Which Country Imports the Most Ketones and Quinones in the World?

Basic Chemicals May 28, 2018
Author: Anna Sergeeva
Market Analyst

Which Country Imports the Most Ketones and Quinones in the World?

IndexBox has just published a new report "World: Ketones And Quinones - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, approx. 2.9M tonnes of ketone and quinone were imported worldwide- reducing by -9.7% against the previous year level. In general, ketone and quinone imports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2010, when imports increased by 13% year-to-year. In that year, global ketone and quinone imports reached its maximum volume of 3.6M tonnes. From 2011 to 2016, growth of global ketone and quinone imports failed to regain its strength.

In value terms, ketone and quinone imports amounted to $5.2B in 2016. In general, ketone and quinone imports continue to indicate a mild contraction. Over the period under review, global ketone and quinone imports attained its maximum level of $7.5B in 2011- however, from 2012 to 2016, it failed to regain its strength.

Top Ketone And Quinone Importing Countries in the World

1. Germany (494.5 million USD)

2. China (462.2 million USD)

3. Belgium (334.6 million USD)

4. United Kingdom (230.5 million USD)

5. Netherlands (195.6 million USD)

6. Japan (177.3 million USD)

7. South Korea (168.4 million USD)

8. Spain (157.2 million USD)

9. Mexico (137.1 million USD)

10. Thailand (116.4 million USD)

11. Italy (112.6 million USD)

12. Indonesia (75.2 million USD)

Ketone And Quinone Imports By Country

The imports of the three major importers of ketone and quinone, namely China, Germany, and Belgium, represented more than third of total import. The UK (242K tonnes) took a 8% share (based on tonnes) of global ketone and quinone imports, which put it in second place, following the Netherlands (6%), and South Korea (5%). Thailand (117K tonnes), Mexico (112K tonnes), Spain (75K tonnes), Italy (74K tonnes), Japan (70K tonnes), and Indonesia (61K tonnes) took the minor share of total imports.

From 2007 to 2016, the most notable growth rate of ketone and quinone imports, among the main importing countries, was attained by Belgium (+7.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest ketone and quinone markets worldwide were Germany ($495M), China ($462M) and Belgium ($335M), with a combined 25% share of global imports.

Belgium (+3.1% per year) recorded the highest rates of growth with regard to the ketone and quinone imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Ketone And Quinone Import Prices By Country

In 2016, the average import price for ketone and quinone amounted to $1,791 per tonne, approximately reflecting the previous year level. In general, ketone and quinone import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when import price increased by 23% y-o-y. Over the period under review, average ketone and quinone import price reached its maximum level of $2,252 per tonne in 2014- however, from 2015 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Japan ($2,541 per tonne), while China ($835 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of ketone and quinone import prices was attained by Japan (+1.2% per year), while the other global leaders experienced more modest paces of growth.

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