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Republic of Korea - Articles of Bitumen In Rolls - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRolled Bitumen Articles Price in South Korea - 2022
Contents:
- Rolled Bitumen Articles Price in South Korea (FOB) - 2022
- Rolled Bitumen Articles Price in South Korea (CIF) - 2022
- Rolled Bitumen Articles Exports in South Korea
- Rolled Bitumen Articles Imports in South Korea
Rolled Bitumen Articles Price in South Korea (FOB) - 2022
In December 2022, the average rolled bitumen articles export price amounted to $5.9 per square meter, increasing by 6.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 30% month-to-month. Over the period under review, the average export prices reached the peak figure at $7.0 per square meter in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($18.6 per square meter), while the average price for exports to Taiwan (Chinese) ($4.2 per square meter) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Rolled Bitumen Articles Price in South Korea (CIF) - 2022
The average rolled bitumen articles import price stood at $7.3 per square meter in December 2022, surging by 34% against the previous month. Over the period under review, the import price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in April 2022 an increase of 118% month-to-month. As a result, import price attained the peak level of $7.9 per square meter. From May 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Singapore ($8.0 per square meter), while the price for China totaled $2.2 per square meter.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.0%), while the prices for the other major suppliers experienced a decline.
Rolled Bitumen Articles Exports in South Korea
In 2022, rolled bitumen articles exports from South Korea stood at 941K square meters, growing by 4.7% against 2021 figures. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, the exports attained the peak of 1M square meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, rolled bitumen articles exports expanded slightly to $5M in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 17%. As a result, the exports reached the peak of $5.2M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Rolled Bitumen Articles in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 1,143 | 1,797 | 958 | 1,529 | 10.2% |
Taiwan (Chinese) | 678 | 627 | 412 | 658 | -1.0% |
Thailand | 641 | 820 | 391 | 658 | 0.9% |
Malaysia | 431 | 549 | 232 | 426 | -0.4% |
Indonesia | 40.4 | 52.3 | 112 | 179 | 64.2% |
Iraq | 192 | 108 | 67.8 | 128 | -12.6% |
Mongolia | 10.8 | 62.5 | 68.1 | 109 | 116.1% |
China | 26.5 | 203 | 53.7 | 100 | 55.7% |
Philippines | 15.0 | 17.0 | 11.7 | 90.0 | 81.7% |
Singapore | 126 | 40.2 | 28.0 | 51.0 | -26.0% |
Israel | 34.8 | 35.7 | 22.7 | 38.6 | 3.5% |
Hong Kong SAR | 302 | 146 | 129 | 21.7 | -58.4% |
Others | 829 | 757 | 2,340 | 1,032 | 7.6% |
Total | 4,469 | 5,215 | 4,826 | 5,021 | 4.0% |
Top Export Markets for Rolled Bitumen Articles from South Korea in 2022:
- Vietnam (380.2K square meters)
- Taiwan (Chinese) (157.4K square meters)
- Thailand (85.9K square meters)
- Iraq (47.0K square meters)
- Malaysia (46.1K square meters)
- Indonesia (28.7K square meters)
- Israel (28.2K square meters)
- Philippines (24.9K square meters)
- China (19.6K square meters)
- Mongolia (14.0K square meters)
- Singapore (12.9K square meters)
- Hong Kong SAR (2.2K square meters)
Rolled Bitumen Articles Imports in South Korea
After two years of decline, overseas purchases of articles of bitumen in rolls increased by 5.4% to 612K square meters in 2022. Over the period under review, imports, however, showed a abrupt curtailment. Over the period under review, imports attained the peak figure at 1M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, rolled bitumen articles imports reduced to $2.9M in 2022. In general, imports, however, continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by 22%. Imports peaked at $6.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Rolled Bitumen Articles in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 2,543 | 1,111 | 1,116 | 1,951 | -8.5% |
China | 1,414 | 821 | 376 | 439 | -32.3% |
United Kingdom | 31.4 | 8.8 | 96.9 | 251 | 99.9% |
United States | 1,471 | 477 | 275 | 56.9 | -66.2% |
Poland | 413 | 21.1 | 11.1 | 15.1 | -66.8% |
Others | 211 | 147 | 1,274 | 153 | -10.2% |
Total | 6,084 | 2,586 | 3,148 | 2,867 | -22.2% |
Top Suppliers of Rolled Bitumen Articles to South Korea in 2022:
- Singapore (280.7K square meters)
- China (248.0K square meters)
- United Kingdom (53.8K square meters)
- United States (4.8K square meters)
- Poland (0.9K square meters)
This report provides an in-depth analysis of the rolled bitumen articles market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the rolled bitumen articles market in Republic of Korea.
This report provides an in-depth analysis of the market for asphalt or bitumen article in Republic of Korea.
This report provides an in-depth analysis of the non-rolled bitumen products market in Republic of Korea.
This report provides an in-depth analysis of the global rolled bitumen articles market.
This report provides an in-depth analysis of the global market for asphalt or bitumen article.
This report provides an in-depth analysis of the global non-rolled bitumen products market.
This report provides an in-depth analysis of the rolled bitumen articles market in Republic of Korea.
This report provides an in-depth analysis of the market for asphalt or bitumen article in Republic of Korea.
This report provides an in-depth analysis of the non-rolled bitumen products market in Republic of Korea.
This report provides an in-depth analysis of the global rolled bitumen articles market.
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