Australia: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in Australia

In 2022, the Australian ketone and quinone market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a moderate expansion 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, consumption increased by X% against 2019 indices. Ketone and quinone consumption peaked at $X in 2021, and then contracted in the following year.

Ketone And Quinone Exports

Exports from Australia

In 2022, approx. X tons of ketones and quinones were exported from Australia; increasing by X% compared with the year before. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% 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.

In value terms, ketone and quinone exports soared to $X in 2022. In general, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

New Zealand (X tons) was the main destination for ketone and quinone exports from Australia, with a X% share of total exports. Moreover, ketone and quinone exports to New Zealand exceeded the volume sent to the second major destination, Fiji (X tons), fourfold. The third position in this ranking was taken by Ghana (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (X% per year) and Ghana (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for ketones and quinones exports from Australia, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with an X% share of total exports. It was followed by Fiji, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and Fiji (X% per year).

Export Prices by Country

The average ketone and quinone export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, saw measured growth. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Ketone And Quinone Imports

Imports into Australia

In 2022, after two years of growth, there was significant decline in purchases abroad of ketones and quinones, when their volume decreased by X% to X tons. In general, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ketone and quinone imports reduced to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Singapore (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of ketone and quinone imports to Australia, together accounting for X% of total imports. Japan, South Africa, South Korea, Brazil and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X) constituted the largest supplier of ketones and quinones to Australia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Japan (X% per year).

Import Prices by Country

The average ketone and quinone import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price posted a strong increase. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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