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India - 4-Methylpentan-2-One (Methyl Isobutyl Ketone) - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Mar 21, 2023
Methyl Isobutyl Ketone Price in India Increases Slightly to $1,351 per Ton
India Methyl Isobutyl Ketone Import Price in November 2022
In November 2022, the methyl isobutyl ketone price amounted to $1,351 per ton (CIF, India), rising by 3.8% against the previous month. Over the period under review, the import price, however, showed a pronounced decrease. The import price peaked at $2,110 per ton in January 2022; however, from February 2022 to November 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2022, the country with the highest price was South Korea ($1,358 per ton), while the price for South Africa stood at $1,255 per ton.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by South Africa (-2.1%), while the prices for the other major suppliers experienced a decline.
India Methyl Isobutyl Ketone Imports
After three months of decline, supplies from abroad of 4-methylpentan-2-one (methyl isobutyl ketone) increased by 330% to 5K tons in November 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 with an increase of 740% month-to-month. Imports peaked at 5.6K tons in May 2022; however, from June 2022 to November 2022, imports remained at a lower figure.
In value terms, methyl isobutyl ketone imports surged to $6.8M (IndexBox estimates) in November 2022. In general, imports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in July 2022 with an increase of 698% month-to-month. Imports peaked at 11K tons in January 2022; however, from February 2022 to November 2022, imports stood at a somewhat lower figure.
India Methyl Isobutyl Ketone Imports by Country
In November 2022, South Korea (4.2K tons) constituted the largest methyl isobutyl ketone supplier to India, accounting for a 84% share of total imports. Moreover, methyl isobutyl ketone imports from South Korea exceeded the figures recorded by the second-largest supplier, South Africa (800 tons), fivefold.
From January 2022 to November 2022, the average monthly rate of growth in terms of volume from South Korea stood at +3.5%.
In value terms, South Korea ($5.8M) constituted the largest supplier of methyl isobutyl ketone to India, comprising 85% of total imports. The second position in the ranking was taken by South Africa ($1M), with a 15% share of total imports.
From January 2022 to November 2022, the average monthly rate of growth in terms of value from South Korea amounted to -2.3%.
Factors Affecting Methyl Isobutyl Ketone Price Growth
Methyl Isobutyl Ketone (MIBK) is a solvent used in a variety of industries, including paints, pharmaceuticals, and printing inks. It is a colorless liquid with a characteristic odor and is known for its excellent solvent properties.
In recent news, the price of MIBK in India has seen a slight increase, with the current price standing at $1,351 per ton. This rise in price can be attributed to a number of factors, including the supply-demand dynamics of the market, fluctuations in crude oil prices, and changes in government policies.
MIBK is an important chemical used in the manufacture of a variety of products, and any change in its price has a significant impact on the downstream industries. However, the rise in price is not expected to have a major impact on the overall demand for MIBK, as it continues to remain an essential solvent in various processes.
The Indian chemical industry is growing at a rapid pace, and the demand for MIBK is expected to increase in the coming years. The rising price of MIBK may lead to some concerns for the downstream industries, but it is also an opportunity for the industry to explore alternative solvents and improve their efficiency.
In conclusion, the slight rise in price of Methyl Isobutyl Ketone in India is a reflection of the complex dynamics of the chemical industry. While it may lead to some short-term concerns, it is also an opportunity for the industry to adapt and innovate to meet the evolving demands of the market.
This report provides an in-depth analysis of the methyl isobutyl ketone market in India. 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 20146215 - 4-Methylpentan-2-one (methyl isobutyl ketone)
Country coverage:
• India
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in India
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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