China: Quinones Market 2024

Quinones Market Size in China

In 2022, the Chinese quinones market decreased by -3.2% to $X, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.9% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Quinones Production in China

In value terms, quinones production declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 21% against the previous year. Quinones production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Quinones Exports

Exports from China

In 2022, the amount of quinones exported from China declined sharply to X tons, waning by -15.3% on the previous year's figure. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, quinones exports dropped slightly to $X in 2022. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2018 when exports increased by 81%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for quinones exports from China, with a 47% share of total exports. Moreover, quinones exports to India exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Brazil (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.9% per year) and Brazil (-15.1% per year).

In value terms, India ($X) remains the key foreign market for quinones exports from China, comprising 38% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by South Korea, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-20.0% per year) and South Korea (+2.4% per year).

Export Prices by Country

The average quinones export price stood at $X per ton in 2022, with an increase of 14% against the previous year. Overall, the export price recorded moderate growth. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Quinones Imports

Imports into China

In 2022, purchases abroad of quinones decreased by -43.4% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 205% against the previous year. Imports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, quinones imports declined significantly to $X in 2022. Over the period under review, imports, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 149% against the previous year. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of quinones to China, with a 85% share of total imports. Moreover, quinones imports from Japan exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at +6.4%.

In value terms, Japan ($X) constituted the largest supplier of quinones to China, comprising 80% of total imports. The second position in the ranking was taken by Myanmar ($X), with a 6.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Japan was relatively modest.

Import Prices by Country

In 2022, the average quinones import price amounted to $X per ton, with a decrease of -3.3% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 57%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Myanmar stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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