Asia-Pacific: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Asia-Pacific

The Asia-Pacific non-rolled bitumen products market rose modestly to $X in 2022, with an increase of 1.8% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Non-Rolled Bitumen Products Production in Asia-Pacific

In value terms, non-rolled bitumen products production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 16%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Non-Rolled Bitumen Products Exports

Exports in Asia-Pacific

In 2022, non-rolled bitumen products exports in Asia-Pacific soared to X tons, growing by 23% against 2021. In general, exports continue to indicate a pronounced increase. The growth pace was the most rapid in 2017 when exports increased by 123% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed slight growth. The pace of growth was the most pronounced in 2017 when exports increased by 96% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, South Korea (X tons) represented the main exporter of non-rolled bitumen products, achieving 57% of total exports. China (X tons) ranks second in terms of the total exports with a 26% share, followed by Malaysia (12%). Indonesia (X tons) held a little share of total exports.

Exports from South Korea increased at an average annual rate of +4.6% from 2012 to 2022. At the same time, Indonesia (+13.5%) and China (+11.4%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +13.5% from 2012-2022. By contrast, Malaysia (-6.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and South Korea increased by +14 and +7.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest non-rolled bitumen products supplier in Asia-Pacific, comprising 51% of total exports. The second position in the ranking was taken by China ($X), with a 25% share of total exports. It was followed by Malaysia, with a 17% share.

In South Korea, non-rolled bitumen products exports expanded at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+9.6% per year) and Malaysia (-6.8% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, remaining constant against the previous year. Overall, the export price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the export price increased by 11% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.7%), while the other leaders experienced mixed trends in the export price figures.

Non-Rolled Bitumen Products Imports

Imports in Asia-Pacific

In 2022, non-rolled bitumen products imports in Asia-Pacific surged to X tons, picking up by 40% compared with 2021. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-rolled bitumen products imports skyrocketed to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +67.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons) and Indonesia (X tons) represented the main importers of non-rolled bitumen products in 2022, resulting at near 29% and 22% of total imports, respectively. India (X tons) held the next position in the ranking, followed by the Philippines (X tons) and Thailand (X tons). All these countries together held approx. 32% share of total imports. The following importers - China (X tons) and New Zealand (X tons) - each reached a 6.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-rolled bitumen products importing markets in Asia-Pacific were Indonesia ($X), Japan ($X) and India ($X), with a combined 65% share of total imports. The Philippines, Thailand, China and New Zealand lagged somewhat behind, together comprising a further 27%.

In terms of the main importing countries, the Philippines, with a CAGR of +12.7%, 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-Pacific stood at $X per ton in 2022, rising by 9.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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