Middle East: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in the Middle East

The Middle Eastern ketone and quinone market stood at $X in 2022, growing by X% against the previous year. In general, consumption, however, saw a noticeable descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ketone And Quinone Production in the Middle East

In value terms, ketone and quinone production expanded modestly to $X in 2022 estimated in export price. Overall, production saw a sharp downturn. The growth pace was the most rapid in 2016 with an increase of X% 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.

Ketone And Quinone Exports

Exports in the Middle East

In 2022, the amount of ketones and quinones exported in the Middle East reduced markedly to X tons, falling by X% compared with 2021 figures. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, ketone and quinone exports reduced remarkably to $X in 2022. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Saudi Arabia dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. The United Arab Emirates (X tons), Turkey (X tons) and Israel (X tons) took a relatively small share of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Israel experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates and Saudi Arabia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest ketone and quinone supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia totaled X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2020 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced mixed trends in the export price figures.

Ketone And Quinone Imports

Imports in the Middle East

In 2022, the amount of ketones and quinones imported in the Middle East stood at X tons, picking up by X% compared with 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; 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% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, ketone and quinone imports expanded slightly to $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) were the major importers of ketones and quinones in 2022, recording approx. X% and X% of total imports, respectively. Israel (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported ketones and quinones in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, leveling off at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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