Israel: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Israel

After two years of growth, the Israeli ketone and quinone market decreased by -19.3% to $X in 2021. In general, consumption continues to indicate a noticeable descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Ketone And Quinone Exports

Exports from Israel

In 2021, the amount of ketones and quinones exported from Israel skyrocketed to X tons, jumping by 64% compared with the year before. In general, exports, however, continue to indicate a noticeable descent. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, ketone and quinone exports surged to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for ketone and quinone exports from Israel, accounting for a 20% share of total exports. Moreover, ketone and quinone exports to India exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by Switzerland (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to India totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.6% per year) and Switzerland (+30.6% per year).

In value terms, the United States ($X) remains the key foreign market for ketones and quinones exports from Israel, comprising 30% of total exports. The second position in the ranking was taken by India ($X), with an 11% share of total exports. It was followed by Switzerland, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+6.5% per year) and Switzerland (+24.3% per year).

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, with a decrease of -23.5% against the previous year. In general, the export price, however, continues to indicate a temperate increase. The pace of growth was the most pronounced in 2014 an increase of 90% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($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 (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Israel

In 2021, after seven years of growth, there was significant decline in overseas purchases of ketones and quinones, when their volume decreased by -16.5% to X tons. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 188%. Imports peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, ketone and quinone imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 46% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of ketone and quinone to Israel, accounting for a 57% share of total imports. Moreover, ketone and quinone imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold. South Africa (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.9% per year) and South Africa (+12.7% per year).

In value terms, the largest ketone and quinone suppliers to Israel were the United States ($X), China ($X) and France ($X), with a combined 68% share of total imports. These countries were followed by the Netherlands, India, Germany, South Africa, Belgium, Spain, Switzerland, Russia and the UK, which together accounted for a further 22%.

In terms of the main suppliers, Belgium, with a CAGR of +19.9%, saw the highest growth rate of 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, with an increase of 41% against the previous year. Overall, the import price, however, saw a precipitous decline. The growth pace was the most rapid in 2013 an increase of 68%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-14.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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