Asia: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Asia

The Asian bituminous mixtures market dropped to $X in 2022, falling by X% against the previous year. The total consumption indicated a temperate 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 2013 indices. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Bituminous Mixtures Production in Asia

In value terms, bituminous mixtures production dropped slightly to $X in 2022 estimated in export price. The total production indicated perceptible growth 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Bituminous Mixtures Exports

Exports in Asia

For the fourth consecutive year, Asia recorded growth in shipments abroad of bituminous mixtures, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, bituminous mixtures exports surged to $X in 2022. Overall, exports showed strong growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Japan prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Malaysia (X tons), making up a X% share of total exports. The following exporters - Iraq (X tons), China (X tons), Iran (X tons), Singapore (X tons) and Oman (X tons) - together made up X% of total exports.

Japan was also the fastest-growing in terms of the bituminous mixtures exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%), Iraq (X%), China (X%), Iran (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. Japan (X p.p.), Iraq (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while Iran, Malaysia and Singapore saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) emerged as the largest bituminous mixtures supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 China ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Bituminous Mixtures Imports

Imports in Asia

In 2022, after three years of growth, there was significant decline in overseas purchases of bituminous mixtures, when their volume decreased by X% to X tons. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, bituminous mixtures imports fell modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

China (X tons) represented roughly X% of total imports in 2022.

China was also the fastest-growing in terms of the bituminous mixtures imports, with a CAGR of X% from 2012 to 2022. China (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported bituminous mixtures in Asia.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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