Ketone And Quinone Market in the United States
Market Overview
For the sixth consecutive year, the U.S. ketone and quinone market recorded growth in sales value, which increased by 
% to $ in . In general, consumption, however, saw slight growth. Over the period under review, the market attained the maximum level in and is likely to see steady growth in the near future.
In value terms, ketone and quinone production expanded significantly to $ in . Over the period under review, production, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2008; however, from 2009 to , production remained at a lower figure.
% to $ in . In general, consumption, however, saw slight growth. Over the period under review, the market attained the maximum level in and is likely to see steady growth in the near future.In value terms, ketone and quinone production expanded significantly to $
in . Over the period under review, production, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2008; however, from 2009 to , production remained at a lower figure.Consumption
In , after five years of growth, there was significant decline in consumption of ketones and quinones, when its volume decreased by -% to tons. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From 2009 to , the growth of the consumption failed to regain momentum.
The value of the ketone and quinone market in the United States rose markedly to $ in , increasing 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). In general, consumption, however, showed mild growth. Ketone and quinone consumption peaked in and is expected to retain growth in the near future.
, after five years of growth, there was significant decline in consumption of ketones and quinones, when its volume decreased by -% to tons. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From 2009 to , the growth of the consumption failed to regain momentum.The value of the ketone and quinone market in the United States rose markedly to $
in , increasing 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). In general, consumption, however, showed mild growth. Ketone and quinone consumption peaked in and is expected to retain growth in the near future.Market Forecast
The ketone and quinone market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 eight-year period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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
Driven by a growing demand, the share of imports in total supply in the United States increased significantly over the last fifteen years (from % to %). 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.
% to %). 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
The United States remains a net importer of ketone and quinone; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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