China - Ketones And Quinones - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKetone and Quinone Price in China - 2023
Contents:
- Ketone and Quinone Price in China (FOB) - 2023
- Ketone and Quinone Price in China (CIF) - 2022
- Ketone and Quinone Exports in China
- Ketone and Quinone Imports in China
Ketone and Quinone Price in China (FOB) - 2023
In June 2023, the average ketone and quinone export price amounted to $4,683 per ton, growing by 5.9% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 28% against the previous month. The export price peaked at $4,937 per ton in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($21,596 per ton), while the average price for exports to Pakistan ($1,456 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Ketone and Quinone Price in China (CIF) - 2022
The average ketone and quinone import price stood at $682 per ton in 2022, dropping by -2% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 26% against the previous year. The import price peaked at $1,385 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,312 per ton), while the price for Saudi Arabia ($446 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Ketone and Quinone Exports in China
Ketone and quinone exports from China surged to 434K tons in 2022, growing by 16% on the previous year. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, ketone and quinone exports skyrocketed to $2.3B in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.4% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Ketone and Quinone in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 223 | 278 | 366 | 382 | 19.7% |
| India | 194 | 217 | 293 | 336 | 20.1% |
| South Korea | 108 | 105 | 119 | 216 | 26.0% |
| Netherlands | 79.6 | 69.0 | 106 | 133 | 18.7% |
| Japan | 82.9 | 74.8 | 92.4 | 107 | 8.9% |
| Indonesia | 52.1 | 45.9 | 55.8 | 104 | 25.9% |
| Germany | 76.5 | 73.1 | 89.9 | 104 | 10.8% |
| Vietnam | 26.4 | 30.0 | 33.4 | 87.1 | 48.9% |
| Brazil | 43.3 | 44.4 | 57.7 | 70.7 | 17.8% |
| Singapore | 48.9 | 43.9 | 50.9 | 64.5 | 9.7% |
| Taiwan (Chinese) | 56.7 | 45.5 | 45.1 | 43.8 | -8.2% |
| Thailand | 17.4 | 19.1 | 28.2 | 34.9 | 26.1% |
| Philippines | 10.0 | 8.1 | 13.0 | 20.1 | 26.2% |
| Others | 331 | 334 | 476 | 557 | 18.9% |
| Total | 1,350 | 1,388 | 1,827 | 2,260 | 18.7% |
Top Export Markets for Ketone and Quinone from China in 2022:
- South Korea (89.9K tons)
- India (78.8K tons)
- Indonesia (46.8K tons)
- Vietnam (43.2K tons)
- Netherlands (18.6K tons)
- United States (17.8K tons)
- Thailand (12.1K tons)
- Germany (11.3K tons)
- Brazil (10.1K tons)
- Japan (9.0K tons)
- Singapore (8.5K tons)
- Taiwan (Chinese) (8.3K tons)
- Philippines (7.7K tons)
Ketone and Quinone Imports in China
After three years of growth, overseas purchases of ketones and quinones decreased by -7.2% to 1.1M tons in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47%.
In value terms, ketone and quinone imports contracted to $738M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year.
| Import of Ketone and Quinone in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 72.5 | 112 | 164 | 160 | 30.2% |
| South Korea | 90.3 | 132 | 148 | 132 | 13.5% |
| Thailand | 73.7 | 128 | 127 | 115 | 16.0% |
| Taiwan (Chinese) | 95.6 | 140 | 133 | 88.7 | -2.5% |
| Japan | 30.5 | 35.4 | 59.9 | 37.3 | 6.9% |
| Singapore | 6.6 | 21.5 | 6.0 | 15.3 | 32.3% |
| Belgium | 25.6 | 8.2 | 2.7 | 13.8 | -18.6% |
| Others | 161 | 164 | 171 | 175 | 2.8% |
| Total | 556 | 741 | 810 | 738 | 9.9% |
Top Suppliers of Ketone and Quinone to China in 2022:
- Saudi Arabia (359.7K tons)
- Thailand (237.8K tons)
- South Korea (219.4K tons)
- Taiwan (Chinese) (175.2K tons)
- Singapore (28.3K tons)
- Belgium (22.7K tons)
- Japan (9.5K tons)
This report provides an in-depth analysis of the ketone and quinone market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146211 - Acetone
- Prodcom 20146213 - Butanone (methyl ethyl ketone)
- Prodcom 20146215 - 4-Methylpentan-2-one (methyl isobutyl ketone)
- Prodcom 20146219 - Acyclic ketones, without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2one (methyl isobutyl ketone))
- Prodcom 20146231 - Camphor, aromatic ketones without other oxygen function, k etone-alcohols, ketone-aldehydes, ketone-phenols and ketones with other oxygen function
- Prodcom 20146233 - Cyclohexanone and methylcyclohexanones
- Prodcom 20146235 - Ionones and methylionones
- Prodcom 20146239 - Cyclanic, cyclenic or cycloterpenic ketones without other oxygen function (excluding camphor, cyclohexanone and methylcyclohexanones, ionones and methylionones)
- Prodcom 20146260 - Quinones
- Prodcom 20146270 - Halogenated, sulphonated, nitrated or nitrosated derivatives of ketones and quinones
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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China leads in global ketone and quinone exports, with a 12%-share of the total volume. In 2020, China supplied abroad 317K tons of ketones and quinones worth $1.4B. South Korea, India and Indonesia consume 44% of China's ketone and quinone exports. In 2020, the average price for ketones and quinones exported from China reduced by -6.9% y-o-y to $4,371 per ton.
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