ASEAN: Asphalted Paper Market 2024

Asphalted Paper Market Size in ASEAN

For the fourth consecutive year, the ASEAN asphalted paper market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Asphalted Paper Production in ASEAN

In value terms, asphalted paper production declined to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Asphalted Paper Exports

Exports in ASEAN

In 2022, shipments abroad of tarred, bituminised or asphalted paper and paperboard increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, recorded a deep slump. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, asphalted paper exports amounted to $X in 2022. In general, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%). Thailand (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the tarred, bituminised or asphalted paper and paperboard exports, with a CAGR of X% from 2012 to 2022. Indonesia (X%), Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled 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

The export price in ASEAN stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, showed modest growth. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined remarkably in the following year.

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 Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Asphalted Paper Imports

Imports in ASEAN

In 2022, purchases abroad of tarred, bituminised or asphalted paper and paperboard increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a perceptible increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, asphalted paper imports expanded significantly to $X in 2022. Overall, imports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Myanmar represented the largest importer of tarred, bituminised or asphalted paper and paperboard in ASEAN, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Thailand (X tons), Cambodia (X tons) and Indonesia (X tons), together creating a X% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

Myanmar was also the fastest-growing in terms of the tarred, bituminised or asphalted paper and paperboard imports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Vietnam (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar and Cambodia increased by X and X percentage points, respectively.

In value terms, Thailand ($X), Myanmar ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Cambodia and Vietnam lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :