China: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in China

The Chinese ketone and quinone market shrank slightly to $X in 2021, remaining relatively unchanged against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Ketone and quinone consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Ketone And Quinone Production in China

In value terms, ketone and quinone production declined to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 43% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Ketone And Quinone Exports

Exports from China

In 2021, overseas shipments of ketones and quinones increased by 18% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, ketone and quinone exports surged to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +26.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 32%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of ketone and quinone exports from China, with a combined 44% share of total exports. These countries were followed by Indonesia, Vietnam, Taiwan (Chinese), Japan, the Netherlands, Thailand, Turkey, Singapore, Brazil and Mexico, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +18.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ketone and quinone exported from China were the United States ($X), India ($X) and South Korea ($X), together comprising 43% of total exports. These countries were followed by the Netherlands, Japan, Brazil, Indonesia, Singapore, Taiwan (Chinese), Mexico, Vietnam, Turkey and Thailand, which together accounted for a further 29%.

Among the main countries of destination, Turkey, with a CAGR of +16.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 Japan (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into China

In 2021, approx. X tons of ketones and quinones were imported into China; increasing by 11% on the previous year's figure. Over the period under review, imports posted a moderate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 48%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, ketone and quinone imports reached $X in 2021. Overall, imports, however, showed a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of 36% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of ketone and quinone imports to China, together accounting for 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +25.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), South Korea ($X) and Taiwan (Chinese) ($X) constituted the largest ketone and quinone suppliers to China, together comprising 55% of total imports.

Saudi Arabia, with a CAGR of +15.9%, recorded the highest growth rate of 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, almost unchanged from the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 26% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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