U.S.: Methyl Isobutyl Ketone Market 2024

Methyl Isobutyl Ketone Market Size in the U.S.

The U.S. methyl isobutyl ketone market declined modestly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, saw a slight decline. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Methyl Isobutyl Ketone Production in the U.S.

In value terms, methyl isobutyl ketone production shrank slightly to $X in 2022. Over the period under review, production saw a slight decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 54% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Methyl Isobutyl Ketone Exports

Exports from the U.S.

In 2022, shipments abroad of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -44.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 67%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, methyl isobutyl ketone exports contracted sharply to $X in 2022. Overall, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Canada (X tons) and Mexico (X tons) were the main destinations of methyl isobutyl ketone exports from the United States, with a combined 69% share of total exports. Australia, South Korea, Israel, Singapore and China lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +58.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Canada ($X) and Mexico ($X) constituted the largest markets for methyl isobutyl ketone exported from the United States worldwide, together accounting for 71% of total exports. South Korea, Australia, Israel, Singapore and China lagged somewhat behind, together comprising a further 19%.

In terms of the main countries of destination, Israel, with a CAGR of +61.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average methyl isobutyl ketone export price stood at $X per ton in 2022, picking up by 19% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price 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, methyl isobutyl ketone export price increased by +45.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 77%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Australia ($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 Hong Kong SAR (+39.0%), while the prices for the other major destinations experienced more modest paces of growth.

Methyl Isobutyl Ketone Imports

Imports into the U.S.

In 2022, purchases abroad of X-methylpentan-2-one (methyl isobutyl ketone) decreased by -12.1% to X tons, falling for the fifth consecutive year after three years of growth. In general, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2016 with an increase of 37%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, methyl isobutyl ketone imports stood at $X in 2022. Over the period under review, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2017 when imports increased by 24% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) was the main methyl isobutyl ketone supplier to the United States, with a 91% share of total imports. Moreover, methyl isobutyl ketone imports from South Africa exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at -4.4%.

In value terms, South Africa ($X) constituted the largest supplier of X-methylpentan-2-one (methyl isobutyl ketone) to the United States, comprising 89% of total imports. The second position in the ranking was taken by Mexico ($X), with an 8.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to -4.3%.

Import Prices by Country

The average methyl isobutyl ketone import price stood at $X per ton in 2022, picking up by 15% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 46%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for South Africa stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.3%).

Source: IndexBox Platform

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