Southern Asia: Butanone Market 2024

Butanone Market Size in Southern Asia

The South Asian butanone market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption recorded temperate growth. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Butanone Production in Southern Asia

In value terms, butanone production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep reduction. 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 hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Butanone Exports

Exports in Southern Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of butanone (methyl ethyl ketone), when their volume increased by X% to X tons. In general, exports, however, saw a deep slump. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanone exports surged to $X in 2022. Overall, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) was the key exporter of butanone (methyl ethyl ketone) in Southern Asia, generating X% of total export.

India was also the fastest-growing in terms of the butanone (methyl ethyl 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, India ($X) also remains the largest butanone supplier in Southern Asia.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 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 India.

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

Butanone Imports

Imports in Southern Asia

In 2022, butanone imports in Southern Asia rose notably to X tons, surging by X% on the previous year's figure. Total imports indicated noticeable 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, butanone imports skyrocketed to $X in 2022. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

India dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Pakistan (X tons), achieving a X% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to butanone imports into India stood at X%. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported butanone (methyl ethyl ketone) in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Import price indicated slight growth 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 2019 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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