Report Update Nov 1, 2024

Hong Kong SAR, China - Butanone (Methyl Ethyl Ketone) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Hong Kong SAR, China: Butanone Market 2024

Butanone Market Size in Hong Kong SAR, China

After three years of decline, the Hong Kong butanone market increased by 6.9% to $X in 2022. In general, consumption faced a deep contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Butanone Production in Hong Kong SAR, China

In value terms, butanone production stood at $X in 2022 estimated in export price. Over the period under review, production faced a sharp contraction. The growth pace was the most rapid in 2013 when the production volume decreased by -45.4%. Butanone production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Butanone Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of butanone (methyl ethyl ketone) decreased by -62.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 2,326%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanone exports dropped sharply to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 2,154% against the previous year. 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

China (X tons) was the main destination for butanone exports from Hong Kong SAR, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled -17.1%.

In value terms, China ($X) also remains the key foreign market for butanone (methyl ethyl ketone) exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China stood at -13.5%.

Export Prices by Country

The average butanone export price stood at $X per ton in 2022, increasing by 9.6% against the previous year. In general, the export price recorded a notable expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 422% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 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 China.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +29.9% per year.

Butanone Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of butanone (methyl ethyl ketone) were imported into Hong Kong SAR; falling by -49.2% on the previous year's figure. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 278% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, butanone imports fell notably to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 216% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest butanone supplier to Hong Kong SAR, accounting for a 88% share of total imports. Moreover, butanone imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.4% per year) and Singapore (+8.4% per year).

In value terms, the largest butanone suppliers to Hong Kong SAR were Taiwan (Chinese) ($X), Singapore ($X) and China ($X), with a combined 96% share of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +25.0%, saw the highest growth rate of 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

In 2022, the average butanone import price amounted to $X per ton, surging by 52% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2017 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Taiwan (Chinese) ($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 Korea (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butanone (methyl ethyl ketone) in the world?

The countries with the highest volumes of in 2021 were South Korea, the United States and the UK, together comprising 34% of global consumption. These countries were followed by Taiwan Chinese), India, Indonesia, Italy, Vietnam, South Africa, Thailand, the Netherlands, Malaysia and Belgium, which together accounted for a further 46%.

What are the largest producers of butanone (methyl ethyl ketone) in the world?

The countries with the highest volumes of in 2021 were China, Japan and the UK, together comprising 68% of global production.

What are the leading suppliers of butanone (methyl ethyl ketone) to Hong Kong SAR, China?

In value terms, Taiwan Chinese) constituted the largest supplier of butanone to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was occupied by Singapore, with a 20% share of total imports.

What are the leading importers of butanone (methyl ethyl ketone) from Hong Kong SAR, China?

In value terms, China remains the key foreign market for butanone exports from Hong Kong SAR, comprising 74% of total exports. The second position in the ranking was occupied by Malaysia, with a 26% share of total exports.

What is the average export price for butanone (methyl ethyl ketone) in Hong Kong SAR, China?

In 2021, the average butanone export price amounted to $1,826 per ton, which is down by -15.6% against the previous year.

What is the average import price for butanone (methyl ethyl ketone) in Hong Kong SAR, China?

In 2021, the average butanone import price amounted to $1,973 per ton, picking up by 38% against the previous year.

This report provides an in-depth analysis of the butanone market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146213 - Butanone (methyl ethyl ketone)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023