Asia-Pacific: Asphalted Paper Market 2025

Asphalted Paper Market Size in Asia-Pacific

In 2022, the Asia-Pacific asphalted paper market increased by 9.3% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Asphalted Paper Production in Asia-Pacific

In value terms, asphalted paper production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 14%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Asphalted Paper Exports

Exports in Asia-Pacific

In 2022, asphalted paper exports in Asia-Pacific shrank to X tons, dropping by -12.2% compared with the year before. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 62%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, asphalted paper exports dropped remarkably to $X in 2022. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 75% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia represented the main exporting country with an export of around X tons, which amounted to 52% of total exports. It was distantly followed by China (X tons), Taiwan (Chinese) (X tons) and Pakistan (X tons), together achieving a 38% share of total exports. The following exporters - South Korea (X tons) and Indonesia (X tons) - each amounted to a 4.2% share of total exports.

Malaysia was also the fastest-growing in terms of the tarred, bituminised or asphalted paper and paperboard exports, with a CAGR of +12.7% from 2012 to 2022. At the same time, South Korea (+2.6%) displayed positive paces of growth. China experienced a relatively flat trend pattern. By contrast, Pakistan (-12.9%), Taiwan (Chinese) (-17.8%) and Indonesia (-22.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and China increased by +46 and +15 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest asphalted paper supplier in Asia-Pacific, comprising 48% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia amounted to +8.9%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+2.2% per year) and Taiwan (Chinese) (-17.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, waning by -11.8% against the previous year. In general, the export price, however, posted measured growth. The most prominent rate of growth was recorded in 2020 an increase of 52%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.8%), while the other leaders experienced more modest paces of growth.

Asphalted Paper Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of tarred, bituminised or asphalted paper and paperboard increased by 39% to X tons, rising for the second year in a row after two years of decline. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% 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 +76.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 50%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, asphalted paper imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X tons) represented the key importer of tarred, bituminised or asphalted paper and paperboard, comprising 58% of total imports. It was distantly followed by Thailand (X tons), Cambodia (X tons), Indonesia (X tons) and Malaysia (X tons), together committing a 30% share of total imports. Japan (X tons) and Vietnam (X tons) took a little share of total imports.

Myanmar was also the fastest-growing in terms of the tarred, bituminised or asphalted paper and paperboard imports, with a CAGR of +33.2% from 2012 to 2022. At the same time, Cambodia (+21.8%), Vietnam (+5.4%) and Thailand (+1.5%) displayed positive paces of growth. By contrast, Japan (-6.1%), Indonesia (-11.9%) and Malaysia (-12.6%) illustrated a downward trend over the same period. Myanmar (+54 p.p.) and Cambodia (+6.6 p.p.) significantly strengthened its position in terms of the total imports, while Japan, Malaysia and Indonesia saw its share reduced by -4%, -16.7% and -17.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest asphalted paper importing markets in Asia-Pacific were Thailand ($X), Myanmar ($X) and Indonesia ($X), together comprising 70% of total imports. Malaysia, Cambodia, Japan and Vietnam lagged somewhat behind, together accounting for a further 20%.

Cambodia, with a CAGR of +20.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, reducing by -25.7% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the import price increased by 27%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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