Chile: Butanone Market 2024

Butanone Market Size in Chile

The Chilean butanone market rose slightly to $X in 2022, growing by 1.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Butanone consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Butanone Exports

Exports from Chile

In 2022, approx. X tons of butanone (methyl ethyl ketone) were exported from Chile; with an increase of 160% against the year before. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, butanone exports skyrocketed to $X in 2022. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for butanone exports from Chile, accounting for a 50% share of total exports. Moreover, butanone exports to Argentina exceeded the volume sent to the second major destination, Bolivia (X tons), twofold.

From 2014 to 2022, the average annual growth rate of volume to Argentina amounted to +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+22.3% per year) and Peru (+122.5% per year).

In value terms, Argentina ($X) emerged as the key foreign market for butanone (methyl ethyl ketone) exports from Chile, comprising 51% of total exports. The second position in the ranking was held by Bolivia ($X), with a 25% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Argentina amounted to +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-6.2% per year) and Peru (+123.4% per year).

Export Prices by Country

The average butanone export price stood at $X per ton in 2022, which is down by -24.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 86%. As a result, the export price reached the peak level of $X per ton, and then reduced markedly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Butanone Imports

Imports into Chile

After two years of growth, purchases abroad of butanone (methyl ethyl ketone) decreased by -9.6% to X tons in 2022. In general, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 40% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, butanone imports rose markedly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest butanone supplier to Chile, accounting for a 67% share of total imports. Moreover, butanone imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.5% per year) and the United States (-26.0% per year).

In value terms, China ($X) constituted the largest supplier of butanone (methyl ethyl ketone) to Chile, comprising 70% of total imports. The second position in the ranking was held by the UK ($X), with an 11% share of total imports. It was followed by the United States, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +22.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-3.3% per year) and the United States (-18.9% per year).

Import Prices by Country

The average butanone import price stood at $X per ton in 2022, surging by 21% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +46.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 34%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :