Germany: Quinones Market 2024

Quinones Market Size in Germany

The German quinones market fell to $X in 2022, shrinking by -6.9% against the previous year. In general, consumption, however, recorded noticeable growth. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Quinones Production in Germany

In value terms, quinones production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with a decrease of 99.9%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the near future.

Quinones Exports

Exports from Germany

In 2022, exports of quinones from Germany declined significantly to X tons, waning by -63% compared with 2021 figures. Overall, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2015 when exports increased by 46%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, quinones exports contracted dramatically to $X in 2022. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 54%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Italy (X tons) and South Korea (X tons) were the main destinations of quinones exports from Germany, with a combined 43% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +22.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for quinones exported from Germany were China ($X), the United States ($X) and Switzerland ($X), together accounting for 43% of total exports. Italy, Belgium, France, Ukraine, South Korea, India, Austria, the UK, Poland and Estonia lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Ukraine, with a CAGR of +8.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average quinones export price stood at $X per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2013 an increase of 46%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Quinones Imports

Imports into Germany

In 2022, the amount of quinones imported into Germany fell rapidly to X tons, waning by -27.4% on the year before. In general, imports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2015 with an increase of 54% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, quinones imports fell to $X in 2022. Over the period under review, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 48%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the Netherlands (X tons) and Austria (X tons) were the main suppliers of quinones imports to Germany, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +37.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest quinones suppliers to Germany, with a combined 84% share of total imports. India, Japan, Austria, the United States and the UK lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Austria, with a CAGR of +30.0%, 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 average quinones import price amounted to $X per ton, with an increase of 28% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 51%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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