China - Butanone (Methyl Ethyl Ketone) - Market Analysis, Forecast, Size, Trends And Insights
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Contents:
- Butanone Price in China (FOB) - 2023
- Butanone Price in China (CIF) - 2022
- Butanone Exports in China
- Butanone Imports in China
Butanone Price in China (FOB) - 2023
In June 2023, the average butanone export price amounted to $954 per ton, dropping by -10% against the previous month. Over the period under review, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 6% m-o-m. Over the period under review, the average export prices hit record highs at $1,787 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In June 2023, the countries with the highest prices were Pakistan ($1,208 per ton) and Colombia ($1,177 per ton), while the average price for exports to India ($840 per ton) and Malaysia ($913 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-0.4%), while the prices for the other major destinations experienced a decline.
Butanone Price in China (CIF) - 2022
The average butanone import price stood at $2,404 per ton in 2022, with an increase of 43% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanone import price increased by +66.0% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 44% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($19,396 per ton), while the price for Japan ($2,276 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Butanone Exports in China
In 2022, exports of butanone (methyl ethyl ketone) from China soared to 255K tons, with an increase of 79% compared with 2021. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, butanone exports surged to $385M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Butanone in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 53.6 | 53.3 | 54.2 | 108 | 26.3% |
| Vietnam | 18.7 | 20.0 | 18.8 | 57.6 | 45.5% |
| Indonesia | 27.1 | 25.9 | 24.1 | 57.0 | 28.1% |
| India | 1.5 | 9.2 | 4.1 | 45.9 | 212.8% |
| Thailand | 2.5 | 5.2 | 6.8 | 12.2 | 69.6% |
| Philippines | 7.2 | 4.8 | 7.9 | 11.1 | 15.5% |
| Netherlands | 1.1 | 3.9 | 2.5 | 6.9 | 84.4% |
| Russia | 2.7 | 2.8 | 3.0 | 6.7 | 35.4% |
| Germany | 0.6 | 1.4 | N/A | 6.6 | 122.4% |
| Turkey | 1.5 | 2.9 | 4.0 | 6.2 | 60.5% |
| United States | 4.7 | 3.6 | 0.3 | 5.5 | 5.4% |
| Taiwan (Chinese) | 26.0 | N/A | N/A | N/A | 0% |
| Others | 16.6 | 44.3 | 33.0 | 61.2 | 54.5% |
| Total | 164 | 177 | 159 | 385 | 32.9% |
Top Export Markets for Butanone from China in 2022:
- South Korea (73.7K tons)
- Indonesia (39.0K tons)
- Vietnam (38.7K tons)
- India (32.0K tons)
- Thailand (7.2K tons)
- Philippines (6.8K tons)
- Netherlands (4.3K tons)
- Russia (4.1K tons)
- Germany (4.0K tons)
- Turkey (3.9K tons)
- United States (3.1K tons)
Butanone Imports in China
In 2022, overseas purchases of butanone (methyl ethyl ketone) decreased by -68.7% to 368 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2020 when imports increased by 158%.
In value terms, butanone imports reduced remarkably to $884K in 2022. Over the period under review, imports, however, showed a modest increase. The pace of growth appeared the most rapid in 2020 with an increase of 75%.
| Import of Butanone in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 133 | 95.2 | 64.2 | 60.7 | -23.0% |
| South Africa | N/A | N/A | 2.3 | 24.0 | 943.5% |
| Japan | 90.9 | 187 | 260 | 20.0 | -39.6% |
| Germany | 44.0 | 9.0 | 12.3 | 18.3 | -25.4% |
| Taiwan (Chinese) | 528 | N/A | N/A | N/A | 0% |
| Others | 45.8 | 1,179 | 1,632 | 761 | 155.2% |
| Total | 841 | 1,471 | 1,971 | 884 | 1.7% |
Top Suppliers of Butanone to China in 2022:
- Japan (8.8 tons)
- United States (8.3 tons)
- South Africa (5.0 tons)
- Germany (0.9 tons)
This report provides an in-depth analysis of the butanone market in China. 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 20146213 - Butanone (methyl ethyl ketone)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
-
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
-
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
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