United Arab Emirates: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in the United Arab Emirates

In 2021, after two years of decline, there was significant growth in the ketone and quinone market in the United Arab Emirates, when its value increased by 81% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Ketone and quinone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ketone And Quinone Exports

Exports from the United Arab Emirates

Ketone and quinone exports from the United Arab Emirates fell to X tons in 2021, shrinking by -5.3% compared with 2020. Over the period under review, exports, however, saw a strong expansion. The growth pace was the most rapid in 2020 when exports increased by 312%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, ketone and quinone exports expanded notably to $X in 2021. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 173%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), the Netherlands (X tons) and India (X tons) were the main destinations of ketone and quinone exports from the United Arab Emirates, together accounting for 63% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +117.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ketone and quinone exported from the United Arab Emirates were Saudi Arabia ($X), Oman ($X) and India ($X), with a combined 56% share of total exports. These countries were followed by the Netherlands, Nigeria, Germany, Malaysia and the Dominican Republic, which together accounted for a further 24%.

The Netherlands, with a CAGR of +92.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ketone and quinone export price amounted to $X per ton, surging by 16% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2018 an increase of 56% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Oman ($X per ton), while the average price for exports to Malaysia ($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 Oman (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Ketone And Quinone Imports

Imports into the United Arab Emirates

Ketone and quinone imports into the United Arab Emirates skyrocketed to X tons in 2021, increasing by 40% against 2020 figures. Overall, imports, however, continue to indicate a slight decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, ketone and quinone imports surged to $X in 2021. In general, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% 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 +79.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), South Africa (X tons) and India (X tons) were the main suppliers of ketone and quinone imports to the United Arab Emirates, together accounting for 76% of total imports. Taiwan (Chinese), China, Singapore and the Netherlands lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +19.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ketone and quinone suppliers to the United Arab Emirates were India ($X), China ($X) and South Africa ($X), with a combined 64% share of total imports.

Among the main suppliers, China, with a CAGR of +17.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2021, growing by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Saudi Arabia ($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 (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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