Vietnam: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Vietnam

The Vietnamese rolled bitumen articles market soared to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a remarkable increase. Rolled bitumen articles consumption peaked in 2022 and is likely to see gradual growth in years to come.

Rolled Bitumen Articles Exports

Exports from Vietnam

In 2022, the amount of articles of bitumen in rolls exported from Vietnam surged to X square meters, picking up by X% on 2021. Over the period under review, exports saw a pronounced increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, rolled bitumen articles exports surged to $X in 2022. In general, exports enjoyed moderate growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Cambodia (X square meters) was the main destination for rolled bitumen articles exports from Vietnam, accounting for a X% share of total exports. Moreover, rolled bitumen articles exports to Cambodia exceeded the volume sent to the second major destination, South Korea (X square meters), threefold. Thailand (X square meters) 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 Cambodia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Thailand (X% per year).

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

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

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2022, surging by X% against the previous year. Over the period under review, the export price showed a slight expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Cambodia ($X per square meter) and South Korea ($X per square meter), while the average price for exports to Lao People's Democratic Republic ($X per square meter) and Thailand ($X per square meter) were amongst the lowest.

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

Rolled Bitumen Articles Imports

Imports into Vietnam

In 2022, imports of articles of bitumen in rolls into Vietnam reached X square meters, increasing by X% on the previous year. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, rolled bitumen articles imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Egypt (X square meters), Turkey (X square meters) and China (X square meters) were the main suppliers of rolled bitumen articles imports to Vietnam, with a combined X% share of total imports.

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

In value terms, Egypt ($X), Turkey ($X) and China ($X) appeared to be the largest rolled bitumen articles suppliers to Vietnam, together comprising X% of total imports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per square meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($X per square meter) and Italy ($X per square meter), while the price for Taiwan (Chinese) ($X per square meter) and China ($X per square meter) were amongst the lowest.

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

Source: IndexBox Platform

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