Eastern Asia: Asphalted Paper Market 2025

Asphalted Paper Market Size in Eastern Asia

The East Asian asphalted paper market skyrocketed to $X in 2022, growing by 21% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Asphalted Paper Production in Eastern Asia

In value terms, asphalted paper production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Asphalted Paper Exports

Exports in Eastern Asia

In 2022, approx. X tons of tarred, bituminised or asphalted paper and paperboard were exported in Eastern Asia; declining by -6.9% compared with the year before. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 41%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, asphalted paper exports shrank notably to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 70%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) represented the main exporter of tarred, bituminised or asphalted paper and paperboard, achieving 63% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 28% share, followed by South Korea (5.9%). Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of tarred, bituminised or asphalted paper and paperboard. At the same time, Japan (+10.8%) and South Korea (+2.6%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +10.8% from 2012-2022. By contrast, Taiwan (Chinese) (-17.8%) illustrated a downward trend over the same period. China (+41 p.p.), South Korea (+4.2 p.p.) and Japan (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -45.3% from 2012 to 2022, respectively.

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2022, together comprising 96% of total exports.

In terms of the main exporting countries, Japan, with a CAGR of +35.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, waning by -22.4% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 28%. The level of export peaked at $X per ton in 2021, and then shrank remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+21.8%), while the other leaders experienced mixed trends in the export price figures.

Asphalted Paper Imports

Imports in Eastern Asia

In 2022, asphalted paper imports in Eastern Asia dropped markedly to X tons, waning by -18.3% compared with 2021. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 32%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, asphalted paper imports contracted markedly to $X in 2022. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 64%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) represented the key importer of tarred, bituminised or asphalted paper and paperboard, mixing up 62% of total imports. It was distantly followed by Hong Kong SAR (X tons), Macao SAR (X tons) and South Korea (X tons), together generating a 30% share of total imports. China (X tons) and Democratic People's Republic of Korea (X tons) took a little share of total imports.

Imports into Japan decreased at an average annual rate of -6.1% from 2012 to 2022. Macao SAR experienced a relatively flat trend pattern. Hong Kong SAR (-2.0%), South Korea (-9.4%), Democratic People's Republic of Korea (-14.8%) and China (-21.7%) illustrated a downward trend over the same period. Japan (+10 p.p.), Hong Kong SAR (+6.6 p.p.) and Macao SAR (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Democratic People's Republic of Korea and China saw its share reduced by -3.7% and -16.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported tarred, bituminised or asphalted paper and paperboard in Eastern Asia, comprising 62% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total imports. It was followed by China, with an 11% share.

In Japan, asphalted paper imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (-3.2% per year) and China (-15.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, which is down by -16% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, asphalted paper import price increased by +25.1% against 2017 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 29% against the previous year. The level of import peaked at $X per ton in 2021, and then contracted rapidly in the following year.

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 ($X per ton), while Democratic People's Republic of Korea ($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 (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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