Shipments of asphalt roofing products in the United States and Canada followed the years-long trend of slowing down in the third quarter, with 2023 potentially experiencing the lowest number of shipments in years for certain products.
The Q3 2023 Quarterly Product Shipment Report from the Asphalt Roofing Manufacturers Association [ARMA] revealed the amount of shipments for shingles, built-up roofing [BUR] and modified bitumen dropped in the third quarter. Like the previous two years, shipments decreased compared to a strong Q2, with most of the decreases in the double-digit percentages.