ECOWAS: Ketone And Quinone Market 2024

Ketone And Quinone Market Size in ECOWAS

The ECOWAS ketone and quinone market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ketone And Quinone Production in ECOWAS

In value terms, ketone and quinone production expanded notably to $X in 2022 estimated in export price. The total production indicated a pronounced 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ketone And Quinone Exports

Exports in ECOWAS

In 2022, shipments abroad of ketones and quinones increased by X% to X tons, rising for the fifth year in a row after two years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, ketone and quinone exports soared to $X in 2022. Over the period under review, exports recorded a pronounced expansion. The growth pace was the most rapid in 2019 with an increase of X% 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 years to come.

Exports by Country

Cote d'Ivoire represented the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Senegal (X tons), achieving a X% share of total exports. Ghana (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price 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, ketone and quinone export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Ketone And Quinone Imports

Imports in ECOWAS

In 2022, approx. X tons of ketones and quinones were imported in ECOWAS; jumping by X% compared with 2021. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ketone and quinone imports soared to $X in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), committing a X% share of total imports. Ghana (X tons) took a little share of total imports.

Nigeria was also the fastest-growing in terms of the ketones and quinones imports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported ketones and quinones in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price 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, ketone and quinone import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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