Egypt: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Egypt

In 2021, the Egyptian ketone and quinone market increased by 48% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Ketone And Quinone Exports

Exports from Egypt

Ketone and quinone exports from Egypt contracted markedly to X tons in 2021, dropping by -29.8% against the previous year's figure. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 2,090%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, ketone and quinone exports declined dramatically to $X in 2021. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,437% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Sudan (X tons) and France (X tons) were the main destinations of ketone and quinone exports from Egypt, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +157.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for ketones and quinones exports from Egypt, comprising 47% of total exports. The second position in the ranking was held by Lebanon ($X), with a 13% share of total exports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+25.5% per year) and France (+90.0% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 74% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Lebanon ($X per ton), while the average price for exports to Sudan ($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 Lebanon (+3.7%), while the prices for the other major destinations experienced a decline.

Ketone And Quinone Imports

Imports into Egypt

After two years of decline, supplies from abroad of ketones and quinones increased by 32% to X tons in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and the Netherlands (X tons) were the main suppliers of ketone and quinone imports to Egypt, with a combined 60% share of total imports. These countries were followed by Germany, Russia, India, Saudi Arabia, the United Arab Emirates, the United States, France and South Africa, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ketones and quinones to Egypt, comprising 31% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-9.0% per year) and India (+7.7% per year).

Import Prices by Country

In 2021, the average ketone and quinone import price amounted to $X per ton, jumping by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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