Japan: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Japan

The Japanese ketone and quinone market rose markedly to $X in 2021, with an increase of 7.3% against the previous year. In general, consumption, however, recorded a perceptible decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ketone And Quinone Production in Japan

In value terms, ketone and quinone production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight downturn. The most prominent rate of growth was recorded in 2019 with an increase of 13% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ketone And Quinone Exports

Exports from Japan

Ketone and quinone exports from Japan rose significantly to X tons in 2021, with an increase of 14% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, ketone and quinone exports soared to $X in 2021. Overall, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, 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

South Korea (X tons) was the main destination for ketone and quinone exports from Japan, with a 39% share of total exports. Moreover, ketone and quinone exports to South Korea exceeded the volume sent to the second major destination, Thailand (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+10.4% per year) and the United States (+15.4% per year).

In value terms, South Korea ($X) remains the key foreign market for ketones and quinones exports from Japan, comprising 30% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports. It was followed by Thailand, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to South Korea totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-5.4% per year) and Thailand (+9.5% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, increasing by 32% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Vietnam ($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 Taiwan (Chinese) (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Japan

In 2021, approx. X tons of ketones and quinones were imported into Japan; jumping by 51% on 2020 figures. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone imports soared to $X in 2021. In general, imports showed a mild increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of ketone and quinone imports to Japan, together comprising 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +13.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) appeared to be the largest ketone and quinone suppliers to Japan, together comprising 67% of total imports. India, South Korea, the United States and South Africa lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, South Korea, with a CAGR of +9.7%, 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

The average ketone and quinone import price stood at $X per ton in 2021, shrinking by -15.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 27%. As a result, import price reached the peak level of $X per ton. From 2020 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 India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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