ASEAN: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in ASEAN

The ASEAN rolled bitumen articles market totaled $X in 2023, increasing by X% against the previous year. The total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2014 indices. The level of consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Rolled Bitumen Articles Production in ASEAN

In value terms, rolled bitumen articles production totaled $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports in ASEAN

In 2023, after two years of growth, there was significant decline in overseas shipments of articles of bitumen in rolls, when their volume decreased by X% to X square meters. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, rolled bitumen articles exports plummeted to $X in 2023. Over the period under review, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore prevails in exports structure, recording X square meters, which was approx. X% of total exports in 2023. It was distantly followed by Malaysia (X square meters), constituting a X% share of total exports. Thailand (X square meters) and Vietnam (X square meters) followed a long way behind the leaders.

Exports from Singapore decreased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Malaysia, Thailand and Vietnam increased by X, X and X percentage points, respectively.

In value terms, Singapore ($X) remains the largest rolled bitumen articles supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per square meter, declining by X% against the previous year. Over the period under review, the export price showed a noticeable decrease. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per square meter), while Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Rolled Bitumen Articles Imports

Imports in ASEAN

For the third consecutive year, ASEAN recorded growth in purchases abroad of articles of bitumen in rolls, which increased by X% to X square meters in 2023. Total imports indicated a prominent expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the near future.

In value terms, rolled bitumen articles imports stood at $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in years to come.

Imports by Country

In 2023, Vietnam (X square meters), Malaysia (X square meters) and Indonesia (X square meters) represented the major importer of articles of bitumen in rolls in ASEAN, committing X% of total import. Thailand (X square meters) ranks next in terms of the total imports with a X% share, followed by Singapore (X%) and the Philippines (X%). Cambodia (X square meters) took a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Cambodia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Thailand, the Philippines, Singapore and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the import price in ASEAN amounted to $X per square meter, declining by X% against the previous year. Over the period under review, the import price recorded a mild reduction. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the Philippines ($X per square meter) and Thailand ($X per square meter), while Indonesia ($X per square meter) and Singapore ($X per square meter) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform