Benelux: Butanone Market 2024

Butanone Market Size in Benelux

The Benelux butanone market rose markedly to $X in 2022, picking up by 6.1% against the previous year. Over the period under review, consumption, however, recorded a measured expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Butanone Production in Benelux

In value terms, butanone production totaled $X in 2022 estimated in export price. Overall, production, however, showed a pronounced decline. The growth pace was the most rapid in 2014 when the production volume increased by 7.1%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Butanone Exports

Exports in Benelux

In 2022, overseas shipments of butanone (methyl ethyl ketone) decreased by -7.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 25%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, butanone exports soared to $X in 2022. Overall, exports, however, posted a mild expansion. The pace of growth was the most pronounced in 2017 when exports increased by 61% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the Netherlands (X tons) represented the key exporter of butanone (methyl ethyl ketone), mixing up 75% of total exports. It was distantly followed by Belgium (X tons), making up a 25% share of total exports.

The Netherlands was also the fastest-growing in terms of the butanone (methyl ethyl ketone) exports, with a CAGR of +1.6% from 2012 to 2022. Belgium (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +16 percentage points.

In value terms, the Netherlands ($X) remains the largest butanone supplier in Benelux, comprising 71% of total exports. The second position in the ranking was taken by Belgium ($X), with a 29% share of total exports.

In the Netherlands, butanone exports expanded at an average annual rate of +2.2% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, rising by 28% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +81.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 55% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.3%).

Butanone Imports

Imports in Benelux

In 2022, overseas purchases of butanone (methyl ethyl ketone) decreased by -19.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 100%. The volume of import peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, butanone imports soared to $X in 2022. Overall, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 99%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Belgium represented the main importing country with an import of about X tons, which amounted to 61% of total imports. It was distantly followed by the Netherlands (X tons), comprising a 39% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +18.8%).

In value terms, Belgium ($X) constitutes the largest market for imported butanone (methyl ethyl ketone) in Benelux, comprising 67% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 32% share of total imports.

In Belgium, butanone imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, increasing by 52% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +109.5% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%).

Source: IndexBox Platform