, declining by X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while the average price for exports to the Philippines ($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 Brunei Darussalam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rolled Bitumen Articles Imports

Imports into Malaysia

In 2022, supplies from abroad of articles of bitumen in rolls increased by X% to X square meters, rising for the second consecutive year after two years of decline. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, rolled bitumen articles imports soared to $X in 2022. Over the period under review, total imports indicated resilient growth 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 pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X square meters), China (X square meters) and Russia (X square meters) were the main suppliers of rolled bitumen articles imports to Malaysia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rolled bitumen articles suppliers to Malaysia were Italy ($X), China ($X) and Russia ($X), with a combined X% share of total imports.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rolled bitumen articles import price stood at $X per square meter in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per square meter), while the price for Russia ($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 the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :