Republic of Korea - 4-Methylpentan-2-One (Methyl Isobutyl Ketone) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethyl Isobutyl Ketone Price in South Korea - 2022
Contents:
- Methyl Isobutyl Ketone Price in South Korea (FOB) - 2022
- Methyl Isobutyl Ketone Price in South Korea (CIF) - 2022
- Methyl Isobutyl Ketone Exports in South Korea
- Methyl Isobutyl Ketone Imports in South Korea
Methyl Isobutyl Ketone Price in South Korea (FOB) - 2022
The average methyl isobutyl ketone export price stood at $1,202 per ton in December 2022, leveling off at the previous month. Overall, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 18% against the previous month. The export price peaked at $2,148 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In December 2022, the country with the highest price was the Netherlands ($1,504 per ton), while the average price for exports to China ($1,165 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.3%), while the prices for the other major destinations experienced a decline.
Methyl Isobutyl Ketone Price in South Korea (CIF) - 2022
In 2022, the average methyl isobutyl ketone import price amounted to $2,217 per ton, picking up by 17% against the previous year. In general, the import price recorded a mild increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($2,306 per ton), while the price for Japan ($2,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Methyl Isobutyl Ketone Exports in South Korea
Methyl isobutyl ketone exports from South Korea shrank remarkably to 44K tons in 2022, which is down by -25.7% on 2021 figures. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 150% against the previous year. As a result, the exports reached the peak of 59K tons, and then shrank significantly in the following year.
In value terms, methyl isobutyl ketone exports declined rapidly to $60M in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 229% against the previous year. As a result, the exports reached the peak of $85M, and then reduced sharply in the following year.
| Export of Methyl Isobutyl Ketone in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.3 | 14.8 | 55.3 | 33.6 | 39.8% |
| China | 9.6 | 7.3 | 18.1 | 14.1 | 13.7% |
| Belgium | 0.2 | 0.2 | 0.8 | 5.3 | 198.1% |
| Netherlands | 0.1 | N/A | 0.4 | 3.7 | 233.2% |
| Vietnam | 0.7 | 1.0 | 2.5 | 1.2 | 19.7% |
| Germany | 1.6 | N/A | 4.2 | 0.1 | -60.3% |
| Others | 3.4 | 2.6 | 3.9 | 1.7 | -20.6% |
| Total | 28.0 | 25.9 | 85.2 | 59.7 | 28.7% |
Top Export Markets for Methyl Isobutyl Ketone from South Korea in 2022:
- India (24.7K tons)
- China (11.5K tons)
- Belgium (3.3K tons)
- Netherlands (2.8K tons)
- Vietnam (0.7K tons)
- Germany (0.1K tons)
Methyl Isobutyl Ketone Imports in South Korea
Methyl isobutyl ketone imports into South Korea contracted notably to 2.8K tons in 2022, with a decrease of -43.5% against the previous year's figure. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
In value terms, methyl isobutyl ketone imports declined notably to $6.1M in 2022. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, imports reached the peak of $9.3M, and then reduced notably in the following year.
| Import of Methyl Isobutyl Ketone in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2.3 | 2.7 | 4.3 | 2.4 | 1.4% |
| Japan | 1.3 | 1.7 | 2.6 | 2.2 | 19.2% |
| United States | 1.4 | 1.1 | 2.4 | 1.5 | 2.3% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 5.0 | 5.4 | 9.3 | 6.1 | 6.9% |
Top Suppliers of Methyl Isobutyl Ketone to South Korea in 2022:
- Japan (1050.4 tons)
- South Africa (1043.2 tons)
- United States (670.3 tons)
This report provides an in-depth analysis of the methyl isobutyl ketone market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
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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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