Malaysia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Malaysia

The Malaysian non-rolled bitumen products market contracted slightly to $X in 2022, stabilizing at the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.8% against 2020 indices. Non-rolled bitumen products consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Non-Rolled Bitumen Products Production in Malaysia

In value terms, non-rolled bitumen products production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. Non-rolled bitumen products production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Malaysia

Non-rolled bitumen products exports from Malaysia contracted to X tons in 2022, with a decrease of -9.8% against the previous year's figure. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 35% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-rolled bitumen products exports reduced to $X in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), China (X tons) and the Philippines (X tons) were the main destinations of non-rolled bitumen products exports from Malaysia, together comprising 82% of total exports. Japan, Vietnam, India and Thailand lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +5.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) remains the key foreign market for non-rolled bitumen products exports from Malaysia, comprising 41% of total exports. The second position in the ranking was held by China ($X), with a 19% share of total exports. It was followed by the Philippines, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.0% per year) and the Philippines (+3.1% per year).

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, reducing by -2.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 22%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to India ($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 Japan (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Malaysia

In 2022, imports of non-rolled bitumen products into Malaysia fell to X tons, reducing by -14.1% compared with 2021. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products imports shrank to $X in 2022. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 42% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Canada (X tons) and South Korea (X tons) were the main suppliers of non-rolled bitumen products imports to Malaysia, together comprising 84% of total imports. These countries were followed by China, which accounted for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +7.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Canada ($X) and South Korea ($X) appeared to be the largest non-rolled bitumen products suppliers to Malaysia, together accounting for 83% of total imports. These countries were followed by China, which accounted for a further 15%.

China, with a CAGR of +5.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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