India: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in India

The Indian ketone and quinone market surged to $X in 2021, picking up by 23% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Ketone And Quinone Production in India

In value terms, ketone and quinone production expanded sharply to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 179% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Ketone And Quinone Exports

Exports from India

In 2021, ketone and quinone exports from India soared to X tons, with an increase of 18% compared with the previous year's figure. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 43%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, ketone and quinone exports totaled $X in 2021. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 32%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and Switzerland (X tons) were the main destinations of ketone and quinone exports from India, with a combined 48% share of total exports. These countries were followed by the Netherlands, Germany, Iran, Brazil, Mexico, the United Arab Emirates, France, Spain, Kenya and Singapore, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Kenya (with a CAGR of +42.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ketone and quinone exported from India were the United States ($X), Switzerland ($X) and China ($X), together accounting for 44% of total exports. These countries were followed by the Netherlands, Germany, France, Singapore, Spain, Brazil, Mexico, Iran, the United Arab Emirates and Kenya, which together accounted for a further 29%.

Kenya, with a CAGR of +37.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, shrinking by -2.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Kenya ($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 Germany (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into India

In 2021, approx. X tons of ketones and quinones were imported into India; increasing by 28% compared with the previous year. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of ketone and quinone imports to India, with a combined 62% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +23.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ketones and quinones to India, comprising 48% of total imports. The second position in the ranking was held by South Korea ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+23.5% per year) and Taiwan (Chinese) (-7.1% per year).

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, growing by 4.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($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 United States (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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