Global Butanone Market 2024

Butanone Market Size

For the third year in a row, the global butanone market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Butanone Production

In value terms, butanone production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Global production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Butanone Exports

Exports

For the fourth year in a row, the global market recorded growth in shipments abroad of butanone (methyl ethyl ketone), which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, butanone exports skyrocketed to $X in 2022. Over the period under review, total exports indicated temperate growth 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China was the major exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Japan (X tons), the Netherlands (X tons), South Africa (X tons), Belgium (X tons), Germany (X tons) and Taiwan (Chinese) (X tons), together committing a X% share of total exports.

China was also the fastest-growing in terms of the butanone (methyl ethyl ketone) exports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%), Germany (X%), South Africa (X%) and Belgium (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 ($X) emerged as the largest butanone supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of global exports. It was followed by Japan, with a X% share.

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

Export Prices by Country

In 2022, the average butanone export price amounted to $X per ton, with an increase of X% against the previous year. Overall, export price indicated a mild 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, butanone export 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, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Butanone Imports

Imports

In 2022, supplies from abroad of butanone (methyl ethyl ketone) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, global imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, butanone imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a perceptible 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X tons) and South Korea (X tons) represented the main importers of butanone (methyl ethyl ketone)in the world, together recording near X% of total imports. Belgium (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%), Indonesia (X%), Vietnam (X%) and Germany (X%). The Netherlands (X tons), Thailand (X tons), Italy (X tons), France (X tons), Malaysia (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest butanone importing markets worldwide were the United States ($X), South Korea ($X) and Belgium ($X), with a combined X% share of global imports. Vietnam, India, Indonesia, Germany, the Netherlands, Thailand, France, Italy, Spain and Malaysia lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average butanone import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, 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 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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