Singapore: Methyl Isobutyl Ketone Market 2025

Methyl Isobutyl Ketone Market Size in Singapore

The Singaporean methyl isobutyl ketone market reduced sharply to $X in 2022, which is down by -64.5% against the previous year. In general, consumption showed a perceptible downturn. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Methyl Isobutyl Ketone Production in Singapore

In value terms, methyl isobutyl ketone production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a deep downturn. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Methyl Isobutyl Ketone Exports

Exports from Singapore

In 2022, overseas shipments of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -11.4% to X tons, falling for the third year in a row after two years of growth. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, methyl isobutyl ketone exports shrank remarkably to $X in 2022. Over the period under review, exports saw a slight downturn. The pace of growth was the most pronounced in 2021 when exports increased by 58%. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

Thailand (X tons), Malaysia (X tons) and Bangladesh (X tons) were the main destinations of methyl isobutyl ketone exports from Singapore, with a combined 72% share of total exports. Australia, New Zealand, Taiwan (Chinese), South Korea, the Netherlands, Myanmar, Saudi Arabia, Vietnam and Indonesia lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Bangladesh ($X) were the largest markets for methyl isobutyl ketone exported from Singapore worldwide, together comprising 69% of total exports. Australia, New Zealand, the Netherlands, Taiwan (Chinese), South Korea, Saudi Arabia, Vietnam, Indonesia and Myanmar lagged somewhat behind, together comprising a further 29%.

Taiwan (Chinese), with a CAGR of +40.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average methyl isobutyl ketone export price amounted to $X per ton, waning by -11.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 69% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Myanmar ($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 Saudi Arabia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Methyl Isobutyl Ketone Imports

Imports into Singapore

In 2022, approx. X tons of X-methylpentan-2-one (methyl isobutyl ketone) were imported into Singapore; with a decrease of -46.2% on the year before. Over the period under review, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 when imports increased by 97% against the previous year. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, methyl isobutyl ketone imports fell markedly to $X in 2022. In general, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 172% against the previous year. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of methyl isobutyl ketone to Singapore, accounting for a 91% share of total imports. Moreover, methyl isobutyl ketone imports from South Africa exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-15.3% per year) and Brazil (-60.2% per year).

In value terms, South Africa ($X) constituted the largest supplier of X-methylpentan-2-one (methyl isobutyl ketone) to Singapore, comprising 89% of total imports. The second position in the ranking was held by Japan ($X), with a 7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-15.6% per year) and Brazil (-67.9% per year).

Import Prices by Country

In 2022, the average methyl isobutyl ketone import price amounted to $X per ton, increasing by 13% against the previous year. Overall, the import price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 56%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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