Romania: Butanone Market 2024

Butanone Market Size in Romania

In 2022, the Romanian butanone market increased by 11% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.8% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Butanone Exports

Exports from Romania

In 2022, shipments abroad of butanone (methyl ethyl ketone) decreased by -4.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 107,544% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, butanone exports dropped to $X in 2022. Over the period under review, exports, however, showed a modest expansion. The growth pace was the most rapid in 2017 with an increase of 9,511%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Bulgaria (X tons) was the main destination for butanone exports from Romania, accounting for a 98% share of total exports. It was followed by Germany (X kg), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria stood at +13.0%.

In value terms, Bulgaria ($X) remains the key foreign market for butanone (methyl ethyl ketone) exports from Romania, comprising 88% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria totaled +14.9%.

Export Prices by Country

In 2022, the average butanone export price amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 414% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average 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 Bulgaria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Butanone Imports

Imports into Romania

In 2022, purchases abroad of butanone (methyl ethyl ketone) increased by 0.6% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +34.3% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, butanone imports expanded markedly to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +94.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of butanone imports to Romania, with a combined 67% share of total imports. China, Bulgaria, Poland, Hungary, France, Italy and the UK lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +322.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest butanone suppliers to Romania were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined 56% share of total imports. Poland, China, Hungary, France, Bulgaria, Italy and the UK lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, Bulgaria, with a CAGR of +375.0%, recorded the highest rates of growth with regard to 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

The average butanone import price stood at $X per ton in 2022, growing by 13% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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