Dominican Republic: Methyl Isobutyl Ketone Market 2025

Methyl Isobutyl Ketone Market Size in the Dominican Republic

In 2022, the Dominican methyl isobutyl ketone market increased by 58% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Methyl Isobutyl Ketone Exports

Exports from the Dominican Republic

In 2022, approx. X tons of X-methylpentan-2-one (methyl isobutyl ketone) were exported from the Dominican Republic; dropping by -57.1% against the previous year's figure. In general, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of 1,062% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, methyl isobutyl ketone exports reduced rapidly to $X in 2022. Over the period under review, exports recorded a mild decline. The most prominent rate of growth was recorded in 2020 when exports increased by 869% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for methyl isobutyl ketone exports from the Dominican Republic, accounting for a 74% share of total exports. Moreover, methyl isobutyl ketone exports to Trinidad and Tobago exceeded the volume sent to the second major destination, Jamaica (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Trinidad and Tobago totaled +2.2%.

In value terms, Trinidad and Tobago ($X) emerged as the key foreign market for X-methylpentan-2-one (methyl isobutyl ketone) exports from the Dominican Republic, comprising 74% of total exports. The second position in the ranking was held by Jamaica ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Trinidad and Tobago stood at +3.6%.

Export Prices by Country

In 2022, the average methyl isobutyl ketone export price amounted to $X per ton, rising by 38% against the previous year. In general, the export price saw a measured increase. The growth pace was the most rapid in 2021 an increase of 74%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($X per ton), while the average price for exports to Trinidad and Tobago amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Methyl Isobutyl Ketone Imports

Imports into the Dominican Republic

In 2022, the amount of X-methylpentan-2-one (methyl isobutyl ketone) imported into the Dominican Republic surged to X tons, with an increase of 47% on the previous year. Over the period under review, imports continue to indicate pronounced growth. The growth pace was the most rapid in 2013 with an increase of 221% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, methyl isobutyl ketone imports surged to $X in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 221%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of methyl isobutyl ketone imports to the Dominican Republic.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +4.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest methyl isobutyl ketone suppliers to the Dominican Republic were Brazil ($X), the United States ($X) and the Netherlands ($X).

In terms of the main suppliers, the United States, with a CAGR of +10.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average methyl isobutyl ketone import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 97% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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