Argentina: Butanone Market 2024

Butanone Market Size in Argentina

The Argentinian butanone market declined slightly to $X in 2022, remaining stable against the previous year. In general, consumption, however, recorded a strong expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Butanone Production in Argentina

In value terms, butanone production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Butanone Exports

Exports from Argentina

After three years of growth, overseas shipments of butanone (methyl ethyl ketone) decreased by -8% to X tons in 2022. Over the period under review, exports showed a significant contraction. The pace of growth was the most pronounced in 2016 with an increase of 71% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, butanone exports dropped to $X in 2022. In general, exports showed a significant decline. The pace of growth appeared the most rapid in 2015 with an increase of 20% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for butanone exports from Argentina, with a 81% share of total exports. Moreover, butanone exports to Brazil exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. The third position in this ranking was held by Uruguay (X kg), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled -19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-50.8% per year) and Uruguay (-39.9% per year).

In value terms, Brazil ($X) remains the key foreign market for butanone (methyl ethyl ketone) exports from Argentina, comprising 67% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports. It was followed by Peru, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-44.3% per year) and Peru (-23.5% per year).

Export Prices by Country

The average butanone export price stood at $X per ton in 2022, with an increase of 1.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 78%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Butanone Imports

Imports into Argentina

In 2022, the amount of butanone (methyl ethyl ketone) imported into Argentina dropped modestly to X tons, falling by -4% compared with the year before. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 4,208%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, butanone imports soared to $X in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,906% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of butanone to Argentina, accounting for a 92% share of total imports. Moreover, butanone imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. South Africa (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +36.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.5% per year) and South Africa (+1.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of butanone (methyl ethyl ketone) to Argentina, comprising 91% of total imports. The second position in the ranking was held by China ($X), with a 4.5% share of total imports. It was followed by South Africa, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.3% per year) and South Africa (+5.1% per year).

Import Prices by Country

In 2022, the average butanone import price amounted to $X per ton, jumping by 39% against the previous year. Overall, the import price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 57% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and China ($X per ton), while the price for the Netherlands ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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