Report Update Nov 1, 2024

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

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Philippines: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in the Philippines

The Philippine bituminous mixtures market fell to $X in 2021, with a decrease of -10.2% against the previous year. Overall, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Bituminous Mixtures Production in the Philippines

In value terms, bituminous mixtures production reduced to $X in 2021 estimated in export price. In general, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 46%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Bituminous Mixtures Exports

Exports by Country

China (X tons) was the main destination for bituminous mixtures exports from the Philippines, with a approx. 99.9% share of total exports.

From 2016 to 2016, the average annual growth rate of volume to China was relatively modest.

From 2016 to 2016, the average annual growth rate of value to China was relatively modest.

Bituminous Mixtures Imports

Imports into the Philippines

In 2021, approx. X tons of bituminous mixtures were imported into the Philippines; growing by 409% on the previous year. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 8,504%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, bituminous mixtures imports surged to $X in 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 2,917%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

Russia (X tons), Malaysia (X tons) and Thailand (X tons) were the main suppliers of bituminous mixtures imports to the Philippines, together accounting for 67% of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +1,137.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bituminous mixtures suppliers to the Philippines were Russia ($X), Thailand ($X) and Malaysia ($X), together comprising 64% of total imports.

Among the main suppliers, Russia, with a CAGR of +990.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2021, shrinking by -29.2% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2019 when the average import price increased by 85%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of bituminous mixtures consumption, 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. The third position in this ranking was occupied by India, 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. Japan, France, Russia, Brazil, Indonesia, Italy, the UK, South Korea, Iran and Saudi Arabia lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of bituminous mixtures to the Philippines?

In value terms, Russia, the United Arab Emirates and Thailand appeared to be the largest bituminous mixtures suppliers to the Philippines, with a combined 59% share of total imports.

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

In 2016, the average bituminous mixtures export price amounted to $252 per ton, approximately reflecting the previous year.

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

The average bituminous mixtures import price stood at $1,044 per ton in 2021, growing by 22% against the previous year.

This report provides an in-depth analysis of the bituminous mixtures market in the Philippines. 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:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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