Thailand: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Thailand

For the third consecutive year, the Thai non-rolled bitumen products market recorded growth in sales value, which increased by 32% to $X in 2022. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +44.9% against 2018 indices. 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 Thailand

In 2022, shipments abroad of non-rolled bitumen products increased by 31% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 86%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a deep slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons), Lao People's Democratic Republic (X tons) and Maldives (X tons) were the main destinations of non-rolled bitumen products exports from Thailand, with a combined 78% share of total exports. Cambodia, Vietnam and Malaysia lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +160.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-rolled bitumen products exported from Thailand were Lao People's Democratic Republic ($X), Myanmar ($X) and Cambodia ($X), with a combined 66% share of total exports.

Cambodia, with a CAGR of +161.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-rolled bitumen products export price amounted to $X per ton, with an increase of 32% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Malaysia ($X per ton), while the average price for exports to Myanmar ($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 Maldives (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Thailand

In 2022, purchases abroad of non-rolled bitumen products increased by 27% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2020 indices. 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. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), South Korea (X tons) and Russia (X tons) were the main suppliers of non-rolled bitumen products imports to Thailand, together comprising 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +71.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-rolled bitumen products suppliers to Thailand were South Korea ($X), China ($X) and Russia ($X), together comprising 82% of total imports.

Among the main suppliers, Russia, with a CAGR of +55.3%, saw 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 non-rolled bitumen products import price stood at $X per ton in 2022, surging by 7.8% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 14%. The import price peaked at $X per ton in 2012; however, from 2013 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 Malaysia ($X per ton), while the price for China ($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 (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :