Colombia: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Colombia

The Colombian ketone and quinone market soared to $X in 2021, surging by 49% 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, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Ketone and quinone consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Ketone And Quinone Exports

Exports from Colombia

In 2021, exports of ketones and quinones from Colombia contracted to X tons, shrinking by -14.6% on 2020. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 82% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, ketone and quinone exports reduced to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 43%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Ecuador (X tons) and Venezuela (X tons) were the main destinations of ketone and quinone exports from Colombia, with a combined 83% share of total exports. Peru, Brazil, the United States and Argentina lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +20.8%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for ketones and quinones exports from Colombia, comprising 41% of total exports. The second position in the ranking was held by Venezuela ($X), with an 18% share of total exports. It was followed by Ecuador, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+14.4% per year) and Ecuador (+6.2% per year).

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, increasing by 9.1% against the previous year. Overall, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of 236% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Ecuador ($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 Argentina (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Colombia

In 2021, imports of ketones and quinones into Colombia skyrocketed to X tons, growing by 51% against 2020. Over the period under review, imports saw a mild expansion. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ketone and quinone imports surged to $X in 2021. In general, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Russia (X tons) and the United States (X tons) were the main suppliers of ketone and quinone imports to Colombia, with a combined 58% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +180.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ketones and quinones to Colombia, comprising 40% of total imports. The second position in the ranking was held by the United States ($X), with a 10% share of total imports. It was followed by Russia, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.2% per year) and Russia (+182.9% per year).

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 31%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per ton), while the price for South Africa ($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 (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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