Asia: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Asia

In 2022, the Asian ketone and quinone market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Ketone And Quinone Production in Asia

In value terms, ketone and quinone production amounted to $X in 2022 estimated in export price. In general, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Ketone And Quinone Exports

Exports in Asia

In 2022, exports of ketones and quinones in Asia contracted to X tons, falling by X% against 2021 figures. Total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, ketone and quinone exports declined modestly to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

In 2022, China (X tons), distantly followed by Taiwan (Chinese) (X tons), South Korea (X tons), Saudi Arabia (X tons), Thailand (X tons), Japan (X tons) and Singapore (X tons) were the main exporters of ketones and quinones, together making up X% of total exports.

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

In value terms, China ($X) remains the largest ketone and quinone supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Thailand ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Ketone And Quinone Imports

Imports in Asia

Ketone and quinone imports contracted to X tons in 2022, falling by X% on 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, ketone and quinone imports fell to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced modestly in the following year.

Imports by Country

China was the main importing country with an import of about X tons, which resulted at X% of total imports. India (X tons) ranks second in terms of the total imports with an X% share, followed by South Korea (X%), Vietnam (X%) and Thailand (X%). Indonesia (X tons), Japan (X tons), Turkey (X tons), Malaysia (X tons), the United Arab Emirates (X tons) and Singapore (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of ketones and quinones. At the same time, Vietnam (X%), the United Arab Emirates (X%), Malaysia (X%), India (X%), Turkey (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Singapore (X%), Thailand (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), Thailand (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ketone and quinone importing markets in Asia were China ($X), India ($X) and South Korea ($X), with a combined X% share of total imports. Japan, Vietnam, Singapore, Thailand, Indonesia, Turkey, Malaysia and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :