China Strengthens Leadership in Global Ketone and Quinone Trade
IndexBox has just published a new report: ‘China – Ketones And Quinones – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.
China leads in global ketone and quinone exports, with a 12%-share of the total volume. In 2020, China supplied abroad 317K tonnes 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 tonne.
China’s Ketone and Quinone Exports by Country
China leads in global ketone and quinone exports, accounting for 12% of the total volume in 2020. In value terms, the Chinese share in global exports keeps on growing steadily. From 2010 to 2020, the Chinese share in global export value increased from 12% to 26%.
In 2020, ketone and quinone exports from China expanded rapidly to 317K tonnes, with an increase of +10% in 2019. Overall, total exports indicated a strong increase from 2010 to 2020: its volume increased at an average annual rate of +8.0% over the last decade.
In value terms, ketone and quinone exports rose slightly to $1.4B (IndexBox estimates) in 2020. Over the period under review, total exports indicated a resilient increase from 2010 to 2020: its value increased at an average annual rate of +8.0% over the last decade.
South Korea (70K tonnes), India (36K tonnes) and Indonesia (34K tonnes) were the main destinations of ketone and quinone exports from China, with a combined 44% share of total exports. These countries were followed by Viet Nam, Taiwan (Chinese), the U.S., the Netherlands, Japan, Thailand, Singapore, Germany, Brazil and the Philippines, which together accounted for a further 36%.
In value terms, the largest markets for ketone and quinone exported from China were the U.S. ($278M), India ($217M) and South Korea ($105M), with a combined 43% share of total exports. Japan, Germany, the Netherlands, Indonesia, Taiwan (Chinese), Brazil, Singapore, Viet Nam, Thailand and the Philippines lagged somewhat behind, together accounting for a further 33%. In 2020, Viet Nam (+31% per year) saw the highest rates of growth with regard to the value of exports.
In 2020, the average ketone and quinone export price amounted to $4,371 per tonne, dropping by -6.9% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was the U.S., while the average price for exports to Viet Nam was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Platform