Canada: Methyl Isobutyl Ketone Market 2024

Methyl Isobutyl Ketone Market Size in Canada

In 2022, the Canadian methyl isobutyl ketone market decreased by -3.5% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Methyl Isobutyl Ketone Exports

Exports from Canada

For the third year in a row, Canada recorded growth in overseas shipments of X-methylpentan-2-one (methyl isobutyl ketone), which increased by 238% to X tons in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 2,757% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, methyl isobutyl ketone exports skyrocketed to $X in 2022. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 5,469%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for methyl isobutyl ketone exports from Canada, accounting for a 78% share of total exports. Moreover, methyl isobutyl ketone exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +32.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and France (-94.2% per year).

In value terms, the United States ($X) remains the key foreign market for X-methylpentan-2-one (methyl isobutyl ketone) exports from Canada, comprising 86% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and France (-96.9% per year).

Export Prices by Country

The average methyl isobutyl ketone export price stood at $X per ton in 2022, with a decrease of -9.5% against the previous year. In general, the export price showed a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 95% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 Argentina (-0.4%), while the prices for the other major destinations experienced a decline.

Methyl Isobutyl Ketone Imports

Imports into Canada

In 2022, overseas purchases of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -0.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 57% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, methyl isobutyl ketone imports contracted to $X in 2022. In general, imports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2021 with an increase of 76%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of methyl isobutyl ketone to Canada, with a 86% share of total imports. Moreover, methyl isobutyl ketone imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+0.3% per year) and South Africa (-15.1% per year).

In value terms, the United States ($X) constituted the largest supplier of X-methylpentan-2-one (methyl isobutyl ketone) to Canada, comprising 86% of total imports. The second position in the ranking was taken by South Africa ($X), with a 7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-11.3% per year) and Mexico (+1.4% per year).

Import Prices by Country

The average methyl isobutyl ketone import price stood at $X per ton in 2022, waning by -2% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined slightly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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