EU: Quinones Market 2024

Quinones Market Size in the EU

In 2022, the EU quinones market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption posted pronounced growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Quinones Production in the EU

In value terms, quinones production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 26%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Quinones Exports

Exports in the EU

In 2022, the amount of quinones exported in the European Union declined to X tons, waning by -12.6% compared with the year before. Over the period under review, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 79%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, quinones exports fell to $X in 2022. In general, exports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 22% against the previous year. 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

The Netherlands was the key exporter of quinones in the European Union, with the volume of exports reaching X tons, which was approx. 74% of total exports in 2022. It was distantly followed by Austria (X tons), generating a 12% share of total exports. The following exporters - Italy (X tons), Belgium (X tons) and Estonia (X tons) - together made up 11% of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of quinones. At the same time, Estonia (+309.5%), Austria (+16.1%) and Italy (+1.6%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +309.5% from 2012-2022. By contrast, Belgium (-16.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Austria, Estonia and Italy increased by +31, +10, +2.3 and +2.2 percentage points, respectively.

In value terms, the Netherlands ($X) remains the largest quinones supplier in the European Union, comprising 67% of total exports. The second position in the ranking was taken by Austria ($X), with a 9.2% share of total exports. It was followed by Belgium, with an 8.8% share.

In the Netherlands, quinones exports expanded at an average annual rate of +2.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Austria (+12.5% per year) and Belgium (-12.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, leveling off at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 71%. 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.5%), while the other leaders experienced mixed trends in the export price figures.

Quinones Imports

Imports in the EU

In 2022, imports of quinones in the European Union shrank to X tons, falling by -9.9% on the year before. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, quinones imports fell modestly to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of quinones imports in 2022 were Belgium (X tons), Germany (X tons), Spain (X tons), Austria (X tons), Sweden (X tons), Italy (X tons), Finland (X tons), the Netherlands (X tons), Hungary (X tons), Poland (X tons) and France (X tons), together resulting at 97% of total import.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +53.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Sweden ($X) constituted the countries with the highest levels of imports in 2022, with a combined 47% share of total imports. Austria, Italy, Hungary, Finland, the Netherlands, France, Spain and Poland lagged somewhat behind, together comprising a further 46%.

Among the main importing countries, Hungary, with a CAGR of +38.8%, recorded the highest rates of growth with regard to 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

In 2022, the import price in the European Union amounted to $X per ton, rising by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2014 when the import price increased by 23% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Hungary ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+17.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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