Australia - Butanone (Methyl Ethyl Ketone) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingButanone Price in Australia - 2023
Contents:
- Butanone Price in Australia (CIF) - 2023
- Butanone Price in Australia (FOB) - 2022
- Butanone Imports in Australia
- Butanone Exports in Australia
Butanone Price in Australia (CIF) - 2023
In July 2023, the average butanone import price amounted to $1,227 per ton, waning by -11.5% against the previous month. Over the period under review, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in February 2023 when the average import price increased by 40% m-o-m. Over the period under review, average import prices attained the peak figure at $2,117 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Africa ($13,918 per ton), while the price for China stood at $1,160 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Africa (+0.2%), while the prices for the other major suppliers experienced a decline.
Butanone Price in Australia (FOB) - 2022
The average butanone export price stood at $10,144 per ton in 2022, increasing by 70% against the previous year. Over the period under review, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 380% against the previous year. As a result, the export price reached the peak level of $10,706 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($24,143 per ton), while the average price for exports to New Caledonia ($7,714 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 Fiji (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Butanone Imports in Australia
In 2022, after three years of growth, there was significant decline in purchases abroad of butanone (methyl ethyl ketone), when their volume decreased by -8.6% to 4.1K tons. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 13%.
In value terms, butanone imports rose sharply to $6.7M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Butanone in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 0.5 | 1.3 | 3.1 | 3.1 | 83.7% |
China | 1.4 | 2.3 | 1.9 | 2.1 | 14.5% |
Taiwan (Chinese) | 0.9 | 0.9 | 0.1 | 0.7 | -8.0% |
South Africa | 0.9 | 0.1 | 0.2 | 0.7 | -8.0% |
Others | 0.2 | 0.1 | 0.7 | N/A | 87.1% |
Total | 3.8 | 4.7 | 6.0 | 6.7 | 20.8% |
Top Suppliers of Butanone to Australia in 2022:
- Japan (1918.9 tons)
- China (1027.7 tons)
- Taiwan (Chinese) (634.8 tons)
- South Africa (474.6 tons)
Butanone Exports in Australia
In 2022, exports of butanone (methyl ethyl ketone) from Australia fell notably to 1.5 tons, with a decrease of -94.7% against the year before. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 334%. As a result, the exports attained the peak of 28 tons, and then shrank significantly in the following year.
In value terms, butanone exports reduced rapidly to $15K in 2022. In general, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 142%. As a result, the exports attained the peak of $167K, and then declined notably in the following year.
Export of Butanone in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Papua New Guinea | 9.2 | 68.3 | 108 | 9.7 | 1.8% |
New Caledonia | 3.9 | N/A | N/A | 2.1 | -18.6% |
Egypt | N/A | N/A | N/A | 1.9 | 0% |
Japan | N/A | N/A | N/A | 1.4 | 0% |
New Zealand | 19.5 | N/A | N/A | N/A | 0% |
Latvia | N/A | N/A | 55.0 | N/A | 0% |
Others | 1.2 | 0.6 | 3.2 | N/A | 63.3% |
Total | 33.8 | 68.9 | 167 | 15.1 | -23.6% |
Top Export Markets for Butanone from Australia in 2022:
- Papua New Guinea (1038.0 kg)
- New Caledonia (273.0 kg)
- Japan (100.0 kg)
- Egypt (77.0 kg)
This report provides an in-depth analysis of the butanone market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146213 - Butanone (methyl ethyl ketone)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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