Italy: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Italy

The Italian ketone and quinone market expanded markedly to $X in 2021, increasing by 12% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Ketone and quinone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ketone And Quinone Production in Italy

In value terms, ketone and quinone production soared to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 52% against the previous year. Ketone and quinone production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ketone And Quinone Exports

Exports from Italy

In 2021, shipments abroad of ketones and quinones was finally on the rise to reach X tons after two years of decline. Overall, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ketone and quinone exports surged to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Switzerland (X tons) and Germany (X tons) were the main destinations of ketone and quinone exports from Italy, together comprising 61% of total exports. The Netherlands, Spain, Ireland, the United States, India, Croatia, Slovenia, Austria, Belgium and China lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +53.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) were the largest markets for ketone and quinone exported from Italy worldwide, together accounting for 45% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +44.1%, recorded the highest rates of growth with regard to 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, rising by 12% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 16%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to France ($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 China (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Italy

In 2021, ketone and quinone imports into Italy skyrocketed to X tons, rising by 23% compared with the previous year. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.4% against 2017 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 56%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of ketone and quinone imports to Italy, together comprising 62% of total imports. Germany, Spain, Saudi Arabia, Poland and China lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +45.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ketone and quinone suppliers to Italy were France ($X), China ($X) and Belgium ($X), with a combined 48% share of total imports. The Netherlands, Germany, Spain, Poland and Saudi Arabia lagged somewhat behind, together comprising a further 36%.

Among the main suppliers, Poland, with a CAGR of +21.6%, saw 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, surging by 9.5% against the previous year. In general, the import price, however, saw a slight contraction. The growth pace was the most rapid in 2020 when the average import price increased by 28%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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