Netherlands: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in the Netherlands

For the third year in a row, the Dutch ketone and quinone market recorded growth in sales value, which increased by 121% to $X in 2021. Over the period under review, consumption continues to indicate a resilient expansion. Ketone and quinone consumption peaked in 2021 and is likely to continue growth in the near future.

Ketone And Quinone Production in the Netherlands

In value terms, ketone and quinone production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a drastic downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ketone And Quinone Exports

Exports from the Netherlands

In 2021, shipments abroad of ketones and quinones increased by 22% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 43% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ketone and quinone exports soared to $X in 2021. In general, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 49% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Belgium (X tons) and the UK (X tons) were the main destinations of ketone and quinone exports from the Netherlands, with a combined 54% share of total exports. The United States, Italy, France, India, Turkey, Switzerland, Slovakia and Spain lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +13.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for ketones and quinones exports from the Netherlands, comprising 29% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by France, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-2.8% per year) and France (+3.6% per year).

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, increasing by 21% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into the Netherlands

In 2021, purchases abroad of ketones and quinones increased by 44% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.4% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 49%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest ketone and quinone supplier to the Netherlands, with a 44% share of total imports. Moreover, ketone and quinone imports from Belgium exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. Singapore (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-0.6% per year) and Singapore (+184.9% per year).

In value terms, Belgium ($X), China ($X) and Finland ($X) appeared to be the largest ketone and quinone suppliers to the Netherlands, with a combined 59% share of total imports. Singapore, the United States, Italy, Germany, Japan, Brazil, Russia, Saudi Arabia and Austria lagged somewhat behind, together accounting for a further 31%.

In terms of the main suppliers, Singapore, with a CAGR of +124.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, picking up by 3.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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