Europe: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Europe

In 2021, the Europe ketone and quinone market increased by 2.8% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Ketone And Quinone Production in Europe

In value terms, ketone and quinone production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ketone And Quinone Exports

Exports in Europe

In 2021, exports of ketones and quinones in Europe expanded significantly to X tons, increasing by 13% compared with the year before. Total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. The volume of export peaked at X tons in 2014; afterwards, it flattened through to 2021.

In value terms, ketone and quinone exports surged to $X in 2021. Total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Belgium (X tons) represented the major exporter of ketones and quinones, creating 48% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with an 18% share, followed by Germany (16%), Russia (5.1%) and France (5%). Italy (X tons) and Poland (X tons) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the ketones and quinones exports, with a CAGR of +2.4% from 2012 to 2021. At the same time, Italy (+2.0%), the Netherlands (+1.4%) and France (+1.2%) displayed positive paces of growth. Russia and Germany experienced a relatively flat trend pattern. By contrast, Poland (-1.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium increased by +4.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2021, with a combined 67% share of total exports. France, Italy, Russia and Poland lagged somewhat behind, together comprising a further 16%.

Italy, with a CAGR of +2.5%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, picking up by 23% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Russia ($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 (+1.3%), while the other leaders experienced more modest paces of growth.

Ketone And Quinone Imports

Imports in Europe

In 2021, supplies from abroad of ketones and quinones increased by 17% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 20%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, ketone and quinone imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons), the Netherlands (X tons) and the UK (X tons) represented roughly 72% of total imports in 2021. Italy (X tons) held a 5.8% share (based on physical terms) of total imports, which put it in second place, followed by Switzerland (4.7%). Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ketone and quinone importing markets in Europe were Germany ($X), Belgium ($X) and the Netherlands ($X), with a combined 48% share of total imports. Switzerland, the UK, Spain and Italy lagged somewhat behind, together comprising a further 33%.

The UK, with a CAGR of +9.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, increasing by 17% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform