Portugal: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Portugal

In 2021, after two years of decline, there was significant growth in the Portuguese ketone and quinone market, when its value increased by 44% to $X. The market value increased at an average annual rate of +5.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ketone And Quinone Exports

Exports from Portugal

In 2021, approx. X tons of ketones and quinones were exported from Portugal; declining by -36% on 2020. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by 104%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, ketone and quinone exports contracted significantly to $X in 2021. Overall, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of 192% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for ketone and quinone exports from Portugal, accounting for a 78% share of total exports. Moreover, ketone and quinone exports to Spain exceeded the volume sent to the second major destination, France (X tons), more than tenfold. Cabo Verde (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+24.9% per year) and Cabo Verde (+1.3% per year).

In value terms, Spain ($X) remains the key foreign market for ketones and quinones exports from Portugal, comprising 57% of total exports. The second position in the ranking was taken by France ($X), with a 20% share of total exports. It was followed by Cabo Verde, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+27.6% per year) and Cabo Verde (+4.5% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, surging by 12% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.0% 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 +75.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 90% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained 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 France ($X per ton), while the average price for exports to Spain ($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 Spain (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Portugal

After two years of decline, overseas purchases of ketones and quinones increased by 17% to X tons in 2021. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. 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 soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +52.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest ketone and quinone supplier to Portugal, with a 46% share of total imports. Moreover, ketone and quinone imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+39.2% per year) and France (+36.1% per year).

In value terms, Spain ($X) constituted the largest supplier of ketones and quinones to Portugal, comprising 39% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+24.6% per year) and the Netherlands (+22.1% per year).

Import Prices by Country

In 2021, the average ketone and quinone import price amounted to $X per ton, increasing by 26% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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