Saudi Arabia: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Saudi Arabia

After five years of growth, the Saudi ketone and quinone market decreased by -75.8% to $X in 2021. Overall, consumption recorded a deep contraction. Ketone and quinone consumption peaked at $X in 2020, and then dropped notably in the following year.

Ketone And Quinone Production in Saudi Arabia

In value terms, ketone and quinone production shrank modestly to $X in 2021 estimated in export price. In general, production continues to indicate prominent growth. The growth pace was the most rapid in 2017 with an increase of 90% against the previous year. Ketone and quinone production peaked at $X in 2020, and then shrank slightly in the following year.

Ketone And Quinone Exports

Exports from Saudi Arabia

In 2021, exports of ketones and quinones from Saudi Arabia soared to X tons, increasing by 44% against the previous year. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by 90%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, ketone and quinone exports surged to $X in 2021. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 96% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for ketone and quinone exports from Saudi Arabia, with a 67% share of total exports. Moreover, ketone and quinone exports to China exceeded the volume sent to the second major destination, Japan (X tons), sevenfold. The third position in this ranking was held by the Netherlands (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and the Netherlands (+36.6% per year).

In value terms, China ($X) remains the key foreign market for ketones and quinones exports from Saudi Arabia, comprising 68% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.2% share of total exports. It was followed by the Netherlands, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+77.6% per year) and the Netherlands (+41.5% per year).

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, picking up by 22% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 47%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 the United States (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Saudi Arabia

After two years of growth, overseas purchases of ketones and quinones decreased by -20.5% to X tons in 2021. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 187%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ketone and quinone imports contracted modestly to $X in 2021. Over the period under review, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 50% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), the United States (X tons) and China (X tons) were the main suppliers of ketone and quinone imports to Saudi Arabia, with a combined 34% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +70.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), the United States ($X) and China ($X) constituted the largest ketone and quinone suppliers to Saudi Arabia, with a combined 93% share of total imports.

The United States, with a CAGR of +46.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ketone and quinone import price amounted to $X per ton, picking up by 23% against the previous year. Overall, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 an increase of 431% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for the United Arab Emirates ($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 UK (+47.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :