Austria: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Austria

In 2021, the Austrian ketone and quinone market increased by 11% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Ketone and quinone consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Ketone And Quinone Exports

Exports from Austria

Ketone and quinone exports from Austria soared to X tons in 2021, with an increase of 77% against the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 147% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, ketone and quinone exports soared to $X in 2021. In general, exports enjoyed strong growth. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for ketone and quinone exports from Austria, accounting for a 50% share of total exports. Moreover, ketone and quinone exports to Hungary exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary amounted to +66.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.9% per year) and Turkey (+59.9% per year).

In value terms, Hungary ($X) emerged as the key foreign market for ketones and quinones exports from Austria, comprising 64% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Turkey, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to Hungary totaled +81.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+0.1% per year) and Turkey (+61.0% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, with an increase of 59% against the previous year. Over the period under review, the export price saw a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while the average price for exports to Slovenia ($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 Singapore (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Austria

In 2021, the amount of ketones and quinones imported into Austria dropped to X tons, which is down by -5% on 2020 figures. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 78%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, ketone and quinone imports surged to $X in 2021. In general, imports, however, continue to indicate perceptible growth. The growth pace was the most rapid in 2015 when imports increased by 83% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest ketone and quinone supplier to Austria, with a 60% share of total imports. Moreover, ketone and quinone imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. France (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.0% per year) and France (+10.5% per year).

In value terms, Germany ($X) constituted the largest supplier of ketones and quinones to Austria, comprising 55% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by the Netherlands, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.4% per year) and the Netherlands (-3.1% per year).

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, growing by 34% against the previous year. In general, the import price continues to indicate noticeable growth. The growth pace was the most rapid in 2016 an increase of 71%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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