Belgium: Methyl Isobutyl Ketone Market 2025

Methyl Isobutyl Ketone Market Size in Belgium

In 2022, after two years of decline, there was significant growth in the Belgian methyl isobutyl ketone market, when its value increased by 204% to $X. Over the period under review, consumption saw strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Methyl Isobutyl Ketone Exports

Exports from Belgium

In 2022, overseas shipments of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -91.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 4,349% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped significantly in the following year.

In value terms, methyl isobutyl ketone exports fell remarkably to $X in 2022. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 2,341% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main destinations of methyl isobutyl ketone exports from Belgium, with a combined 81% share of total exports. France, the Czech Republic, Slovenia, Austria, the Netherlands and the UK lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +11.7%), while the other leaders experienced a decline.

In value terms, Italy ($X), Germany ($X) and Spain ($X) appeared to be the largest markets for methyl isobutyl ketone exported from Belgium worldwide, with a combined 80% share of total exports. France, Slovenia, the Czech Republic, Austria, the Netherlands and the UK lagged somewhat behind, together comprising a further 14%.

The Czech Republic, with a CAGR of +20.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average methyl isobutyl ketone export price stood at $X per ton in 2022, growing by 64% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +149.4% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Italy ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Methyl Isobutyl Ketone Imports

Imports into Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of X-methylpentan-2-one (methyl isobutyl ketone), when their volume decreased by -50.4% to X tons. In general, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2020 when imports increased by 92% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, methyl isobutyl ketone imports contracted dramatically to $X in 2022. Over the period under review, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest methyl isobutyl ketone supplier to Belgium, with a 43% share of total imports. Moreover, methyl isobutyl ketone imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-2.7% per year) and South Korea (+214.3% per year).

In value terms, the largest methyl isobutyl ketone suppliers to Belgium were the Netherlands ($X), South Korea ($X) and Mexico ($X), with a combined 78% share of total imports.

South Korea, with a CAGR of +224.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average methyl isobutyl ketone import price amounted to $X per ton, which is down by -4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 85%. As a result, import price attained the peak level of $X per ton, and then reduced slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and South Africa ($X per ton), while the price for the Netherlands ($X per ton) and Mexico ($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 Korea (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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