South-Eastern Asia: Quinones Market 2024

Quinones Market Size in South-Eastern Asia

The Southeast Asian quinones market totaled $X in 2022, growing by 9.5% against the previous year. The total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.7% against 2016 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Quinones Production in South-Eastern Asia

In value terms, quinones production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 1,403% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Quinones Exports

Exports in South-Eastern Asia

In 2022, quinones exports in South-Eastern Asia surged to X tons, growing by 24% on 2021. Overall, exports posted a measured increase. The most prominent rate of growth was recorded in 2018 when exports increased by 606%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, quinones exports soared to $X in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 667%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Myanmar (X tons) and Singapore (X tons), together recording 99% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Myanmar (with a CAGR of +53.6%).

In value terms, Myanmar ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Myanmar, with a CAGR of +89.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 111% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 277% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Singapore stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+23.4%).

Quinones Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of quinones were imported in South-Eastern Asia; surging by 3.2% compared with the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 32%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, quinones imports declined modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 108%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand prevails in imports structure, reaching X tons, which was approx. 78% of total imports in 2022. It was distantly followed by the Philippines (X tons) and Singapore (X tons), together mixing up a 13% share of total imports. Vietnam (X tons), Indonesia (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of +3.1% from 2012 to 2022. At the same time, Vietnam (+9.6%) and the Philippines (+8.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +9.6% from 2012-2022. By contrast, Indonesia (-4.2%), Malaysia (-9.7%) and Singapore (-17.2%) illustrated a downward trend over the same period. While the share of Thailand (+25 p.p.), the Philippines (+4.7 p.p.) and Vietnam (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-3.2 p.p.) and Singapore (-26.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported quinones in South-Eastern Asia, comprising 82% of total imports. The second position in the ranking was taken by Singapore ($X), with a 6.2% share of total imports. It was followed by Indonesia, with a 4.3% share.

In Thailand, quinones imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (-8.5% per year) and Indonesia (-1.4% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, which is down by -3.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 57% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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