Poland: Butanone Market 2024

Butanone Market Size in Poland

The Polish butanone market reached $X in 2022, with an increase of 5.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Butanone Exports

Exports from Poland

After two years of growth, shipments abroad of butanone (methyl ethyl ketone) decreased by -13.7% to X tons in 2022. In general, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 339%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, butanone exports fell sharply to $X in 2022. Overall, exports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of 892%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for butanone exports from Poland, with a 74% share of total exports. Moreover, butanone exports to the Czech Republic exceeded the volume sent to the second major destination, Latvia (X tons), fourfold. France (X kg) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+41.1% per year) and France (-3.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for butanone (methyl ethyl ketone) exports from Poland, comprising 53% of total exports. The second position in the ranking was held by Latvia ($X), with a 20% share of total exports. It was followed by France, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+54.2% per year) and France (+8.7% per year).

Export Prices by Country

The average butanone export price stood at $X per ton in 2022, shrinking by -2.1% against the previous year. Over the period under review, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 136%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Czech Republic ($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 France (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Butanone Imports

Imports into Poland

In 2022, butanone imports into Poland shrank markedly to X tons, with a decrease of -16.8% compared with 2021 figures. In general, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 29% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, butanone imports surged to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2017 with an increase of 108% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of butanone imports to Poland, with a combined 85% share of total imports. China, South Africa, Italy and the UK lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +76.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butanone suppliers to Poland were Germany ($X), the Netherlands ($X) and Belgium ($X), together accounting for 87% of total imports. China, Italy, South Africa and the UK lagged somewhat behind, together accounting for a further 12%.

Italy, with a CAGR of +46.5%, 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

The average butanone import price stood at $X per ton in 2022, increasing by 41% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +81.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 61% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($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 Africa (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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