France: Butanone Market 2024

Butanone Market Size in France

For the third consecutive year, the French butanone market recorded growth in sales value, which increased by 22% to $X in 2022. Over the period under review, consumption, however, saw a relatively flat trend pattern. Butanone consumption peaked in 2022 and is likely to see gradual growth in years to come.

Butanone Production in France

In value terms, butanone production fell to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 121%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Butanone Exports

Exports from France

In 2022, the amount of butanone (methyl ethyl ketone) exported from France totaled X tons, rising by 11% against 2021 figures. The total export volume increased at an average annual rate of +11.1% over the period from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, butanone exports reduced to $X in 2022. Overall, exports, however, continue to indicate a slight reduction. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Spain (X tons), Switzerland (X tons) and Belgium (X tons) were the main destinations of butanone exports from France, together accounting for 43% of total exports. Italy, Poland, Saudi Arabia, Egypt, Germany, the UK, Turkey, Tunisia, Morocco and Hungary lagged somewhat behind, together accounting for a further 33%.

From 2021 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +20,130.9%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for butanone (methyl ethyl ketone) exports from France, comprising 22% of total exports. The second position in the ranking was held by Italy ($X), with a 9.5% share of total exports. It was followed by Switzerland, with a 5.5% share.

From 2021 to 2022, the average annual growth rate of value to Spain totaled -41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-26.7% per year) and Switzerland (+340.5% per year).

Export Prices by Country

In 2022, the average butanone export price amounted to $X per ton, which is down by -11.7% against the previous year. Overall, the export price showed a deep reduction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+84.6%), while the prices for the other major destinations experienced more modest paces of growth.

Butanone Imports

Imports into France

In 2022, the amount of butanone (methyl ethyl ketone) imported into France shrank slightly to X tons, reducing by -2.3% on 2021 figures. Over the period under review, imports saw a slight decline. The growth pace was the most rapid in 2021 when imports increased by 9.3% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, butanone imports surged to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +89.1% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 73% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of butanone imports to France, with a combined 96% share of total imports. Spain and the UK lagged somewhat behind, together accounting for a further 2.7%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +31.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest butanone suppliers to France were Belgium ($X), Germany ($X) and the Netherlands ($X), together accounting for 96% of total imports. Spain and the UK lagged somewhat behind, together accounting for a further 2.6%.

Spain, with a CAGR of +31.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average butanone import price amounted to $X per ton, rising by 41% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +83.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 74%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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