Ukraine: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Ukraine

In 2021, the Ukrainian ketone and quinone market decreased by -11.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Ketone And Quinone Production in Ukraine

In value terms, ketone and quinone production declined to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 68% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.

Ketone And Quinone Exports

Exports from Ukraine

In 2021, shipments abroad of ketones and quinones increased by 63% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2017 when exports increased by 116%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ketone and quinone exports dropped to $X in 2021. Overall, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 87% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for ketone and quinone exports from Ukraine, with a 43% share of total exports. Moreover, ketone and quinone exports to the United States exceeded the volume sent to the second major destination, Latvia (X tons), twofold. The third position in this ranking was held by Switzerland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +59.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+209.7% per year) and Switzerland (+31.2% per year).

In value terms, the United States ($X) remains the key foreign market for ketones and quinones exports from Ukraine, comprising 42% of total exports. The second position in the ranking was held by Latvia ($X), with an 11% share of total exports. It was followed by Belarus, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +87.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+170.7% per year) and Belarus (+7.6% per year).

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2021, waning by -43% against the previous year. In general, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 392%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Switzerland ($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 Russia (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ketone And Quinone Imports

Imports into Ukraine

In 2021, imports of ketones and quinones into Ukraine shrank modestly to X tons, falling by -3.8% compared with 2020 figures. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 14%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ketone and quinone imports skyrocketed to $X in 2021. Overall, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +124.0% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of 53% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest ketone and quinone supplier to Ukraine, accounting for a 77% share of total imports. Moreover, ketone and quinone imports from Russia exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.3% per year) and China (+14.3% per year).

In value terms, the largest ketone and quinone suppliers to Ukraine were China ($X), Russia ($X) and India ($X), together accounting for 79% of total imports.

Among the main suppliers, India, with a CAGR of +52.4%, 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 average ketone and quinone import price stood at $X per ton in 2021, with an increase of 27% against the previous year. Over the period under review, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2019 an increase of 68%. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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