Eastern Asia: Market for Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone)) 2024

Market Size for Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone)) in Eastern Asia

In 2022, the East Asian market for acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) was finally on the rise to reach $X after three years of decline. 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 reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), X-Methylpentan-2- One (Methyl Isobutyl Ketone)) in Eastern Asia

In value terms, production of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) declined modestly to $X in 2022 estimated in export price. The total production indicated a moderate 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone))

Exports in Eastern Asia

In 2022, exports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) in Eastern Asia dropped rapidly to X tons, reducing by X% compared with the previous year's figure. Total exports indicated temperate growth 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 most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, exports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) contracted to $X in 2022. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

China was the main exporter of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) in Eastern Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Japan (X tons), comprising an X% share of total exports. South Korea (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest acyclic ketones without other oxygen function supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with an X% share of total exports.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Imports of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone))

Imports in Eastern Asia

Imports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) shrank to X tons in 2022, falling by X% against the previous year's figure. The total import volume 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 throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, imports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) shrank to $X in 2022. Total imports indicated a measured expansion 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 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) was the key importer of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)), achieving X% of total imports. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%) and Taiwan (Chinese) (X%).

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported 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. While the share of South Korea (X p.p.) and China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, imports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), X-methylpentan-2- one (methyl isobutyl ketone)) expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform