Northern America: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Northern America

In 2021, the North American ketone and quinone market increased by 18% to $X, rising for the fifth year in a row after four years of decline. In general, consumption continues to indicate tangible growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Ketone And Quinone Production in Northern America

In value terms, ketone and quinone production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a slight downturn. The growth pace was the most rapid in 2019 with an increase of 146%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ketone And Quinone Exports

Exports in Northern America

For the fourth consecutive year, Northern America recorded decline in overseas shipments of ketones and quinones, which decreased by -23.1% to X tons in 2021. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 10%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ketone and quinone exports expanded slightly to $X in 2021. Over the period under review, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2017 when exports increased by 18%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons) represented the key exporter of ketones and quinones in Northern America, mixing up 100% of total export.

The United States was also the fastest-growing in terms of the ketones and quinones exports, with a CAGR of -10.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest ketone and quinone supplier in Northern America.

In the United States, ketone and quinone exports contracted by an average annual rate of -4.8% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 33% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ketone and quinone export price increased by +76.5% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +6.0% per year.

Ketone And Quinone Imports

Imports in Northern America

After two years of decline, purchases abroad of ketones and quinones increased by 40% to X tons in 2021. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% 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 hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ketone and quinone imports surged to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the main importing country with an import of around X tons, which recorded 89% of total imports. It was distantly followed by Canada (X tons), generating an 11% share of total imports.

Imports into the United States increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Canada (+5.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +5.8% from 2012-2021. Canada (+2 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -2% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported ketones and quinones in Northern America, comprising 91% of total imports. The second position in the ranking was taken by Canada ($X), with an 8.8% share of total imports.

In the United States, ketone and quinone imports expanded at an average annual rate of +2.1% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, declining by -3.5% against the previous year. Over the period under review, the import price showed a noticeable decrease. The pace of growth was the most pronounced in 2019 when the import price increased by 16% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.0%).

Source: IndexBox Platform

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