Ecuador: Butanone Market 2024

Butanone Market Size in Ecuador

The Ecuadorian butanone market reduced to $X in 2022, shrinking by -12.8% 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, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.4% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Butanone Exports

Exports from Ecuador

In 2022, after four years of decline, there was decline in overseas shipments of butanone (methyl ethyl ketone), when their volume decreased by 0% to X tons. Over the period under review, exports recorded a precipitous descent. The growth pace was the most rapid in 2016 when exports increased by 26% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, butanone exports stood at $X in 2022. In general, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for butanone exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled -22.1%.

In value terms, Colombia ($X) also remains the key foreign market for butanone (methyl ethyl ketone) exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to Colombia stood at -24.6%.

Export Prices by Country

The average butanone export price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the export price recorded a pronounced setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 7.7% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -3.2% per year.

Butanone Imports

Imports into Ecuador

After two years of growth, overseas purchases of butanone (methyl ethyl ketone) decreased by -5.8% to X tons in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 45%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, butanone imports contracted sharply to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 74%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Brazil (X tons) and the Netherlands (X tons) were the main suppliers of butanone imports to Ecuador, with a combined 65% share of total imports. Belgium, Taiwan (Chinese), South Africa and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +48.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of butanone (methyl ethyl ketone) to Ecuador, comprising 35% of total imports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.1% per year) and Belgium (+27.1% per year).

Import Prices by Country

In 2022, the average butanone import price amounted to $X per ton, with a decrease of -9.8% against the previous year. In general, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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