Asia-Pacific: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Asia-Pacific

In 2023, after three years of growth, there was significant decline in the Asia-Pacific ketone and quinone market, when its value decreased by X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2022, and then reduced in the following year.

Ketone And Quinone Production in Asia-Pacific

In value terms, ketone and quinone production shrank to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ketone And Quinone Exports

Exports in Asia-Pacific

In 2023, shipments abroad of ketones and quinones decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, ketone and quinone exports fell significantly to $X in 2023. Total exports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then contracted dramatically in the following year.

Exports by Country

The biggest shipments were from China (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), Japan (X tons), Thailand (X tons) and Singapore (X tons), together reaching X% of total export. India (X tons) took a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest ketone and quinone supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Ketone And Quinone Imports

Imports in Asia-Pacific

In 2023, purchases abroad of ketones and quinones decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, ketone and quinone imports contracted markedly to $X in 2023. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

China was the key importer of ketones and quinones in Asia-Pacific, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. India (X tons) ranks second in terms of the total imports with an X% share, followed by South Korea (X%), Vietnam (X%) and Indonesia (X%). The following importers - Thailand (X tons) and Japan (X tons) - together made up X% of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of ketones and quinones. At the same time, Vietnam (X%), India (X%), South Korea (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Japan (X p.p.), Thailand (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Japan, Indonesia, Vietnam and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in Asia-Pacific amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform