Latin America and the Caribbean: Butanone Market 2024

Butanone Market Size in Latin America and the Caribbean

In 2022, the Latin American butanone market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Butanone Production in Latin America and the Caribbean

In value terms, butanone production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Butanone Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of butanone (methyl ethyl ketone) decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, butanone exports reached $X in 2022. Over the period under review, exports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of butanone (methyl ethyl ketone), namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the butanone (methyl ethyl ketone) exports, with a CAGR of X% from 2012 to 2022. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest butanone supplier in Latin America and the Caribbean.

In Brazil, butanone exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Butanone Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of butanone (methyl ethyl ketone) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, butanone imports skyrocketed 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 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico was the major importer of butanone (methyl ethyl ketone) in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Argentina (X tons) held the second position in the ranking, followed by Colombia (X tons), Costa Rica (X tons), Chile (X tons) and Venezuela (X tons). All these countries together held near X% share of total imports. Peru (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of butanone (methyl ethyl ketone). At the same time, Argentina (X%) and Costa Rica (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Venezuela experienced a relatively flat trend pattern. By contrast, Peru (X%), Chile (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.) and Costa Rica (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.), Mexico (X p.p.) and Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported butanone (methyl ethyl ketone) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Argentina, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing 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, butanone import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mexico ($X per ton) and Colombia ($X per ton), while Venezuela ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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