Thailand: Methyl Isobutyl Ketone Market 2025

Methyl Isobutyl Ketone Market Size in Thailand

The Thai methyl isobutyl ketone market declined modestly to $X in 2022, with a decrease of -4.1% against the previous year. Overall, consumption showed a slight decline. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Methyl Isobutyl Ketone Production in Thailand

In value terms, methyl isobutyl ketone production contracted to $X in 2022 estimated in export price. Overall, production recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 18% against the previous year. Methyl isobutyl ketone production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Methyl Isobutyl Ketone Exports

Exports from Thailand

In 2021, the amount of X-methylpentan-2-one (methyl isobutyl ketone) exported from Thailand shrank to X tons, which is down by -14.3% against the previous year. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 2,200% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, methyl isobutyl ketone exports skyrocketed to $X in 2021. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 13,367% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for methyl isobutyl ketone exports from Thailand, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Malaysia was relatively modest.

In value terms, Malaysia ($X) emerged as the key foreign market for X-methylpentan-2-one (methyl isobutyl ketone) exports from Thailand.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia was relatively modest.

Export Prices by Country

In 2021, the average methyl isobutyl ketone export price amounted to $X per ton, rising by 93% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 486% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Vietnam amounted to +6.7% per year.

Methyl Isobutyl Ketone Imports

Imports into Thailand

In 2022, overseas purchases of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -19% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a noticeable expansion from 2012 to 2022: its volume 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, imports increased by +74.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 74%. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, methyl isobutyl ketone imports reduced modestly to $X in 2022. Overall, imports, however, enjoyed a slight expansion. The growth pace was the most rapid in 2021 with an increase of 147% against the previous year. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of methyl isobutyl ketone to Thailand, with a 69% share of total imports. Moreover, methyl isobutyl ketone imports from Japan exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+14.4% per year) and South Korea (+5.1% per year).

In value terms, Japan ($X) constituted the largest supplier of X-methylpentan-2-one (methyl isobutyl ketone) to Thailand, comprising 70% of total imports. The second position in the ranking was held by South Africa ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+13.7% per year) and South Korea (+0.5% per year).

Import Prices by Country

The average methyl isobutyl ketone import price stood at $X per ton in 2022, surging by 19% against the previous year. Overall, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 45% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Japan ($X per ton), while the price for South Korea ($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 (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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