Indonesia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Indonesia

The Indonesian non-rolled bitumen products market rose slightly to $X in 2022, increasing by 4.1% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +1.3% against 2019 indices. Non-rolled bitumen products consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Non-Rolled Bitumen Products Production in Indonesia

In value terms, non-rolled bitumen products production reduced to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.6% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Non-Rolled Bitumen Products Exports

Exports from Indonesia

In 2022, exports of non-rolled bitumen products from Indonesia declined rapidly to X tons, with a decrease of -17.2% against the previous year's figure. In general, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 353%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, non-rolled bitumen products exports reduced sharply to $X in 2022. Overall, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 81%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for non-rolled bitumen products exports from Indonesia, with a 85% share of total exports. Moreover, non-rolled bitumen products exports to South Korea exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+63.9% per year) and Vietnam (+24.4% per year).

In value terms, South Korea ($X) remains the key foreign market for non-rolled bitumen products exports from Indonesia, comprising 75% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Korea stood at +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+66.7% per year) and Vietnam (+25.7% per year).

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price saw a perceptible decline. The growth pace was the most rapid in 2013 when the average export price increased by 81%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Indonesia

In 2022, approx. X tons of non-rolled bitumen products were imported into Indonesia; increasing by 148% compared with 2021 figures. Over the period under review, imports showed resilient growth. As a result, imports reached 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. In general, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Russia (X tons) and China (X tons) were the main suppliers of non-rolled bitumen products imports to Indonesia, with a combined 62% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +125.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of non-rolled bitumen products to Indonesia, comprising 39% of total imports. The second position in the ranking was taken by Russia ($X), with an 18% share of total imports. It was followed by Turkey, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+116.1% per year) and Turkey (+94.3% per year).

Import Prices by Country

The average non-rolled bitumen products import price stood at $X per ton in 2022, declining by -2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Italy ($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 (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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