Czech Republic: Butanone Market 2024

Butanone Market Size in the Czech Republic

In 2022, after two years of growth, there was significant decline in the Czech butanone market, when its value decreased by -9.6% to $X. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Butanone Exports

Exports from the Czech Republic

In 2022, overseas shipments of butanone (methyl ethyl ketone) decreased by -49.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 172%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, butanone exports contracted markedly to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 409% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Germany (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of butanone exports from the Czech Republic, with a combined 80% share of total exports. Slovakia and Poland lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +147.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Belgium ($X) were the largest markets for butanone exported from the Czech Republic worldwide, together accounting for 84% of total exports. Italy and Poland lagged somewhat behind, together accounting for a further 15%.

In terms of the main countries of destination, Poland, with a CAGR of +115.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average butanone export price stood at $X per ton in 2022, with an increase of 46% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 87% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Poland ($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 Slovakia (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Butanone Imports

Imports into the Czech Republic

After two years of growth, purchases abroad of butanone (methyl ethyl ketone) decreased by -39.9% to X tons in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, imports attained the maximum at X tons in 2021, and then declined dramatically in the following year.

In value terms, butanone imports declined to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 115% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

The Netherlands (X tons), Brazil (X tons) and Germany (X tons) were the main suppliers of butanone imports to the Czech Republic, together accounting for 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +88.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butanone suppliers to the Czech Republic were Germany ($X), the Netherlands ($X) and Brazil ($X), together comprising 71% of total imports.

Brazil, with a CAGR of +133.9%, recorded the highest rates of growth with regard to 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

The average butanone import price stood at $X per ton in 2022, picking up by 49% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 +72.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+56.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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