Pakistan: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Pakistan

The Pakistani ketone and quinone market soared to $X in 2021, surging by 61% 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 a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +74.2% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Ketone And Quinone Exports

Exports from Pakistan

In 2021, shipments abroad of ketones and quinones increased by 1,342% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a mild decrease. The pace of growth was the most pronounced in 2015 when exports increased by 1,854%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, ketone and quinone exports soared to $X in 2021. In general, exports posted a moderate increase. The most prominent rate of growth was recorded in 2015 with an increase of 2,637%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) and India (X tons) were the main destinations of ketone and quinone exports from Pakistan.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +58.9%).

In value terms, India ($X) remains the key foreign market for ketones and quinones exports from Pakistan, comprising 90% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +2.4%.

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, rising by 14% against the previous year. In general, the export price showed a notable expansion. The growth pace was the most rapid in 2017 an increase of 56%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.6%).

Ketone And Quinone Imports

Imports into Pakistan

In 2021, purchases abroad of ketones and quinones increased by 119% to X tons, rising for the second consecutive year after two years of decline. In general, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone imports surged to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.8% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 57% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest ketone and quinone supplier to Pakistan, accounting for a 51% share of total imports. Moreover, ketone and quinone imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.5% per year) and South Africa (-4.8% per year).

In value terms, China ($X) constituted the largest supplier of ketones and quinones to Pakistan, comprising 51% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by South Africa, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.1% per year) and South Africa (-3.0% per year).

Import Prices by Country

In 2021, the average ketone and quinone import price amounted to $X per ton, waning by -35.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :