Asia-Pacific: Quinones Market 2024

Quinones Market Size in Asia-Pacific

In 2022, after two years of decline, there was growth in the Asia-Pacific quinones market, when its value increased by 2.4% to $X. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Quinones Production in Asia-Pacific

In value terms, quinones production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 15%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Quinones Exports

Exports in Asia-Pacific

In 2022, the amount of quinones exported in Asia-Pacific fell sharply to X tons, with a decrease of -16% against the previous year. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, quinones exports fell slightly to $X in 2022. Over the period under review, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of 43%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China was the main exporting country with an export of about X tons, which finished at 61% of total exports. It was distantly followed by Japan (X tons), committing a 34% share of total exports. India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +12.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest quinones supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was held by Japan ($X), with a 22% share of total exports.

In China, quinones exports decreased by an average annual rate of -6.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-5.9% per year) and India (+8.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by 15% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, quinones export price increased by +19.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 32% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the other leaders experienced a decline in the export price figures.

Quinones Imports

Imports in Asia-Pacific

In 2022, the amount of quinones imported in Asia-Pacific fell sharply to X tons, shrinking by -19.6% against 2021. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 18%. The volume of import peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, quinones imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 25%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

India was the major importer of quinones in Asia-Pacific, with the volume of imports reaching X tons, which was near 55% of total imports in 2022. It was distantly followed by China (X tons) and Thailand (X tons), together creating a 34% share of total imports. The following importers - South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up 4.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to quinones imports into India stood at +5.2%. At the same time, China (+7.8%) and Thailand (+3.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +7.8% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (-7.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and China increased by +10 and +8.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported quinones in Asia-Pacific, comprising 46% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Thailand, with a 13% share.

In India, quinones imports expanded at an average annual rate of +6.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+1.6% per year) and Thailand (+1.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by 7.7% against the previous year. Overall, the import price, however, saw a mild contraction. The pace of growth appeared the most rapid in 2018 when the import price increased by 16% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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