EU: Butanone Market 2024

Butanone Market Size in the EU

The EU butanone market rose remarkably to $X in 2022, increasing by 11% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Butanone Production in the EU

In value terms, butanone production declined to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced setback. The pace of growth appeared the most rapid in 2016 with an increase of 9.8% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Butanone Exports

Exports in the EU

After three years of growth, overseas shipments of butanone (methyl ethyl ketone) decreased by -6.3% to X tons in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 9.7%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanone exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 66%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The Netherlands represented the main exporting country with an export of about X tons, which finished at 58% of total exports. Belgium (X tons) ranks second in terms of the total exports with a 20% share, followed by Germany (19%).

The Netherlands was also the fastest-growing in terms of the butanone (methyl ethyl ketone) exports, with a CAGR of +1.6% from 2012 to 2022. Germany (-1.2%) and Belgium (-5.5%) illustrated a downward trend over the same period. While the share of the Netherlands (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-12.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest butanone supplier in the European Union, comprising 50% of total exports. The second position in the ranking was taken by Germany ($X), with a 22% share of total exports.

In the Netherlands, butanone exports increased at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+2.0% per year) and Belgium (-1.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of 30% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanone export price increased by +90.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 54% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.3%), while the other leaders experienced more modest paces of growth.

Butanone Imports

Imports in the EU

In 2022, after two years of growth, there was significant decline in supplies from abroad of butanone (methyl ethyl ketone), when their volume decreased by -12% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 34%. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, butanone imports surged to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +109.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Belgium (X tons), Germany (X tons), the Netherlands (X tons), Italy (X tons), France (X tons) and Spain (X tons) represented the largest importer of butanone (methyl ethyl ketone) in the European Union, comprising 88% of total import. Austria (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 key importing countries, was attained by the Netherlands (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butanone importing markets in the European Union were Belgium ($X), Germany ($X) and the Netherlands ($X), together comprising 56% of total imports.

The Netherlands, with a CAGR of +14.9%, saw the highest growth rate of 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

In 2022, the import price in the European Union amounted to $X per ton, growing by 47% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +83.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Spain ($X per ton) and France ($X per ton), while the Netherlands ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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