Which Country Exports the Most Ketones and Quinones in the World?
Basic Chemicals May 28, 2018
In 2016, the global ketone and quinone exports stood at 2M tonnes, coming down by -25.9% against the previous year level. Overall, ketone and quinone exports continue to indicate a deep drop. The pace of growth was the most pronounced in 2010, when exports increased by 10% y-o-y. In that year, global ketone and quinone exports attained its maximum volume of 3.1M tonnes. From 2011 to 2016, growth of global ketone and quinone exports failed to regain its strength.
In value terms, ketone and quinone exports amounted to $4.4B in 2016. In general, ketone and quinone exports continue to indicate a mild descent. Over the period under review, global ketone and quinone exports attained its maximum level of $6.3B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
Top Ketone And Quinone Exporting Countries in the World
1. China (953.6 million USD)
2. Germany (430.3 million USD)
3. Netherlands (255.9 million USD)
4. Japan (234.4 million USD)
5. South Korea (180.2 million USD)
6. Singapore (120.2 million USD)
7. South Africa (118.4 million USD)
8. Finland (108.8 million USD)
9. Thailand (69.2 million USD)
Ketone And Quinone Exports By Country
The exports of the nine major exporters of ketone and quinone, namely South Korea, China, Japan, Germany, South Africa, Singapore, the Netherlands, Finland, and Thailand, represented more than two-thirds of total export.
From 2007 to 2016, the most notable growth rate of ketone and quinone exports, among the main exporting countries, was attained by China (+8.3% per year), while the other global leaders experienced more modest paces of growth.
In value terms, China ($954M) remains the largest ketone and quinone supplier in the world, making up 21% of global exports. The second position in the ranking was occupied by Germany ($430M), with the share of 10% of global exports. It was followed by the Netherlands, with the share of 6%.
From 2007 to 2016, the average annual rate of growth in terms of value of ketone and quinone exports in China stood at +6.9%. In the other countries, the average annual rates were as follows: Germany (-0.7% per year) and the Netherlands (-3.2% per year).
Ketone And Quinone Export Prices By Country
In 2016, the average export price for ketone and quinone amounted to $2,180 per tonne, rising by 24% against the previous year. Overall, it indicated a conspicuous expansion from 2007 to 2016: the export price value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, ketone and quinone export price decreased by -2.3% against its level of 2014. The pace of growth appeared the most rapid in 2011, when it surged by 26% against the previous year level. Over the period under review, average ketone and quinone export price reached its maximum level of $2,232 per tonne in 2014; afterwards, it flattened through to 2016.
There were significant differences in the average export prices amongst major exporting countries. In 2016, the country with the highest export prices was China ($4,332 per tonne), while Thailand ($609 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of ketone and quinone export prices was attained by Global (+3.6% per year), while the other global leaders experienced mixed trends in the export price figures.
Do you want to know more about global ketone and quinone market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- ketone and quinone market share
- ketone and quinone prices
- ketone and quinone industry
- ketone and quinone sales
- ketone and quinone import
- ketone and quinone export
- ketone and quinone market forecast
- ketone and quinone price forecast
- key ketone and quinone producers
All data provided in this article covers the following product: HS Code 2914 - Ketones and quinones; whether or not with other oxygen function, and their halogenated, sulphonated, nitrated or nitrostated derivatives.
Source: World: Ketones And Quinones - Market Report. Analysis and Forecast to 2025
