Report Update Nov 1, 2024

Latvia - 4-Methylpentan-2-One (Methyl Isobutyl Ketone) - Market Analysis, Forecast, Size, Trends and Insights

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Latvia: Methyl Isobutyl Ketone Market 2024

Methyl Isobutyl Ketone Market Size in Latvia

The Latvian methyl isobutyl ketone market dropped to $X in 2022, with a decrease of -2% against the previous year. Over the period under review, consumption continues to indicate a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Methyl Isobutyl Ketone Production in Latvia

In value terms, methyl isobutyl ketone production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable descent. The growth pace was the most rapid in 2013 when the production volume increased by 7.4%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Methyl Isobutyl Ketone Exports

Exports from Latvia

After seven years of growth, overseas shipments of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -29.3% to X tons in 2022. Over the period under review, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 39%. As a result, the exports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, methyl isobutyl ketone exports contracted notably to $X in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

Estonia (X tons) was the main destination for methyl isobutyl ketone exports from Latvia, accounting for a 54% share of total exports. Moreover, methyl isobutyl ketone exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+15.3% per year) and Finland (+109.6% per year).

In value terms, Estonia ($X) remains the key foreign market for X-methylpentan-2-one (methyl isobutyl ketone) exports from Latvia, comprising 55% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+11.7% per year) and Finland (+109.7% per year).

Export Prices by Country

In 2022, the average methyl isobutyl ketone export price amounted to $X per ton, falling by -7.6% against the previous year. Overall, the export price showed a slight setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Methyl Isobutyl Ketone Imports

Imports into Latvia

In 2022, the amount of X-methylpentan-2-one (methyl isobutyl ketone) imported into Latvia reduced rapidly to X tons, shrinking by -16.3% compared with 2021. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, methyl isobutyl ketone imports fell dramatically to $X in 2022. In general, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, Poland (X tons) was the main methyl isobutyl ketone supplier to Latvia, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +14.4%.

In value terms, Poland ($X) constituted the largest supplier of X-methylpentan-2-one (methyl isobutyl ketone) to Latvia.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +15.7%.

Import Prices by Country

In 2022, the average methyl isobutyl ketone import price amounted to $X per ton, falling by -15.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2021, and then declined sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for Poland.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +1.1% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the methyl isobutyl ketone market in Latvia. 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 20146215 - 4-Methylpentan-2-one (methyl isobutyl ketone)

Country coverage:

Latvia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Latvia
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