Eastern Asia: Methyl Isobutyl Ketone Market 2024

Methyl Isobutyl Ketone Market Size in Eastern Asia

In 2022, the East Asian methyl isobutyl ketone market decreased by X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption recorded a mild curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Methyl Isobutyl Ketone Production in Eastern Asia

In value terms, methyl isobutyl ketone production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Methyl Isobutyl Ketone Exports

Exports in Eastern Asia

In 2022, approx. X tons of X-methylpentan-2-one (methyl isobutyl ketone) were exported in Eastern Asia; which is down by X% against the previous year's figure. Total exports indicated a moderate expansion from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, methyl isobutyl ketone exports declined dramatically to $X in 2022. Overall, exports, however, posted modest growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

South Korea represented the largest exporter of X-methylpentan-2-one (methyl isobutyl ketone) in Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together achieving a X% share of total exports. The following exporters - Hong Kong SAR (X tons) and China (X tons) - each finished at a X% share of total exports.

Exports from South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) and China (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Hong Kong SAR and China increased by X, X and X percentage points, respectively.

In value terms, South Korea ($X) remains the largest methyl isobutyl ketone supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Methyl Isobutyl Ketone Imports

Imports in Eastern Asia

In 2022, imports of X-methylpentan-2-one (methyl isobutyl ketone) in Eastern Asia shrank dramatically to X tons, reducing by X% against the previous year. In general, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, methyl isobutyl ketone imports declined rapidly to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China was the major importing country with an import of about X tons, which accounted for X% of total imports. Hong Kong SAR (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%). Taiwan (Chinese) (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to methyl isobutyl ketone imports into China stood at X%. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. Hong Kong SAR (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea 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, China ($X) constitutes the largest market for imported X-methylpentan-2-one (methyl isobutyl ketone) in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, declining by X% against the previous year. Overall, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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