Product intelligence · HS 291413 · 2024 data

Ketones: acyclic, without other oxygen function, 4-methylpentan-2-one (methyl isobutyl ketone)

Global exports of ketones: acyclic, without other oxygen function, 4-methylpentan-2-one (methyl isobutyl ketone) totalled $213,325,550 in 2024, a -17.8% change from the previous year. Traded by 74 countries across 827 bilateral corridors, with demand from 140 importing markets. The long-term trend is rapid decline.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$213.3M

-17.8% YoY

3Y / 5Y CAGR

-17.1%

5Y: +6.5%

Supply structure

Moderately concentrated

HHI 0.204

Volatility

Low

Score 9/100

1.

Market movement

In 2024, ketones: acyclic, without other oxygen function, 4-methylpentan-2-one (methyl isobutyl ketone) trade exhibited significant decline, with global flows reaching $213,325,550 and a three-year compound annual growth rate of -17.1% (five-year: +6.5%). The all-time peak of $374,636,325 was recorded in 2021; the current level is 43% below that high-water mark.

Over the 30-year observation window (19952024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-13.9% acceleration).

The World Trade Flows Characterization classifies ketones: acyclic, without other oxygen function, 4-methylpentan-2-one (methyl isobutyl ketone) as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.204). The three largest exporters — South Africa ($72.5M), South Korea ($65.3M), and Japan ($29.8M) — collectively dominate supply flows. The leading exporter has grown at -10.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.126). The three largest import markets are India ($62.3M), Belgium ($31.4M), and Thailand ($18.0M). The largest importing market sources from 12 different supplying countries.

Estimated substitution elasticity: -7.91. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is South Korea → India at $46.8M, representing 75.2% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for ketones: acyclic, without other oxygen function, 4-methylpentan-2-one (methyl isobutyl ketone) is 9 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $374,636,325 in 2021. Currently 43% below peak.

YearGlobal trade (USD)YoY growth
2015$221,417,337-24.8%
2016$178,432,992-19.4%
2017$282,637,259+58.4%
2018$257,374,905-8.9%
2019$155,371,024-39.6%
2020$155,224,321-0.1%
2021$374,636,325+141.4%
2022$257,784,567-31.2%
2023$259,590,669+0.7%
2024$213,325,550-17.8%

Top exporting countries

Ranked by export value of ketones: acyclic, without other oxygen function, 4-methylpentan-2-one (methyl isobutyl ketone) in 2024.

View all 74 exporters →

Top importing markets

Largest import destinations for ketones: acyclic, without other oxygen function, 4-methylpentan-2-one (methyl isobutyl ketone).

View all 140 markets →

Leading trade corridors

Largest bilateral export flows for ketones: acyclic, without other oxygen function, 4-methylpentan-2-one (methyl isobutyl ketone), ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1South KoreaIndia$46.8M-7.3%
2South AfricaBelgium$15.9M-11.2%
3JapanThailand$8.3M-2.3%
4South AfricaIndia$8.3M-0.4%
5JapanIndia$6.6M+3.1%
6United StatesBelgium$6.3M+37.4%
7South AfricaGermany$4.7M-13.9%
8MexicoBelgium$4.1M+3.1%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.