South-Eastern Asia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in South-Eastern Asia

The Southeast Asian non-rolled bitumen products market stood at $X in 2022, growing by 4.6% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +7.1% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Non-Rolled Bitumen Products Production in South-Eastern Asia

In value terms, non-rolled bitumen products production dropped modestly to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +1.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 25%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Non-Rolled Bitumen Products Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of non-rolled bitumen products were exported in South-Eastern Asia; falling by -10% against the previous year's figure. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 41%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products exports reduced to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia was the main exporter of non-rolled bitumen products in South-Eastern Asia, with the volume of exports accounting for X tons, which was approx. 82% of total exports in 2022. It was distantly followed by Indonesia (X tons), achieving a 15% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-rolled bitumen products exports from Malaysia stood at -6.9%. At the same time, Indonesia (+13.5%) and the Philippines (+7.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +13.5% from 2012-2022. While the share of Indonesia (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest non-rolled bitumen products supplier in South-Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled -6.8%. In the other countries, the average annual rates were as follows: Indonesia (+9.0% per year) and the Philippines (+11.7% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2017 when the export price increased by 22% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Non-Rolled Bitumen Products Imports

Imports in South-Eastern Asia

Non-rolled bitumen products imports surged to X tons in 2022, picking up by 79% on 2021 figures. In general, imports saw a buoyant increase. 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. Overall, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia represented the largest importing country with an import of about X tons, which resulted at 50% of total imports. It was distantly followed by the Philippines (X tons), Thailand (X tons) and Vietnam (X tons), together generating a 46% share of total imports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-rolled bitumen products imports into Indonesia stood at +9.8%. At the same time, Vietnam (+14.9%), the Philippines (+8.6%) and Thailand (+8.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +14.9% from 2012-2022. By contrast, Malaysia (-7.2%) illustrated a downward trend over the same period. Indonesia (+6.5 p.p.) and Vietnam (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -8.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported non-rolled bitumen products in South-Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by the Philippines ($X), with a 21% share of total imports. It was followed by Thailand, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at +11.4%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+12.7% per year) and Thailand (+4.3% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by 6.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 13% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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