United Kingdom: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in the UK

The UK ketone and quinone market skyrocketed to $X in 2021, picking up by 23% against the previous year. Overall, consumption continues to indicate a prominent increase. Ketone and quinone consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Ketone And Quinone Production in the UK

In value terms, ketone and quinone production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2013 with an increase of 1.4% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Ketone And Quinone Exports

Exports from the UK

In 2021, ketone and quinone exports from the UK contracted markedly to X tons, waning by -22.7% on the previous year. Over the period under review, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 when exports increased by 72%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, ketone and quinone exports totaled $X in 2021. Overall, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -20.9% against 2018 indices. The pace of growth was the most pronounced in 2018 when exports increased by 65% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ireland (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of ketone and quinone exports from the UK, together comprising 40% of total exports. These countries were followed by Germany, India, Switzerland, China, the United States, Russia, France, Mexico, Costa Rica and Italy, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +127.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Switzerland ($X) and China ($X) constituted the largest markets for ketone and quinone exported from the UK worldwide, together accounting for 32% of total exports. Russia, India, the Netherlands, Ireland, Germany, France, Italy, Belgium, Mexico and Costa Rica lagged somewhat behind, together comprising a further 47%.

Costa Rica, with a CAGR of +71.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, jumping by 31% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ketone and quinone export price increased by +64.4% against 2018 indices. 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 overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($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 Ireland (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into the UK

In 2021, supplies from abroad of ketones and quinones increased by 14% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 207%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, ketone and quinone imports soared to $X in 2021. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 47% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Spain (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of ketone and quinone imports to the UK, together accounting for 76% of total imports. Germany, Italy, Finland, the United States and China lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +147.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and China ($X) were the largest ketone and quinone suppliers to the UK, together accounting for 51% of total imports. These countries were followed by the Netherlands, Germany, the United States, Italy and Finland, which together accounted for a further 40%.

Finland, with a CAGR of +155.0%, recorded the highest growth rate of the value of imports, among the main suppliers 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, growing by 17% against the previous year. In general, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 an increase of 25% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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