Asia-Pacific: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Asia-Pacific

In 2021, the Asia-Pacific ketone and quinone market increased by 12% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Ketone And Quinone Production in Asia-Pacific

In value terms, ketone and quinone production declined to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 24%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Ketone And Quinone Exports

Exports in Asia-Pacific

Ketone and quinone exports stood at X tons in 2021, increasing by 12% compared with the previous year. The total export volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 27% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, ketone and quinone exports soared to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +21.4% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the six major exporters of ketones and quinones, namely China, Taiwan (Chinese), South Korea, Japan, Thailand and Singapore, represented more than two-thirds of total export. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +12.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest ketone and quinone supplier in Asia-Pacific, comprising 48% of total exports. The second position in the ranking was taken by India ($X), with a 15% share of total exports. It was followed by Japan, with an 11% share.

In China, ketone and quinone exports expanded at an average annual rate of +6.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (+11.7% per year) and Japan (+3.0% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, with an increase of 18% 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 amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the other leaders experienced mixed trends in the export price figures.

Ketone And Quinone Imports

Imports in Asia-Pacific

In 2021, the amount of ketones and quinones imported in Asia-Pacific surged to X tons, increasing by 18% against the previous year. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% 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 +87.2% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

China was the largest importing country with an import of around X tons, which recorded 54% of total imports. India (X tons) took the second position in the ranking, followed by South Korea (X tons) and Thailand (X tons). All these countries together held approx. 27% share of total imports. Japan (X tons), Vietnam (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Vietnam (+13.5%), South Korea (+4.8%), India (+4.0%), Japan (+1.7%) and Indonesia (+1.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +13.5% from 2012-2021. Thailand experienced a relatively flat trend pattern. China (+2.7 p.p.) and Vietnam (+2 p.p.) significantly strengthened its position in terms of the total imports, while Thailand saw its share reduced by -2.4% from 2012 to 2021, respectively. 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-Pacific were China ($X), India ($X) and South Korea ($X), with a combined 62% share of total imports. These countries were followed by Japan, Thailand, Indonesia and Vietnam, which together accounted for a further 23%.

Vietnam, with a CAGR of +10.1%, recorded the highest growth rate of the value of imports, in terms of 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 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 5.8% against the previous year. In general, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2013 an increase of 9.6% against the previous year. Over the period under review, import prices attained the maximum 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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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