Germany: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Germany

The German ketone and quinone market soared to $X in 2021, with an increase of 53% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Ketone And Quinone Production in Germany

In value terms, ketone and quinone production fell slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 21% against the previous year. Ketone and quinone production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Ketone And Quinone Exports

Exports from Germany

In 2021, approx. X tons of ketones and quinones were exported from Germany; with an increase of 2.7% on 2020. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 14%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, ketone and quinone exports skyrocketed to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Switzerland (X tons) and Japan (X tons) were the main destinations of ketone and quinone exports from Germany, with a combined 38% share of total exports. These countries were followed by France, Italy, the Czech Republic, Poland, Belgium, the Netherlands, Austria, the UK, Spain and India, which together accounted for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +9.8%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), the United States ($X) and France ($X) constituted the largest markets for ketone and quinone exported from Germany worldwide, together comprising 38% of total exports. These countries were followed by Japan, Italy, Spain, Belgium, the Czech Republic, the UK, Poland, India, the Netherlands and Austria, which together accounted for a further 44%.

In terms of the main countries of destination, Poland, with a CAGR of +8.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, with an increase of 20% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 27%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to the Czech Republic ($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 Italy (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Germany

In 2021, purchases abroad of ketones and quinones was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, ketone and quinone imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of ketone and quinone imports to Germany, together accounting for 80% of total imports. These countries were followed by Italy, France, China, South Korea and Finland, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +46.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ketone and quinone suppliers to Germany were the Netherlands ($X), Belgium ($X) and Spain ($X), together accounting for 55% of total imports. China, France, Italy, South Korea and Finland lagged somewhat behind, together accounting for a further 27%.

In terms of the main suppliers, South Korea, with a CAGR of +20.3%, 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

The average ketone and quinone import price stood at $X per ton in 2021, increasing by 2.3% against the previous year. Overall, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 21%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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