Northern America: Methyl Isobutyl Ketone Market 2024

Methyl Isobutyl Ketone Market Size in Northern America

The North American methyl isobutyl ketone market fell modestly to $X in 2022, waning by X% against the previous year. In general, consumption showed a slight slump. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Methyl Isobutyl Ketone Production in Northern America

In value terms, methyl isobutyl ketone production shrank to $X in 2022 estimated in export price. Overall, production showed a mild slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Methyl Isobutyl Ketone Exports

Exports in Northern America

In 2022, after two years of growth, there was significant decline in overseas shipments of X-methylpentan-2-one (methyl isobutyl ketone), when their volume decreased by X% to X tons. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, methyl isobutyl ketone exports dropped sharply to $X in 2022. In general, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) represented roughly X% of total exports in 2022.

The United States 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, the United States ($X) also remains the largest methyl isobutyl ketone supplier in Northern America.

From 2012 to 2022, the average annual growth rate of value in the United States totaled X%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a notable expansion 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

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

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

Methyl Isobutyl Ketone Imports

Imports in Northern America

In 2022, supplies from abroad of X-methylpentan-2-one (methyl isobutyl ketone) decreased by X% to X tons, falling for the fifth year in a row after three years of growth. Overall, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, methyl isobutyl ketone imports stood at $X in 2022. In general, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the key importer of X-methylpentan-2-one (methyl isobutyl ketone), comprising X% of total imports. It was distantly followed by Canada (X tons), achieving a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to methyl isobutyl ketone imports into the United States stood at X%. Canada (X%) illustrated a downward trend over the same period. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported X-methylpentan-2-one (methyl isobutyl ketone) in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, methyl isobutyl ketone imports shrank by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, picking up by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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