United Arab Emirates: Butanone Market 2024

Butanone Market Size in the United Arab Emirates

The butanone market in the United Arab Emirates soared to $X in 2022, picking up by 20% 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). Overall, consumption, however, showed a deep reduction. Butanone consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Butanone Exports

Exports from the United Arab Emirates

In 2022, the amount of butanone (methyl ethyl ketone) exported from the United Arab Emirates soared to X tons, picking up by 79% on the year before. In general, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 766%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butanone exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 918%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for butanone exports from the United Arab Emirates, with a 88% share of total exports. Moreover, butanone exports to the Netherlands exceeded the volume sent to the second major destination, Morocco (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +694.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-71.0% per year) and Egypt (-18.5% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for butanone (methyl ethyl ketone) exports from the United Arab Emirates, comprising 88% of total exports. The second position in the ranking was taken by Morocco ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +560.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (-67.0% per year) and Egypt (-13.6% per year).

Export Prices by Country

The average butanone export price stood at $X per ton in 2022, with a decrease of -21.1% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 63%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped sharply in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Egypt ($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 Morocco (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Butanone Imports

Imports into the United Arab Emirates

Butanone imports into the United Arab Emirates surged to X tons in 2022, growing by 44% on the previous year. In general, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of 125% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, butanone imports expanded markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by 82% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest butanone supplier to the United Arab Emirates, with a 73% share of total imports. Moreover, butanone imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +51.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+79.8% per year) and South Africa (-32.2% per year).

In value terms, China ($X) constituted the largest supplier of butanone (methyl ethyl ketone) to the United Arab Emirates, comprising 63% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +47.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+60.0% per year) and South Africa (-35.2% per year).

Import Prices by Country

In 2022, the average butanone import price amounted to $X per ton, dropping by -20.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :