Hong Kong SAR, China: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Hong Kong SAR, China

In 2021, after two years of decline, there was growth in the Hong Kong ketone and quinone market, when its value increased by 1.5% to $X. Overall, consumption, however, posted a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Ketone And Quinone Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of ketones and quinones increased by 371% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, faced a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ketone and quinone exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for ketone and quinone exports from Hong Kong SAR, accounting for a 67% share of total exports. Moreover, ketone and quinone exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was taken by Macao SAR (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+13.7% per year) and Macao SAR (+1.6% per year).

In value terms, China ($X) remains the key foreign market for ketones and quinones exports from Hong Kong SAR, comprising 53% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 7% share of total exports. It was followed by India, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+3.2% per year) and India (-15.0% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, shrinking by -61.5% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 113% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($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 India (+121.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Hong Kong SAR, China

After two years of decline, overseas purchases of ketones and quinones increased by 23% to X tons in 2021. In general, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 33%. As a result, imports attained 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. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 62%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest ketone and quinone supplier to Hong Kong SAR, with a 71% share of total imports. Moreover, ketone and quinone imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.3% per year) and the United States (-7.0% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) were the largest ketone and quinone suppliers to Hong Kong SAR, with a combined 86% share of total imports.

Among the main suppliers, Japan, with a CAGR of +18.3%, 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

In 2021, the average ketone and quinone import price amounted to $X per ton, increasing by 11% against the previous year. In general, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ketone and quinone import price increased by +17.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 71%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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