Eastern Asia: Quinones Market 2024

Quinones Market Size in Eastern Asia

The East Asian quinones market expanded to $X in 2022, with an increase of 4.1% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.9% 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 -2.1% against 2020 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Quinones Production in Eastern Asia

In value terms, quinones production declined modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Quinones Exports

Exports in Eastern Asia

In 2022, approx. X tons of quinones were exported in Eastern Asia; dropping by -17.3% compared with 2021. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, quinones exports contracted to $X in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 49%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) was the major exporter of quinones, creating 64% of total exports. It was distantly followed by Japan (X tons), achieving a 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of -3.5%).

In value terms, China ($X) remains the largest quinones supplier in Eastern Asia, comprising 72% of total exports. The second position in the ranking was taken by Japan ($X), with a 28% share of total exports.

In China, quinones exports contracted by an average annual rate of -6.2% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 9.8% against the previous year. Overall, the export price recorded mild growth. The pace of growth appeared the most rapid in 2018 when the export price increased by 32%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Japan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%).

Quinones Imports

Imports in Eastern Asia

In 2022, after three years of growth, there was significant decline in supplies from abroad of quinones, when their volume decreased by -37.3% to X tons. In general, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 104% against the previous year. The volume of import peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, quinones imports contracted dramatically to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

China was the main importer of quinones in Eastern Asia, with the volume of imports recording X tons, which was approx. 78% of total imports in 2022. South Korea (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (6.7%) and Japan (5%).

China was also the fastest-growing in terms of the quinones imports, with a CAGR of +7.8% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. South Korea (-7.4%) and Japan (-9.1%) illustrated a downward trend over the same period. China (+31 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Japan and South Korea saw its share reduced by -1.9%, -11.5% and -17.6% from 2012 to 2022, respectively.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 90% share of total imports.

In terms of the main importing countries, China, with a CAGR of +1.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, surging by 18% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by 34% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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