Australia: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Australia

The Australian ketone and quinone market surged to $X in 2021, rising by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +83.6% against 2019 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Ketone And Quinone Exports

Exports from Australia

Ketone and quinone exports from Australia soared to X tons in 2021, jumping by 44% against the previous year's figure. In general, exports showed a slight increase. The pace of growth appeared the most rapid in 2017 when exports increased by 141%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, ketone and quinone exports surged to $X in 2021. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 57%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

New Zealand (X tons), Peru (X tons) and Papua New Guinea (X tons) were the main destinations of ketone and quinone exports from Australia, together accounting for 74% of total exports. Latvia, South Africa, Vietnam, New Caledonia and the United States lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +231.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Peru ($X) and Papua New Guinea ($X) were the largest markets for ketone and quinone exported from Australia worldwide, together comprising 75% of total exports. These countries were followed by South Africa, Latvia, Vietnam, New Caledonia and the United States, which together accounted for a further 16%.

In terms of the main countries of destination, South Africa, with a CAGR of +261.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, dropping by -13.2% against the previous year. Over the period under review, the export price, however, recorded a moderate expansion. The growth pace was the most rapid in 2018 when the average export price increased by 59%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to New Caledonia ($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 Papua New Guinea (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Australia

In 2021, overseas purchases of ketones and quinones increased by 9.9% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a mild setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Singapore (X tons), China (X tons) and Japan (X tons) were the main suppliers of ketone and quinone imports to Australia, together accounting for 72% of total imports. These countries were followed by Taiwan (Chinese), South Korea, South Africa, Brazil and India, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ketones and quinones to Australia, comprising 49% of total imports. The second position in the ranking was held by Singapore ($X), with an 11% share of total imports. It was followed by Japan, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+0.3% per year) and Japan (+2.8% per year).

Import Prices by Country

In 2021, the average ketone and quinone import price amounted to $X per ton, picking up by 25% against the previous year. In general, the import price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 40% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Singapore ($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 (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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