South Africa: Butanone Market 2024

Butanone Market Size in South Africa

For the third consecutive year, the South African butanone market recorded growth in sales value, which increased by 8.9% to $X in 2022. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +115.5% against 2016 indices. Butanone consumption peaked in 2022 and is expected to retain growth in years to come.

Butanone Production in South Africa

In value terms, butanone production expanded slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 32% against the previous year. Butanone production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Butanone Exports

Exports from South Africa

Butanone exports from South Africa fell slightly to X tons in 2022, shrinking by -4.5% on the previous year's figure. Over the period under review, exports saw a slight downturn. The growth pace was the most rapid in 2016 when exports increased by 15% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, butanone exports skyrocketed to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 72%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons), Belgium (X tons) and India (X tons) were the main destinations of butanone exports from South Africa, together accounting for 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +20.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for butanone exported from South Africa were the United States ($X), Belgium ($X) and India ($X), together accounting for 91% of total exports.

Belgium, with a CAGR of +24.9%, recorded the highest rates of growth with regard to the value of exports, among 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

The average butanone export price stood at $X per ton in 2022, rising by 48% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +90.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 69% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Belgium ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Butanone Imports

Imports into South Africa

In 2022, purchases abroad of butanone (methyl ethyl ketone) decreased by -53.1% to X kg, falling for the third year in a row after three years of growth. Over the period under review, imports continue to indicate a dramatic descent. The growth pace was the most rapid in 2017 when imports increased by 173%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, butanone imports contracted significantly to $X in 2022. Overall, imports saw a significant contraction. The growth pace was the most rapid in 2017 when imports increased by 521% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X kg) constituted the largest butanone supplier to South Africa, with a 76% share of total imports. Moreover, butanone imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to -23.6%.

In value terms, the UK ($X) constituted the largest supplier of butanone (methyl ethyl ketone) to South Africa, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the UK stood at -26.8%.

Import Prices by Country

In 2022, the average butanone import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 127% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+72.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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