South-Eastern Asia: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in South-Eastern Asia

The Southeast Asian ketone and quinone market soared to $X in 2021, surging by 17% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Ketone And Quinone Production in South-Eastern Asia

In value terms, ketone and quinone production declined dramatically to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 156%. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Ketone And Quinone Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of ketones and quinones were exported in South-Eastern Asia; with an increase of 5.9% against the previous year. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 88%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, ketone and quinone exports skyrocketed to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +84.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Thailand (X tons) and Singapore (X tons) represented the main exporter of ketones and quinones in South-Eastern Asia, committing 99% of total export.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +11.9%).

In value terms, the largest ketone and quinone supplying countries in South-Eastern Asia were Singapore ($X) and Thailand ($X).

Thailand, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 16% against the previous year. Overall, the export price, however, showed a mild curtailment. The growth pace was the most rapid in 2019 an increase of 35%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-0.7%).

Ketone And Quinone Imports

Imports in South-Eastern Asia

In 2021, imports of ketones and quinones in South-Eastern Asia soared to X tons, picking up by 21% compared with the previous year. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), Vietnam (X tons), Indonesia (X tons) and Singapore (X tons) represented the largest importer of ketones and quinones in South-Eastern Asia, creating 84% of total import. Malaysia (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (4.7%).

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +13.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ketone and quinone importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Indonesia ($X), together accounting for 69% of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together comprising a further 30%.

Among the main importing countries, Vietnam, with a CAGR of +10.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, surging by 6.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 16%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Vietnam ($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 Philippines (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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