MERCOSUR: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in MERCOSUR

The MERCOSUR ketone and quinone market expanded remarkably to $X in 2021, growing by 10% against the previous year. In general, consumption, however, continues to indicate a slight reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Ketone And Quinone Production in MERCOSUR

In value terms, ketone and quinone production reduced to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable decrease. The growth pace was the most rapid in 2019 when the production volume increased by 21%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ketone And Quinone Exports

Exports in MERCOSUR

In 2021, approx. X tons of ketones and quinones were exported in MERCOSUR; picking up by 28% compared with 2020. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.2% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 31%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, ketone and quinone exports soared to $X in 2021. Total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 2017 with an increase of 74% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

The shipments of the one major exporters of ketones and quinones, namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the ketones and quinones exports, with a CAGR of +5.4% from 2012 to 2021. Brazil (+15 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest ketone and quinone supplier in MERCOSUR.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled +4.0%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, surging by 31% against the previous year. Over the period under review, the export price, however, saw a mild slump. The pace of growth was the most pronounced in 2017 when the export price increased by 33%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to -1.4% per year.

Ketone And Quinone Imports

Imports in MERCOSUR

In 2021, approx. X tons of ketones and quinones were imported in MERCOSUR; growing by 41% against 2020. Over the period under review, imports showed a relatively flat trend pattern. 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. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) was the key importer of ketones and quinones, committing 67% of total imports. It was distantly followed by Argentina (X tons) and Colombia (X tons), together achieving a 21% share of total imports. Peru (X tons), Chile (X tons) and Ecuador (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to ketone and quinone imports into Brazil stood at +2.3%. At the same time, Argentina (+10.0%) and Ecuador (+9.5%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +10.0% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Chile (-3.6%) and Peru (-10.8%) illustrated a downward trend over the same period. Brazil (+9 p.p.) and Argentina (+6.5 p.p.) significantly strengthened its position in terms of the total imports, while Chile and Peru saw its share reduced by -1.9% and -8.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ketones and quinones in MERCOSUR, comprising 67% of total imports. The second position in the ranking was held by Argentina ($X), with a 13% share of total imports. It was followed by Colombia, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+4.1% per year) and Colombia (+1.1% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, reducing by -3.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 when the import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Colombia ($X per ton) and Argentina ($X per ton), while Peru ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform