Report Update Nov 1, 2024

Azerbaijan - Ketones and Quinones - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Azerbaijan

After two years of growth, the Azerbaijani ketone and quinone market decreased by -21.2% to $X in 2021. Overall, consumption, however, posted notable growth. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Ketone And Quinone Production in Azerbaijan

In value terms, ketone and quinone production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 103% against the previous year. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Ketone And Quinone Exports

Exports from Azerbaijan

In 2021, shipments abroad of ketones and quinones decreased by -76.2% to X kg for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2019 with an increase of 129% against the previous year. The exports peaked at X kg in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, ketone and quinone exports contracted rapidly to $X in 2021. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2019 with an increase of 88%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Georgia (X kg) was the main destination for ketone and quinone exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Georgia amounted to -5.1%.

In value terms, Georgia ($X) also remains the key foreign market for ketones and quinones exports from Azerbaijan.

From 2012 to 2021, the average annual growth rate of value to Georgia totaled +1.9%.

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, with an increase of 17% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ketone and quinone export price decreased by -22.6% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 103% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2021, the rate of growth in terms of prices for Georgia amounted to +7.4% per year.

Ketone And Quinone Imports

Imports into Azerbaijan

In 2021, overseas purchases of ketones and quinones decreased by -7.1% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 195% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ketone and quinone imports soared to $X in 2021. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 143%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), Russia (X tons) and Belgium (X tons) were the main suppliers of ketone and quinone imports to Azerbaijan, together accounting for 88% of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +117.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ketone and quinone suppliers to Azerbaijan were Saudi Arabia ($X), Russia ($X) and Belgium ($X), with a combined 63% share of total imports.

Russia, with a CAGR of +94.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ketone and quinone import price amounted to $X per ton, growing by 40% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ketones and quinones in the world?

The countries with the highest volumes of ketone and quinone consumption in 2020 were China, the United States and Spain, together accounting for 35% of global consumption. These countries were followed by India, Taiwan Chinese), Russia, Japan, Italy, Germany, Mexico, the UK, France and South Korea, which together accounted for a further 38%.

What are the largest producers of ketones and quinones in the world?

The countries with the highest volumes of ketone and quinone production in 2020 were the United States, Japan and Spain, with a combined 29% share of global production. These countries were followed by Taiwan Chinese), Saudi Arabia, Russia, China, South Korea, South Africa, Thailand, India and Singapore, which together accounted for a further 51%.

What are the leading suppliers of ketones and quinones to Azerbaijan?

In value terms, Russia, Saudi Arabia and South Africa were the largest ketone and quinone suppliers to Azerbaijan, with a combined 74% share of total imports. Italy, Turkey and Belgium lagged somewhat behind, together accounting for a further 10%.

What are the leading importers of ketones and quinones from Azerbaijan?

In value terms, Georgia $255) remains the key foreign market for ketone and quinone exports from Azerbaijan.

What is the average export price for ketones and quinones in Azerbaijan?

The average ketone and quinone export price stood at $5,640 per ton in 2020, shrinking by -24.9% against the previous year.

What is the average import price for ketones and quinones in Azerbaijan?

In 2020, the average ketone and quinone import price amounted to $1,943 per ton, jumping by 67% against the previous year.

This report provides an in-depth analysis of the ketone and quinone market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146211 - Acetone
Prodcom 20146213 - Butanone (methyl ethyl ketone)
Prodcom 20146215 - 4-Methylpentan-2-one (methyl isobutyl ketone)
Prodcom 20146219 - Acyclic ketones, without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2one (methyl isobutyl ketone))
Prodcom 20146231 - Camphor, aromatic ketones without other oxygen function, k etone-alcohols, ketone-aldehydes, ketone-phenols and ketones with other oxygen function
Prodcom 20146233 - Cyclohexanone and methylcyclohexanones
Prodcom 20146235 - Ionones and methylionones
Prodcom 20146239 - Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function (excluding camphor, cyclohexanone and methylcyclohexanones, ionones and methylionones)
Prodcom 20146260 - Quinones
Prodcom 20146270 - Halogenated, sulphonated, nitrated or nitrosated derivatives of ketones and quinones

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023