Poland: Quinones Market 2024

Quinones Market Size in Poland

In 2022, the Polish quinones market decreased by -3.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a noticeable setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Quinones Production in Poland

In value terms, quinones production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with a decrease of 99.9%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Quinones Exports

Exports from Poland

In 2022, shipments abroad of quinones decreased by -78.3% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 1,044%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, quinones exports contracted significantly to $X in 2022. In general, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 605%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X kg) was the main destination for quinones exports from Poland, accounting for a 80% share of total exports. Moreover, quinones exports to Russia exceeded the volume sent to the second major destination, Ukraine (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-39.3% per year) and Armenia (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for quinones exports from Poland, comprising 53% of total exports. The second position in the ranking was held by Ukraine ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-25.2% per year) and Armenia (0.0% per year).

Export Prices by Country

In 2022, the average quinones export price amounted to $X per ton, dropping by -77% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 1,471%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+23.1%), while the prices for the other major destinations experienced mixed trend patterns.

Quinones Imports

Imports into Poland

After two years of growth, overseas purchases of quinones decreased by -13.8% to X tons in 2022. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 330%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, quinones imports rose remarkably to $X in 2022. Over the period under review, imports, however, saw a mild increase. The most prominent rate of growth was recorded in 2020 when imports increased by 633%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of quinones to Poland, accounting for a 63% share of total imports. Moreover, quinones imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.9% per year) and Japan (+14.7% per year).

In value terms, the largest quinones suppliers to Poland were the Netherlands ($X), China ($X) and Germany ($X), with a combined 69% share of total imports.

Germany, with a CAGR of +16.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average quinones import price stood at $X per ton in 2022, rising by 22% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, quinones import price decreased by -7.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 105% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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