Southern Asia: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Southern Asia

The South Asian ketone and quinone market surged to $X in 2021, increasing by 23% against the previous year. The market value increased at an average annual rate of +1.4% 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 expected to retain growth in the near future.

Ketone And Quinone Production in Southern Asia

In value terms, ketone and quinone production expanded remarkably to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 177% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Ketone And Quinone Exports

Exports in Southern Asia

In 2021, the amount of ketones and quinones exported in Southern Asia soared to X tons, picking up by 18% against 2020. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 43% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, ketone and quinone exports expanded significantly to $X in 2021. Overall, exports posted a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, India (X tons) was the major exporter of ketones and quinones in Southern Asia, constituting 99.9% of total export.

India was also the fastest-growing in terms of the ketones and quinones exports, with a CAGR of +11.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest ketone and quinone supplier in Southern Asia.

In India, ketone and quinone exports increased at an average annual rate of +11.7% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, which is down by -3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.1% per year.

Ketone And Quinone Imports

Imports in Southern Asia

In 2021, approx. X tons of ketones and quinones were imported in Southern Asia; picking up by 29% against the previous year. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone imports soared to $X in 2021. Total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 +41.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, resulting at X tons, which was near 95% of total imports in 2021. The following importers - Pakistan (X tons) and Bangladesh (X tons) - each amounted to a 4.4% share of total imports.

Imports into India increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Bangladesh (+12.4%) and Pakistan (+6.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +12.4% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported ketones and quinones in Southern Asia, comprising 95% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India amounted to +4.3%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+6.6% per year) and Bangladesh (+10.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, surging by 4.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 11%. Over the period under review, import prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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