Poland: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Poland

The Polish ketone and quinone market contracted remarkably to $X in 2021, waning by -18.1% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Ketone And Quinone Production in Poland

In value terms, ketone and quinone production soared to $X in 2021 estimated in export price. Overall, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 75% against the previous year. Ketone and quinone production peaked in 2021 and is expected to retain growth in years to come.

Ketone And Quinone Exports

Exports from Poland

For the third year in a row, Poland recorded growth in shipments abroad of ketones and quinones, which increased by 13% to X tons in 2021. Over the period under review, exports, however, showed a mild slump. The pace of growth appeared the most rapid in 2017 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ketone and quinone exports skyrocketed to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 74%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Romania (X tons) were the main destinations of ketone and quinone exports from Poland, with a combined 55% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +15.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ketone and quinone exported from Poland were Germany ($X), Italy ($X) and Romania ($X), with a combined 54% share of total exports.

Italy, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of exports, in terms of 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, rising by 46% against the previous year. Over the period under review, the export price enjoyed mild growth. The most prominent rate of growth was recorded in 2020 an increase of 55%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were the Netherlands ($X per ton) and Austria ($X per ton), while the average price for exports to Lithuania ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Poland

In 2021, approx. X tons of ketones and quinones were imported into Poland; surging by 61% on 2020. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% 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 +74.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 +121.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest ketone and quinone supplier to Poland, accounting for a 56% share of total imports. Moreover, ketone and quinone imports from Germany exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was held by the Netherlands (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+32.4% per year) and the Netherlands (+12.2% per year).

In value terms, Germany ($X) constituted the largest supplier of ketones and quinones to Poland, comprising 46% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by Belgium, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+19.0% per year) and Belgium (+18.5% per year).

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, declining by -1.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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