ASEAN: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in ASEAN

The ASEAN ketone and quinone market soared to $X in 2021, jumping by 17% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Ketone And Quinone Production in ASEAN

In value terms, ketone and quinone production dropped markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 165% against the previous year. As a result, production reached the peak level of $X, and then shrank notably in the following year.

Ketone And Quinone Exports

Exports in ASEAN

In 2021, the amount of ketones and quinones exported in ASEAN totaled X tons, growing by 5.9% compared with 2020 figures. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 88%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, ketone and quinone exports skyrocketed to $X in 2021. Total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 +84.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the two major exporters of ketones and quinones, namely Thailand and Singapore, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +11.9%).

In value terms, Singapore ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021.

Thailand, with a CAGR of +9.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, growing by 16% against the previous year. In general, the export price, however, saw a slight slump. The growth pace was the most rapid in 2019 when the export price increased by 35%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Thailand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-0.7%).

Ketone And Quinone Imports

Imports in ASEAN

Ketone and quinone imports skyrocketed to X tons in 2021, growing by 21% compared with the previous year. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of ketones and quinones, namely Thailand, Vietnam, Indonesia and Singapore, represented more than two-thirds of total import. It was distantly followed by Malaysia (X tons) and the Philippines (X tons), together constituting a 15% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 69% share of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together comprising a further 30%.

Among the main importing countries, Vietnam, with a CAGR of +10.1%, 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

In 2021, the import price in ASEAN amounted to $X per ton, surging by 6.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 16%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform