Scandinavia: Methyl Isobutyl Ketone Market 2025

Methyl Isobutyl Ketone Market Size in Scandinavia

In 2022, the Scandinavia methyl isobutyl ketone market decreased by -10% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Methyl Isobutyl Ketone Production in Scandinavia

In value terms, methyl isobutyl ketone production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Methyl Isobutyl Ketone Exports

Exports in Scandinavia

After three years of growth, shipments abroad of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -23.3% to X tons in 2022. In general, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 81% against the previous year. The volume of export peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, methyl isobutyl ketone exports reduced dramatically to $X in 2022. Overall, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 169%. The level of export peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Sweden dominates exports structure, recording X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Norway (X tons), creating a 10% share of total exports.

Exports from Sweden increased at an average annual rate of +8.0% from 2012 to 2022. At the same time, Norway (+96.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +96.2% from 2012-2022. While the share of Norway (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-7.7 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest methyl isobutyl ketone supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was taken by Norway ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +14.9%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, waning by -11.5% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methyl isobutyl ketone export price increased by +38.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 48%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.4%).

Methyl Isobutyl Ketone Imports

Imports in Scandinavia

After two years of growth, purchases abroad of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -52.8% to X tons in 2022. Over the period under review, imports recorded a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 108%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, methyl isobutyl ketone imports reduced dramatically to $X in 2022. In general, imports showed a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by 217%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Sweden represented the main importing country with an import of about X tons, which resulted at 77% of total imports. It was distantly followed by Norway (X tons) and Finland (X tons), together generating a 23% share of total imports.

Sweden experienced a relatively flat trend pattern with regard to volume of imports of X-methylpentan-2-one (methyl isobutyl ketone). Norway (-10.4%) and Finland (-20.1%) illustrated a downward trend over the same period. Sweden (+38 p.p.) significantly strengthened its position in terms of the total imports, while Norway and Finland saw its share reduced by -7.5% and -30.4% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported X-methylpentan-2-one (methyl isobutyl ketone) in Scandinavia, comprising 74% of total imports. The second position in the ranking was held by Norway ($X), with a 17% share of total imports.

In Sweden, methyl isobutyl ketone imports increased at an average annual rate of +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (-4.8% per year) and Finland (-15.0% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, growing by 17% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methyl isobutyl ketone import price increased by +107.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 76% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform