Slovenia: Butanone Market 2024

Butanone Market Size in Slovenia

The Slovene butanone market surged to $X in 2022, with an increase of 108% 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 continues to indicate a strong expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Butanone Exports

Exports from Slovenia

In 2022, the amount of butanone (methyl ethyl ketone) exported from Slovenia expanded significantly to X tons, surging by 14% against 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of 625% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, butanone exports soared to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 253%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Croatia (X tons) was the main destination for butanone exports from Slovenia, accounting for a 52% share of total exports. Moreover, butanone exports to Croatia exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia stood at +127.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-21.0% per year) and Italy (+79.6% per year).

In value terms, Croatia ($X) remains the key foreign market for butanone (methyl ethyl ketone) exports from Slovenia, comprising 60% of total exports. The second position in the ranking was held by Austria ($X), with a 16% share of total exports. It was followed by Hungary, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Croatia totaled +133.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-13.7% per year) and Hungary (-0.9% per year).

Export Prices by Country

In 2022, the average butanone export price amounted to $X per ton, increasing by 41% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butanone export price increased by +75.6% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Italy ($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 Italy (+70.0%), while the prices for the other major destinations experienced more modest paces of growth.

Butanone Imports

Imports into Slovenia

In 2022, the amount of butanone (methyl ethyl ketone) imported into Slovenia soared to X tons, increasing by 32% against the year before. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 127% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, butanone imports surged to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of butanone to Slovenia, accounting for a 50% share of total imports. Moreover, butanone imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. China (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.3% per year) and China (+8.3% per year).

In value terms, Japan ($X), Germany ($X) and China ($X) constituted the largest butanone suppliers to Slovenia, with a combined 77% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of +63.8%, saw 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

In 2022, the average butanone import price amounted to $X per ton, with an increase of 41% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +68.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per ton), while the price for the United States ($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 (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform