Belgium: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Belgium

The Belgian ketone and quinone market surged to $X in 2021, with an increase of 25% against the previous year. Over the period under review, consumption, however, posted a moderate expansion. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Ketone And Quinone Production in Belgium

In value terms, ketone and quinone production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 56%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ketone And Quinone Exports

Exports from Belgium

In 2021, approx. X tons of ketones and quinones were exported from Belgium; picking up by 9.6% against the previous year. Over the period under review, exports enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 166% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, ketone and quinone exports soared to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 132%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of ketone and quinone exports from Belgium, with a combined 71% share of total exports. These countries were followed by France, Switzerland, Italy, Brazil, the United States, Mexico, Spain and China, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +75.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ketone and quinone exported from Belgium were Germany ($X), the Netherlands ($X) and the UK ($X), with a combined 65% share of total exports. France, Italy, the United States, Switzerland, Brazil, Spain, Mexico and China lagged somewhat behind, together comprising a further 25%.

Mexico, with a CAGR of +62.0%, saw the highest growth rate of the value of exports, among the main countries of destination 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, with an increase of 40% against the previous year. Overall, the export price, however, recorded a slight contraction. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 Spain (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Belgium

In 2021, the amount of ketones and quinones imported into Belgium fell to X tons, declining by -5.2% on 2020. Over the period under review, imports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 113%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. Overall, imports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest ketone and quinone supplier to Belgium, with a 50% share of total imports. Moreover, ketone and quinone imports from Spain exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+5.4% per year) and the Netherlands (+5.9% per year).

In value terms, Spain ($X) constituted the largest supplier of ketones and quinones to Belgium, comprising 34% of total imports. The second position in the ranking was taken by South Africa ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+7.6% per year) and the Netherlands (+2.9% per year).

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, with an increase of 39% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Spain ($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 (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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