Report Update Nov 1, 2024

Panama - Butanone (Methyl Ethyl Ketone) - Market Analysis, Forecast, Size, Trends and Insights

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Panama: Butanone Market 2024

Butanone Market Size in Panama

In 2022, the Panamanian butanone market decreased by -2.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Butanone Production in Panama

In value terms, butanone production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 2.7%. Butanone production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Butanone Exports

Exports from Panama

In 2020, exports of butanone (methyl ethyl ketone) from Panama fell notably to X tons, reducing by -25.8% on 2019 figures. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 94%. The exports peaked at X tons in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

In value terms, butanone exports contracted markedly to $X in 2020. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2013 with an increase of 29%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons) was the main destination for butanone exports from Panama, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Guatemala was relatively modest.

In value terms, Guatemala ($X) emerged as the key foreign market for butanone (methyl ethyl ketone) exports from Panama.

From 2012 to 2020, the average annual rate of growth in terms of value to Guatemala was relatively modest.

Export Prices by Country

The average butanone export price stood at $X per ton in 2020, rising by 9.2% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, 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 Guatemala.

From 2012 to 2020, the rate of growth in terms of prices for Costa Rica amounted to -39.6% per year.

Butanone Imports

Imports into Panama

In 2022, the amount of butanone (methyl ethyl ketone) imported into Panama contracted dramatically to X tons, falling by -56.1% against 2021. Overall, imports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 159%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, butanone imports shrank to $X in 2022. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of butanone to Panama, accounting for a 77% share of total imports. Moreover, butanone imports from the United States exceeded the figures recorded by the second-largest supplier, Free Zones (X kg), fourfold.

From 2017 to 2022, the average annual growth rate of volume from the United States totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (0.0% per year) and Mexico (+7.0% per year).

In value terms, the United States ($X) constituted the largest supplier of butanone (methyl ethyl ketone) to Panama, comprising 73% of total imports. The second position in the ranking was taken by Free Zones ($X), with a 26% share of total imports.

From 2017 to 2022, the average annual rate of growth in terms of value from the United States stood at +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Free Zones (0.0% per year) and Mexico (-5.2% per year).

Import Prices by Country

The average butanone import price stood at $X per ton in 2022, rising by 106% against the previous year. Over the period under review, the import price showed a significant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 125%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Free Zones ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the butanone market in Panama. 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:

Panama

Data coverage:

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