Africa: Methyl Isobutyl Ketone Market 2024

Methyl Isobutyl Ketone Market Size in Africa

The African methyl isobutyl ketone market skyrocketed to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Methyl Isobutyl Ketone Production in Africa

In value terms, methyl isobutyl ketone production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a mild decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Methyl Isobutyl Ketone Exports

Exports in Africa

In 2022, approx. X tons of X-methylpentan-2-one (methyl isobutyl ketone) were exported in Africa; reducing by X% on 2021 figures. Over the period under review, exports recorded a slight reduction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, methyl isobutyl ketone exports reduced notably to $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

South Africa (X tons) represented roughly X% of total exports in 2022.

South Africa was also the fastest-growing in terms of the X-methylpentan-2-one (methyl isobutyl ketone) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest methyl isobutyl ketone supplier in Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Methyl Isobutyl Ketone Imports

Imports in Africa

In 2022, overseas purchases of X-methylpentan-2-one (methyl isobutyl ketone) decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, methyl isobutyl ketone imports contracted to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Nigeria prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Tanzania (X%) and Kenya (X%). The following importers - Sierra Leone (X tons), Egypt (X tons) and Tunisia (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to methyl isobutyl ketone imports into Nigeria stood at X%. At the same time, Sierra Leone (X%), Tanzania (X%), Ghana (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Kenya experienced a relatively flat trend pattern. By contrast, Egypt (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Tanzania (X p.p.), Ghana (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total imports, while Egypt saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported X-methylpentan-2-one (methyl isobutyl ketone) in Africa, comprising X% of total imports. The second position in the ranking was taken by Kenya ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

In Nigeria, methyl isobutyl ketone imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kenya (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methyl isobutyl ketone import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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