Switzerland: Butanone Market 2024

Butanone Market Size in Switzerland

The Swiss butanone market soared to $X in 2022, rising by 30% 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). Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +62.0% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Butanone Exports

Exports from Switzerland

In 2022, the amount of butanone (methyl ethyl ketone) exported from Switzerland declined remarkably to X tons, with a decrease of -57.4% on 2021 figures. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 126% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, butanone exports dropped markedly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 110% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Georgia (X tons), Germany (X tons) and France (X tons) were the main destinations of butanone exports from Switzerland, with a combined 76% share of total exports. Hungary, Albania and Thailand lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +308.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for butanone exported from Switzerland were Georgia ($X), Germany ($X) and Hungary ($X), together accounting for 84% of total exports. Albania, France and Thailand lagged somewhat behind, together accounting for a further 11%.

Thailand, with a CAGR of +214.2%, recorded the highest growth rate of 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, with an increase of 45% against the previous year. In general, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when the average export price increased by 506% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to France ($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 Georgia (+19.9%), while the prices for the other major destinations experienced mixed trend patterns.

Butanone Imports

Imports into Switzerland

In 2022, overseas purchases of butanone (methyl ethyl ketone) decreased by -3.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 18%. Over the period under review, imports hit record highs at X tons in 2021, and then fell modestly in the following year.

In value terms, butanone imports soared to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +98.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 82%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of butanone imports to Switzerland, with a combined 93% share of total imports. Japan and Belgium lagged somewhat behind, together accounting for a further 5.2%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +362.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the UK ($X) appeared to be the largest butanone suppliers to Switzerland, with a combined 91% share of total imports. Japan and Belgium lagged somewhat behind, together accounting for a further 4.8%.

Japan, with a CAGR of +254.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 49% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +94.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 54%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per ton) and Belgium ($X per ton), while the price for Japan ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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