Asia: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Asia

After four years of growth, the Asian rolled bitumen articles market decreased by -0.1% to $X in 2021. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the market value increased by 10%. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Rolled Bitumen Articles Production in Asia

In value terms, rolled bitumen articles production amounted to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.4% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 28%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Rolled Bitumen Articles Exports

Exports in Asia

In 2021, shipments abroad of articles of bitumen in rolls decreased by -18.1% to X square meters, falling for the fifth consecutive year after two years of growth. Overall, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. As a result, the exports attained the peak of X square meters. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, rolled bitumen articles exports fell modestly to $X in 2021. Over the period under review, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 8.2% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Saudi Arabia (X square meters) was the main exporter of articles of bitumen in rolls, making up 47% of total exports. Turkey (X square meters) ranks second in terms of the total exports with a 20% share, followed by China (13%) and the United Arab Emirates (11%). The following exporters - South Korea (X square meters) and Bahrain (X square meters) - each finished at a 3.7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to rolled bitumen articles exports from Saudi Arabia stood at -5.5%. At the same time, Turkey (+9.1%), the United Arab Emirates (+8.6%) and South Korea (+4.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +9.1% from 2012-2021. By contrast, China (-3.5%) and Bahrain (-15.3%) illustrated a downward trend over the same period. While the share of Turkey (+13 p.p.) and the United Arab Emirates (+6.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Bahrain (-4.7 p.p.) and Saudi Arabia (-15.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rolled bitumen articles supplying countries in Asia were Saudi Arabia ($X), the United Arab Emirates ($X) and China ($X), with a combined 78% share of total exports.

The United Arab Emirates, with a CAGR of +14.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per square meter, with an increase of 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. Over the period under review, the export prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the other leaders experienced mixed trends in the export price figures.

Rolled Bitumen Articles Imports

Imports in Asia

In 2021, rolled bitumen articles imports in Asia reduced modestly to X square meters, with a decrease of -4.4% on the previous year. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 14%. The volume of import peaked at X square meters in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, rolled bitumen articles imports expanded modestly to $X in 2021. Overall, imports showed a mild contraction. The pace of growth appeared the most rapid in 2013 with an increase of 7.2%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of articles of bitumen in rolls, namely Kazakhstan, Israel, the United Arab Emirates, Oman, Mongolia, Kuwait, Vietnam, Qatar, Turkey, Georgia, Azerbaijan and India, represented more than two-thirds of total import. Indonesia (X square meters) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rolled bitumen articles importing markets in Asia were Israel ($X), Kazakhstan ($X) and the United Arab Emirates ($X), with a combined 34% share of total imports. Oman, Kuwait, Turkey, Vietnam, Qatar, Mongolia, Indonesia, Georgia, India and Azerbaijan lagged somewhat behind, together accounting for a further 39%.

Among the main importing countries, Turkey, with a CAGR of +11.8%, recorded 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 import price in Asia stood at $X per square meter in 2021, increasing by 8.2% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. Over the period under review, import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per square meter), while Mongolia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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