Canada: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Canada

The Canadian ketone and quinone market surged to $X in 2021, growing by 28% 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). Overall, consumption posted a measured expansion. Ketone and quinone consumption peaked in 2021 and is expected to retain growth in the immediate term.

Ketone And Quinone Exports

Exports from Canada

In 2021, shipments abroad of ketones and quinones increased by 18% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted noticeable growth. The most prominent rate of growth was recorded in 2013 when exports increased by 130%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ketone and quinone exports skyrocketed to $X in 2021. In general, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 93%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for ketone and quinone exports from Canada, with a 44% share of total exports. Moreover, ketone and quinone exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+23.3% per year) and the UK (+62.4% per year).

In value terms, the United States ($X) remains the key foreign market for ketones and quinones exports from Canada, comprising 62% of total exports. The second position in the ranking was held by China ($X), with an 8.8% share of total exports. It was followed by Germany, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+23.0% per year) and Germany (+39.7% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, picking up by 8.6% against the previous year. In general, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 80% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 Germany (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Ketone And Quinone Imports

Imports into Canada

In 2021, overseas purchases of ketones and quinones increased by 26% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 305% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, ketone and quinone imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest ketone and quinone supplier to Canada, accounting for a 88% share of total imports. Moreover, ketone and quinone imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. South Africa (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.3% per year) and South Africa (+0.6% per year).

In value terms, the United States ($X), China ($X) and South Africa ($X) appeared to be the largest ketone and quinone suppliers to Canada, with a combined 77% share of total imports.

Among the main suppliers, China, with a CAGR of +6.2%, saw the highest growth rate of the value of imports, 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, with an increase of 15% against the previous year. In general, the import price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 318% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for the United States ($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 (+8.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :