EU: Methyl Isobutyl Ketone Market 2024

Methyl Isobutyl Ketone Market Size in the EU

The EU methyl isobutyl ketone market fell to $X in 2022, shrinking by -5.5% against the previous year. Over the period under review, consumption recorded a perceptible decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Methyl Isobutyl Ketone Production in the EU

In value terms, methyl isobutyl ketone production rose significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt setback. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Methyl Isobutyl Ketone Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in overseas shipments of X-methylpentan-2-one (methyl isobutyl ketone), when their volume decreased by -75.8% to X tons. Overall, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 117% against the previous year. The volume of export peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, methyl isobutyl ketone exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 160% against the previous year. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

In 2022, the Netherlands (X tons) represented the main exporter of X-methylpentan-2-one (methyl isobutyl ketone), mixing up 54% of total exports. France (X tons) ranks second in terms of the total exports with a 21% share, followed by Belgium (15%) and the Czech Republic (5.3%). Spain (X tons) followed a long way behind the leaders.

Exports from the Netherlands decreased at an average annual rate of -8.3% from 2012 to 2022. At the same time, the Czech Republic (+102.5%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +102.5% from 2012-2022. By contrast, Spain (-2.1%), France (-4.0%) and Belgium (-18.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France, the Netherlands and the Czech Republic increased by +10, +8.7 and +5.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) emerged as the largest methyl isobutyl ketone supplier in the European Union, comprising 46% of total exports. The second position in the ranking was taken by France ($X), with a 22% share of total exports. It was followed by Belgium, with an 18% share.

In the Netherlands, methyl isobutyl ketone exports shrank by an average annual rate of -7.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (-0.7% per year) and Belgium (-14.9% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with an increase of 26% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methyl isobutyl ketone export price increased by +103.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 61% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%), while the other leaders experienced more modest paces of growth.

Methyl Isobutyl Ketone Imports

Imports in the EU

After two years of growth, supplies from abroad of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -45.6% to X tons in 2022. Over the period under review, imports showed a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 52%. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, methyl isobutyl ketone imports reduced dramatically to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 169% against the previous year. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Belgium represented the main importing country with an import of about X tons, which finished at 39% of total imports. Germany (X tons) ranks second in terms of the total imports with a 20% share, followed by the Netherlands (14%), Italy (8.4%), Slovakia (4.9%) and Spain (4.7%). France (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +26.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined 68% share of total imports.

The Netherlands, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, surging by 8.2% against the previous year. Import price indicated pronounced growth 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, methyl isobutyl ketone import price increased by +91.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 77%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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