Philippines: Non-Rolled Bitumen Products Market 2025

Non-Rolled Bitumen Products Market Size in the Philippines

The Philippine non-rolled bitumen products market skyrocketed to $X in 2022, growing by 137% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Rolled Bitumen Products Exports

Exports from the Philippines

In 2022, non-rolled bitumen products exports from the Philippines soared to X tons, jumping by 79% against the year before. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 981% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-rolled bitumen products exports soared to $X in 2022. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 516% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Vietnam (X tons) was the main destination for non-rolled bitumen products exports from the Philippines, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled +38.6%.

In value terms, Vietnam ($X) also remains the key foreign market for non-rolled bitumen products exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at +35.1%.

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, picking up by 2.9% against the previous year. Overall, the export price enjoyed perceptible growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +12.1% per year.

Non-Rolled Bitumen Products Imports

Imports into the Philippines

In 2022, the amount of non-rolled bitumen products imported into the Philippines surged to X tons, increasing by 115% against 2021 figures. Over the period under review, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-rolled bitumen products imports soared to $X in 2022. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of non-rolled bitumen products to the Philippines, accounting for a 52% share of total imports. Moreover, non-rolled bitumen products imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +48.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.1% per year) and the United States (-1.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of non-rolled bitumen products to the Philippines, comprising 52% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 24% share of total imports. It was followed by the United States, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +57.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+13.9% per year) and the United States (+3.4% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2018 an increase of 34%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Canada ($X per ton), while the price for Italy ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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