Austria: Quinones Market 2024

Quinones Market Size in Austria

The Austrian quinones market shrank sharply to $X in 2022, falling by -79.8% 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, consumption continues to indicate a relatively flat trend pattern. Quinones consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Quinones Exports

Exports from Austria

In 2022, overseas shipments of quinones increased by 2.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 8,129% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, quinones exports dropped to $X in 2022. Overall, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 8,111% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Hungary (X tons) was the main destination for quinones exports from Austria, accounting for a 51% share of total exports. Moreover, quinones exports to Hungary exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Brazil (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary stood at +203.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.4% per year) and Brazil (+0.6% per year).

In value terms, Hungary ($X) remains the key foreign market for quinones exports from Austria, comprising 50% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Brazil, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at +191.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.6% per year) and Brazil (+2.0% per year).

Export Prices by Country

The average quinones export price stood at $X per ton in 2022, declining by -8.1% against the previous year. Overall, the export price saw a noticeable contraction. The pace of growth was the most pronounced in 2013 an increase of 51% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were South Africa ($X per ton) and Germany ($X per ton), while the average price for exports to Hungary ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Quinones Imports

Imports into Austria

In 2022, purchases abroad of quinones decreased by -40% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 558%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, quinones imports contracted remarkably to $X in 2022. In general, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 2,317%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest quinones supplier to Austria, with a 81% share of total imports. Moreover, quinones imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +93.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.8% per year) and Japan (-11.3% per year).

In value terms, Germany ($X) constituted the largest supplier of quinones to Austria, comprising 82% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +61.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.1% per year) and Japan (-14.2% per year).

Import Prices by Country

The average quinones import price stood at $X per ton in 2022, reducing by -23.4% against the previous year. In general, the import price, however, continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2015 an increase of 267%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Japan ($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 (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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