Eastern Asia: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Eastern Asia

The East Asian rolled bitumen articles market was estimated at $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Rolled Bitumen Articles Production in Eastern Asia

In value terms, rolled bitumen articles production rose slightly to $X in 2023 estimated in export price. The total production indicated temperate growth 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Rolled Bitumen Articles Exports

Exports in Eastern Asia

In 2023, rolled bitumen articles exports in Eastern Asia surged to X square meters, jumping by X% on the previous year's figure. Total exports indicated a moderate 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, exports increased by X% against 2021 indices. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, rolled bitumen articles exports expanded modestly to $X in 2023. Total exports indicated a resilient expansion 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, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in years to come.

Exports by Country

China dominates exports structure, recording X square meters, which was near X% of total exports in 2023. It was distantly followed by South Korea (X square meters), creating a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest rolled bitumen articles supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

In China, rolled bitumen articles exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per square meter in 2023, with a decrease of X% against the previous year. Export price indicated a measured expansion from 2012 to 2023: its price 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, rolled bitumen articles export price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked at $X per square meter in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while China amounted to $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Rolled Bitumen Articles Imports

Imports in Eastern Asia

In 2023, the amount of articles of bitumen in rolls imported in Eastern Asia contracted to X square meters, reducing by X% against the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, rolled bitumen articles imports dropped to $X in 2023. In general, imports continue to indicate a slight setback. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) was the main importer of articles of bitumen in rolls in Eastern Asia, with the volume of imports finishing at X square meters, which was near X% of total imports in 2023. South Korea (X square meters) took an X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%), Hong Kong SAR (X%) and Democratic People's Republic of Korea (X%). Japan (X square meters) followed a long way behind the leaders.

Taiwan (Chinese) experienced a relatively flat trend pattern with regard to volume of imports of articles of bitumen in rolls. At the same time, South Korea (X%) and Democratic People's Republic of Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, China (X%), Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Korea, Taiwan (Chinese) and Democratic People's Republic of Korea increased by X, X and X percentage points, respectively.

In value terms, the largest rolled bitumen articles importing markets in Eastern Asia were Taiwan (Chinese) ($X), South Korea ($X) and China ($X), with a combined X% share of total imports.

In terms of the main importing countries, South Korea, 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 mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per square meter, which is down by X% against the previous year. Overall, the import price recorded a slight contraction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per square meter), while Democratic People's Republic of Korea ($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 Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform