Denmark: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Denmark

In 2021, the Danish ketone and quinone market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption saw a noticeable reduction. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Ketone And Quinone Production in Denmark

In value terms, ketone and quinone production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Ketone And Quinone Exports

Exports from Denmark

In 2021, shipments abroad of ketones and quinones increased by 71% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone exports soared to $X in 2021. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 206% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons) was the main destination for ketone and quinone exports from Denmark, accounting for a 81% share of total exports. Moreover, ketone and quinone exports to Sweden exceeded the volume sent to the second major destination, Ireland (X tons), more than tenfold. The third position in this ranking was taken by Belgium (X tons), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+622.4% per year) and Belgium (+81.8% per year).

In value terms, Sweden ($X) remains the key foreign market for ketones and quinones exports from Denmark, comprising 19% of total exports. The second position in the ranking was held by Spain ($X), with an 8.6% share of total exports. It was followed by Belgium, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+95.9% per year) and Belgium (+96.8% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, growing by 65% against the previous year. Overall, the export price showed a remarkable increase. The growth pace was the most rapid in 2017 when the average export price increased by 97% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average 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 Norway ($X per ton), while the average price for exports to Sweden ($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 Norway (+30.2%), while the prices for the other major destinations experienced mixed trend patterns.

Ketone And Quinone Imports

Imports into Denmark

Ketone and quinone imports into Denmark stood at X tons in 2021, growing by 2.5% against the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 69% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, ketone and quinone imports surged to $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of ketone and quinone to Denmark, with a 45% share of total imports. Moreover, ketone and quinone imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.5% per year) and Belgium (-1.6% per year).

In value terms, the largest ketone and quinone suppliers to Denmark were China ($X), the Netherlands ($X) and Germany ($X), together comprising 62% of total imports. Italy, Belgium, Hong Kong SAR and Poland lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +77.1%, 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

The average ketone and quinone import price stood at $X per ton in 2021, increasing by 49% against the previous year. Over the period under review, the import price continues to indicate a mild increase. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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