Ketone And Quinone Market in China
Market Overview
The Chinese ketone and quinone market contracted to $
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
In value terms, ketone and quinone production expanded notably to $ in estimated in export price. Over the period under review, production posted a strong expansion. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2016; however, from 2017 to , production failed to regain momentum.
in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.In value terms, ketone and quinone production expanded notably to $
in estimated in export price. Over the period under review, production posted a strong expansion. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2016; however, from 2017 to , production failed to regain momentum.Consumption
In , consumption of ketones and quinones decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated measured growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Ketone and quinone consumption peaked at tons in , and then shrank in the following year.
The size of the ketone and quinone market in China shrank to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption failed to regain momentum.
, consumption of ketones and quinones decreased by -% to tons for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated measured growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Ketone and quinone consumption peaked at tons in , and then shrank in the following year.The size of the ketone and quinone market in China shrank to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for ketones and quinones in China, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Ketone and quinone market in China remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
, the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
China remains a net importer of ketone and quinone; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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