Finland: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Finland

In 2021, the Finnish ketone and quinone market decreased by -71% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a abrupt setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Ketone And Quinone Production in Finland

In value terms, ketone and quinone production soared to $X in 2021 estimated in export price. In general, production recorded a mild shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 40%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Ketone And Quinone Exports

Exports from Finland

In 2021, overseas shipments of ketones and quinones increased by 26,767% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. 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. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Germany (X tons) and Spain (X tons) were the main destinations of ketone and quinone exports from Finland, together comprising 95% 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 Germany (with a CAGR of +2,209,355.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for ketones and quinones exports from Finland, comprising 65% of total exports. The second position in the ranking was held by France ($X), with a 15% share of total exports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +4,487,787.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3,788.0% per year) and Spain (+1,668.3% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, picking up by 448% against the previous year. Over the period under review, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to the United States ($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 the United States (+135.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Finland

In 2021, supplies from abroad of ketones and quinones increased by 1% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, imports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2014 when imports increased by 1,404% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, ketone and quinone imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 416%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of ketone and quinone imports to Finland, together accounting for 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +109.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ketones and quinones to Finland, comprising 38% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total imports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.6% per year) and Belgium (+11.2% per year).

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, increasing by 37% against the previous year. In general, the import price enjoyed a measured increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 242%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :