New Zealand: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in New Zealand

The New Zealand ketone and quinone market surged to $X in 2021, with an increase of 49% 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). Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +73.1% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in years to come.

Ketone And Quinone Exports

Exports from New Zealand

In 2021, shipments abroad of ketones and quinones decreased by -35% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of 51% against the previous year. The exports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, ketone and quinone exports dropped remarkably to $X in 2021. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 202% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

French Polynesia (X tons) was the main destination for ketone and quinone exports from New Zealand, accounting for a 36% share of total exports. Moreover, ketone and quinone exports to French Polynesia exceeded the volume sent to the second major destination, Vanuatu (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to French Polynesia totaled -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vanuatu (+8.1% per year) and the United States (-81.7% per year).

In value terms, the largest markets for ketone and quinone exported from New Zealand were French Polynesia ($X), the United States ($X) and Fiji ($X), with a combined 71% share of total exports.

Fiji, with a CAGR of +14.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, which is down by -17% against the previous year. In general, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 133%. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Vanuatu ($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 Solomon Islands (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into New Zealand

In 2021, after two years of decline, there was significant growth in supplies from abroad of ketones and quinones, when their volume increased by 45% to X tons. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, ketone and quinone imports soared to $X in 2021. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 70%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

South Africa (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) were the main suppliers of ketone and quinone imports to New Zealand, with a combined 57% share of total imports. China, Thailand, South Korea, Australia and Japan lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +21.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ketones and quinones to New Zealand, comprising 48% of total imports. The second position in the ranking was held by South Africa ($X), with a 10% share of total imports. It was followed by Japan, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+14.8% per year) and Japan (+20.9% per year).

Import Prices by Country

In 2021, the average ketone and quinone import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +9.8% 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 +23.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 33%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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