Report Update Nov 1, 2024

Malaysia - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Malaysia

The Malaysian bituminous mixtures market soared to $X in 2021, rising by 16% against the previous year. Over the period under review, consumption posted a perceptible increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Bituminous Mixtures Production in Malaysia

In value terms, bituminous mixtures production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of 84% against the previous year. Bituminous mixtures production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Bituminous Mixtures Exports

Exports from Malaysia

Bituminous mixtures exports from Malaysia shrank rapidly to X tons in 2021, dropping by -86.1% compared with the previous year's figure. In general, exports showed a sharp decline. The growth pace was the most rapid in 2014 with an increase of 365% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, bituminous mixtures exports shrank markedly to $X in 2021. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2014 with an increase of 354%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for bituminous mixtures exports from Malaysia, with a 93% share of total exports. It was followed by Vietnam (X tons), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at -23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-15.7% per year) and Singapore (-41.9% per year).

In value terms, China ($X) remains the key foreign market for bituminous mixtures exports from Malaysia, comprising 89% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-18.2% per year) and Singapore (-45.8% per year).

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2021, surging by 44% against the previous year. In general, the export price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 48% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.7%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Malaysia

In 2021, bituminous mixtures imports into Malaysia dropped dramatically to X tons, which is down by -20% against 2020 figures. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 4,466% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, bituminous mixtures imports declined to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of 1,941%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Singapore (X tons) was the main supplier of bituminous mixtures to Malaysia, accounting for a 96% share of total imports. Moreover, bituminous mixtures imports from Singapore exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Singapore stood at +189.5%.

In value terms, Singapore ($X) constituted the largest supplier of bituminous mixtures to Malaysia, comprising 79% of total imports. The second position in the ranking was taken by South Korea ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Singapore amounted to +132.3%.

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2021, increasing by 10% against the previous year. Over the period under review, the import price, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 an increase of 199% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Singapore amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bituminous mixtures in the world?

The country with the largest volume of bituminous mixtures consumption was China, comprising approx. 23% of total volume. Moreover, bituminous mixtures consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.8% share.

What are the largest producers of bituminous mixtures in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 39% share of global production. These countries were followed by Japan, France, Russia, Brazil, Indonesia, Italy, the UK, South Korea, Iran and Saudi Arabia, which together accounted for a further 33%.

What are the leading suppliers of bituminous mixtures to Malaysia?

In value terms, Singapore constituted the largest supplier of bituminous mixtures to Malaysia, comprising 79% of total imports. The second position in the ranking was occupied by South Korea, with a 19% share of total imports.

What are the leading importers of bituminous mixtures from Malaysia?

In value terms, China remains the key foreign market for bituminous mixtures exports from Malaysia, comprising 89% of total exports. The second position in the ranking was occupied by Vietnam, with a 4.4% share of total exports.

What is the average export price for bituminous mixtures in Malaysia?

The average bituminous mixtures export price stood at $427 per ton in 2021, jumping by 44% against the previous year.

What is the average import price for bituminous mixtures in Malaysia?

In 2021, the average bituminous mixtures import price amounted to $501 per ton, rising by 58% against the previous year.

This report provides an in-depth analysis of the bituminous mixtures market in Malaysia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991310 - Bituminous mixtures based on natural and artificial aggregate and bitumen or natural asphalt as a binder

Country coverage:

Malaysia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Malaysia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023