Southern Asia: Butanone Market 2024

Butanone Market Size in Southern Asia

For the third consecutive year, the South Asian butanone market recorded growth in sales value, which increased by 24% to $X in 2022. Over the period under review, consumption saw a buoyant increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Butanone Production in Southern Asia

In value terms, butanone production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 10%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Butanone Exports

Exports in Southern Asia

In 2022, overseas shipments of butanone (methyl ethyl ketone) increased by 424% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt slump. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, butanone exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 385%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) represented roughly 99.9% of total exports in 2022.

India was also the fastest-growing in terms of the butanone (methyl ethyl ketone) exports, with a CAGR of -5.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest butanone supplier in Southern Asia.

In India, butanone exports plunged by an average annual rate of -5.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, reducing by -12.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 163%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.5% per year.

Butanone Imports

Imports in Southern Asia

For the third year in a row, Southern Asia recorded growth in overseas purchases of butanone (methyl ethyl ketone), which increased by 4% to X tons in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +66.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 40%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, butanone imports soared to $X in 2022. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 60%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

India prevails in imports structure, resulting at X tons, which was near 90% of total imports in 2022. It was distantly followed by Pakistan (X tons), creating a 5.4% share of total imports. Bangladesh (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to butanone imports into India stood at +3.9%. At the same time, Bangladesh (+12.7%) and Pakistan (+3.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +12.7% from 2012-2022. While the share of Bangladesh (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported butanone (methyl ethyl ketone) in Southern Asia, comprising 89% of total imports. The second position in the ranking was held by Pakistan ($X), with a 5.9% share of total imports.

In India, butanone imports increased at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+4.6% per year) and Bangladesh (+8.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, growing by 29% against the previous year. Import price indicated modest growth 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 import price increased by +59.0% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 41%. The level of import peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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