Asia: Methyl Isobutyl Ketone Market 2025

Methyl Isobutyl Ketone Market Size in Asia

The Asian methyl isobutyl ketone market dropped to $X in 2022, declining by -5.4% against the previous year. In general, consumption showed a mild decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Methyl Isobutyl Ketone Production in Asia

In value terms, methyl isobutyl ketone production reduced modestly to $X in 2022 estimated in export price. Overall, production recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 2.3% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Methyl Isobutyl Ketone Exports

Exports in Asia

In 2022, the amount of X-methylpentan-2-one (methyl isobutyl ketone) exported in Asia dropped significantly to X tons, which is down by -32.2% on the previous year. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +40.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 107% against the previous year. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, methyl isobutyl ketone exports shrank significantly to $X in 2022. Over the period under review, exports, however, recorded mild growth. The pace of growth appeared the most rapid in 2021 when exports increased by 168% against the previous year. As a result, the exports reached the peak of $X, and then reduced sharply in the following year.

Exports by Country

South Korea represented the major exporter of X-methylpentan-2-one (methyl isobutyl ketone) in Asia, with the volume of exports reaching X tons, which was approx. 60% of total exports in 2022. Japan (X tons) took the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held near 31% share of total exports. The following exporters - Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), China (X tons) and India (X tons) - together made up 9.2% of total exports.

From 2012 to 2022, average annual rates of growth with regard to methyl isobutyl ketone exports from South Korea stood at +25.7%. At the same time, India (+65.7%), Hong Kong SAR (+51.0%) and China (+27.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +65.7% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Japan (-2.5%) and Taiwan (Chinese) (-14.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Hong Kong SAR and India increased by +51, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) remains the largest methyl isobutyl ketone supplier in Asia, comprising 57% of total exports. The second position in the ranking was held by Japan ($X), with a 26% share of total exports. It was followed by Singapore, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value in South Korea totaled +21.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-4.1% per year) and Singapore (-1.2% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, leveling off at the previous year. In general, the export price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2017 when the export price increased by 44% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in India ($X per ton) and China ($X per ton), while South Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-0.9%), while the other leaders experienced a decline in the export price figures.

Methyl Isobutyl Ketone Imports

Imports in Asia

Methyl isobutyl ketone imports reduced sharply to X tons in 2022, declining by -32.7% on the previous year. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +12.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, methyl isobutyl ketone imports fell dramatically to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 135%. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, India (X tons) was the key importer of X-methylpentan-2-one (methyl isobutyl ketone), constituting 42% of total imports. China (X tons) ranks second in terms of the total imports with a 23% share, followed by Thailand (7%) and Singapore (5.5%). The following importers - Hong Kong SAR (X tons), Malaysia (X tons), Vietnam (X tons), South Korea (X tons) and Indonesia (X tons) - together made up 17% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hong Kong SAR (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported X-methylpentan-2-one (methyl isobutyl ketone) in Asia, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Thailand, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value in India stood at +5.8%. In the other countries, the average annual rates were as follows: China (-5.5% per year) and Thailand (+1.2% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of 4.3% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The growth pace was the most rapid in 2021 an increase of 41%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :