Colombia - Butanone (Methyl Ethyl Ketone) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingButanone Price in Colombia - 2022
Contents:
- Butanone Price in Colombia (CIF) - 2022
- Butanone Price in Colombia (FOB) - 2022
- Butanone Imports in Colombia
- Butanone Exports in Colombia
Butanone Price in Colombia (CIF) - 2022
The average butanone import price stood at $2,192 per ton in February 2022, shrinking by -26.7% against the previous month. Overall, the import price, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in June 2021 an increase of 667% m-o-m. The import price peaked at $14,720 per ton in July 2021; however, from August 2021 to February 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In February 2022, the country with the highest price was the United States ($2,868 per ton), while the price for Brazil totaled $2,031 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Butanone Price in Colombia (FOB) - 2022
The average butanone export price stood at $2,208 per ton in 2022, approximately reflecting the previous year. In general, the export price recorded a perceptible contraction. The growth pace was the most rapid in 2013 when the average export price increased by 32%. As a result, the export price reached the peak level of $4,024 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($2,761 per ton), while the average price for exports to Ecuador ($1,932 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-1.9%), while the prices for the other major destinations experienced a decline.
Butanone Imports in Colombia
In 2022, the amount of butanone (methyl ethyl ketone) imported into Colombia declined to 1.7K tons, falling by -10.8% against the year before. Over the period under review, imports saw a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports reached the peak of 1.9K tons, and then reduced in the following year.
In value terms, butanone imports shrank to $2.7M in 2022. Overall, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when imports increased by 17%.
Import of Butanone in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,941 | 1,056 | 1,466 | 1,634 | -5.6% |
United States | 453 | 456 | 606 | 462 | 0.7% |
Netherlands | 123 | 139 | 156 | 143 | 5.2% |
South Africa | 129 | 127 | 100 | 116 | -3.5% |
Brazil | 238 | 481 | 242 | 113 | -22.0% |
Argentina | 55.7 | 49.3 | 36.6 | 31.0 | -17.7% |
Others | 92.4 | 136 | 262 | 157 | 19.3% |
Total | 3,031 | 2,444 | 2,869 | 2,657 | -4.3% |
Top Suppliers of Butanone to Colombia in 2022:
- China (1136.8 tons)
- United States (176.1 tons)
- Netherlands (113.7 tons)
- South Africa (76.2 tons)
- Brazil (72.8 tons)
- Argentina (34.5 tons)
Butanone Exports in Colombia
In 2022, shipments abroad of butanone (methyl ethyl ketone) decreased by -2.7% to 26 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 5.8% against the previous year. As a result, the exports attained the peak of 26 tons, and then shrank in the following year.
In value terms, butanone exports dropped to $56K in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 7.4% against the previous year.
Export of Butanone in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ghana | 45.8 | 49.3 | 53.0 | 51.3 | 3.9% |
Armenia | 3.0 | 3.1 | 3.2 | 3.0 | 0.0% |
Ecuador | 1.8 | 2.0 | 2.2 | 2.1 | 5.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 50.7 | 54.4 | 58.4 | 56.4 | 3.6% |
Top Export Markets for Butanone from Colombia in 2022:
- Ghana (23.3 tons)
- Ecuador (1.1 tons)
- Armenia (1.1 tons)
This report provides an in-depth analysis of the butanone market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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.
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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
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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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