Report Update Nov 1, 2024

Kuwait - Ketones and Quinones - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Kuwait

The Kuwaiti ketone and quinone market reduced rapidly to $X in 2021, waning by -36.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt contraction. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Ketone And Quinone Exports

Exports from Kuwait

In 2021, overseas shipments of ketones and quinones decreased by -45.2% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 874% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, ketone and quinone exports fell sharply to $X in 2021. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of 897%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for ketone and quinone exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +13.2%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for ketones and quinones exports from Kuwait.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +16.7%.

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, increasing by 4.2% against the previous year. Over the period under review, the export price showed moderate growth. The growth pace was the most rapid in 2016 when the average export price increased by 113%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +3.1% per year.

Ketone And Quinone Imports

Imports into Kuwait

In 2021, approx. X tons of ketones and quinones were imported into Kuwait; which is down by -39.6% on the year before. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 79%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ketone and quinone imports contracted significantly to $X in 2021. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 188% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Belgium (X tons) and China (X tons) were the main suppliers of ketone and quinone imports to Kuwait, together comprising 48% of total imports. These countries were followed by Taiwan (Chinese), the Netherlands, Saudi Arabia, Brazil, South Africa and Singapore, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +63.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ketone and quinone suppliers to Kuwait were China ($X), the United Arab Emirates ($X) and Belgium ($X), with a combined 42% share of total imports.

The United Arab Emirates, with a CAGR of +33.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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, picking up by 8.6% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% 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 +123.2% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 61% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ketones and quinones in the world?

The countries with the highest volumes of ketone and quinone consumption in 2020 were China, the United States and Spain, with a combined 35% share of global consumption. These countries were followed by India, Taiwan Chinese), Russia, Japan, Italy, Germany, Mexico, the UK, France and South Korea, which together accounted for a further 38%.

What are the largest producers of ketones and quinones in the world?

The countries with the highest volumes of ketone and quinone production in 2020 were the United States, Japan and Spain, with a combined 29% share of global production. Taiwan Chinese), Saudi Arabia, Russia, China, South Korea, South Africa, Thailand, India and Singapore lagged somewhat behind, together accounting for a further 51%.

What are the leading suppliers of ketones and quinones to Kuwait?

In value terms, China, the UK and South Africa appeared to be the largest ketone and quinone suppliers to Kuwait, with a combined 65% share of total imports.

What is the average export price for ketones and quinones in Kuwait?

In 2020, the average ketone and quinone export price amounted to $41,667 per ton, jumping by 905% against the previous year.

What is the average import price for ketones and quinones in Kuwait?

In 2020, the average ketone and quinone import price amounted to $2,689 per ton, jumping by 36% against the previous year.

This report provides an in-depth analysis of the ketone and quinone market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146211 - Acetone
Prodcom 20146213 - Butanone (methyl ethyl ketone)
Prodcom 20146215 - 4-Methylpentan-2-one (methyl isobutyl ketone)
Prodcom 20146219 - Acyclic ketones, without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2one (methyl isobutyl ketone))
Prodcom 20146231 - Camphor, aromatic ketones without other oxygen function, k etone-alcohols, ketone-aldehydes, ketone-phenols and ketones with other oxygen function
Prodcom 20146233 - Cyclohexanone and methylcyclohexanones
Prodcom 20146235 - Ionones and methylionones
Prodcom 20146239 - Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function (excluding camphor, cyclohexanone and methylcyclohexanones, ionones and methylionones)
Prodcom 20146260 - Quinones
Prodcom 20146270 - Halogenated, sulphonated, nitrated or nitrosated derivatives of ketones and quinones

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023