Eastern Asia: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Eastern Asia

In 2021, after four years of growth, there was decline in the East Asian rolled bitumen articles market, when its value decreased by -4.2% to $X. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.1% against 2016 indices. The level of consumption peaked at $X in 2020, and then fell in the following year.

Rolled Bitumen Articles Production in Eastern Asia

In value terms, rolled bitumen articles production dropped to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.5% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 27%. The level of production peaked at $X in 2020, and then shrank in the following year.

Rolled Bitumen Articles Exports

Exports in Eastern Asia

In 2021, after two years of growth, there was significant decline in shipments abroad of articles of bitumen in rolls, when their volume decreased by -17.5% to X square meters. In general, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of 19%. As a result, the exports reached the peak of X square meters. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, rolled bitumen articles exports declined to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

China represented the largest exporting country with an export of about X square meters, which recorded 85% of total exports. It was distantly followed by South Korea (X square meters), achieving a 12% share of total exports.

Exports from China decreased at an average annual rate of -3.5% from 2012 to 2021. At the same time, South Korea (+4.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +4.6% from 2012-2021. From 2012 to 2021, the share of South Korea increased by +6.1 percentage points.

In value terms, China ($X) remains the largest rolled bitumen articles supplier in Eastern Asia, comprising 84% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +3.5%.

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2021, jumping by 18% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rolled bitumen articles export price increased by +78.5% against 2017 indices. The growth pace was the most rapid in 2018 when the export price increased by 27%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per square meter), while South Korea stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%).

Rolled Bitumen Articles Imports

Imports in Eastern Asia

In 2021, approx. X square meters of articles of bitumen in rolls were imported in Eastern Asia; stabilizing at the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 22%. As a result, imports attained the peak of X square meters. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, rolled bitumen articles imports expanded sharply to $X in 2021. Overall, imports saw a pronounced reduction. The growth pace was the most rapid in 2014 when imports increased by 23%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2021, picking up by 9.1% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 when the import price increased by 19% against the previous year. Over the period under review, import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per square meter), while Democratic People's Republic of Korea ($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 Japan (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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