Malaysia: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Malaysia

The Malaysian ketone and quinone market soared to $X in 2021, increasing by 37% 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). Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +16.2% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ketone And Quinone Exports

Exports from Malaysia

In 2021, exports of ketones and quinones from Malaysia rose significantly to X tons, growing by 7.9% against the year before. Overall, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 12% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ketone and quinone exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for ketone and quinone exports from Malaysia, accounting for a 51% share of total exports. Moreover, ketone and quinone exports to Singapore exceeded the volume sent to the second major destination, Thailand (X tons), sevenfold. Japan (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at -18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-15.6% per year) and Japan (-2.5% per year).

In value terms, Singapore ($X) remains the key foreign market for ketones and quinones exports from Malaysia, comprising 38% of total exports. The second position in the ranking was held by Mauritius ($X), with an 11% share of total exports. It was followed by Japan, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (-2.8% per year) and Japan (+7.0% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, growing by 21% against the previous year. Over the period under review, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 40%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Bangladesh ($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 the United States (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Malaysia

In 2021, after two years of decline, there was significant growth in overseas purchases of ketones and quinones, when their volume increased by 19% to X tons. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 35% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. Overall, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 +16.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore (X tons), Japan (X tons) and China (X tons) were the main suppliers of ketone and quinone imports to Malaysia, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +29.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ketone and quinone suppliers to Malaysia were Singapore ($X), Japan ($X) and China ($X), with a combined 68% share of total imports.

China, with a CAGR of +16.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ketone and quinone import price amounted to $X per ton, picking up by 20% against the previous year. In general, the import price, however, recorded a slight decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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