Chile: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Chile

The Chilean ketone and quinone market surged to $X in 2021, increasing by 65% 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). In general, consumption, however, saw a mild decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ketone And Quinone Exports

Exports from Chile

After two years of growth, overseas shipments of ketones and quinones decreased by -53.9% to X tons in 2021. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2013 with an increase of 774%. 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 contracted notably to $X in 2021. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,198%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X tons), Argentina (X tons) and Peru (X tons) were the main destinations of ketone and quinone exports from Chile, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +20.9%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) remains the key foreign market for ketones and quinones exports from Chile, comprising 49% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 21% share of total exports. It was followed by Peru, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina totaled +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+6.8% per year) and Peru (+3.0% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, rising by 4.3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Colombia ($X per ton), while the average price for exports to Bolivia ($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 Colombia (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Chile

In 2021, the amount of ketones and quinones imported into Chile surged to X tons, growing by 46% compared with the year before. In general, imports, however, showed a pronounced decrease. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ketone and quinone imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the Netherlands (X tons) and Russia (X tons) were the main suppliers of ketone and quinone imports to Chile, together accounting for 67% of total imports. These countries were followed by the United States, Brazil, Belgium and South Korea, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +72.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ketones and quinones to Chile, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.1% per year) and the Netherlands (+21.9% per year).

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.3% 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 import price increased by +66.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 32% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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