Product intelligence · HS 291422 · 2024 data

Ketones: cyclanic, cyclenic or cycloterpenic, without other oxygen function, cyclohexanone and methylcyclohexanones

Global exports of ketones: cyclanic, cyclenic or cycloterpenic, without other oxygen function, cyclohexanone and methylcyclohexanones totalled $425,966,734 in 2024, a +52.8% change from the previous year. Traded by 76 countries across 838 bilateral corridors, with demand from 143 importing markets. The long-term trend is declining.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$426.0M

+52.8% YoY

3Y / 5Y CAGR

-5.2%

5Y: +1.0%

Supply structure

Moderately concentrated

HHI 0.182

Volatility

Low

Score 23/100

1.

Market movement

In 2024, ketones: cyclanic, cyclenic or cycloterpenic, without other oxygen function, cyclohexanone and methylcyclohexanones trade exhibited strong growth, with global flows reaching $425,966,734 and a three-year compound annual growth rate of -5.2% (five-year: +1.0%). The all-time peak of $668,775,553 was recorded in 2012; the current level is 36% below that high-water mark.

Over the 30-year observation window (19952024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-1.0% acceleration).

The World Trade Flows Characterization classifies ketones: cyclanic, cyclenic or cycloterpenic, without other oxygen function, cyclohexanone and methylcyclohexanones as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.182). The three largest exporters — Taiwan ($118.1M), China ($111.0M), and Italy ($77.4M) — collectively dominate supply flows. The leading exporter has grown at +10.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.073). The three largest import markets are India ($62.0M), Spain ($47.2M), and Belgium ($44.0M). The largest importing market sources from 10 different supplying countries.

Estimated substitution elasticity: -17.17. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Taiwan → India at $28.8M, representing 46.4% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for ketones: cyclanic, cyclenic or cycloterpenic, without other oxygen function, cyclohexanone and methylcyclohexanones is 23 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $668,775,553 in 2012. Currently 36% below peak.

YearGlobal trade (USD)YoY growth
2015$389,568,872-40.4%
2016$357,365,564-8.3%
2017$453,059,917+26.8%
2018$547,239,285+20.8%
2019$405,999,931-25.8%
2020$301,061,035-25.8%
2021$499,569,547+65.9%
2022$499,355,403-0.0%
2023$278,807,037-44.2%
2024$425,966,734+52.8%

Top exporting countries

Ranked by export value of ketones: cyclanic, cyclenic or cycloterpenic, without other oxygen function, cyclohexanone and methylcyclohexanones in 2024.

View all 76 exporters →

Top importing markets

Largest import destinations for ketones: cyclanic, cyclenic or cycloterpenic, without other oxygen function, cyclohexanone and methylcyclohexanones.

View all 143 markets →

Leading trade corridors

Largest bilateral export flows for ketones: cyclanic, cyclenic or cycloterpenic, without other oxygen function, cyclohexanone and methylcyclohexanones, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1TaiwanIndia$28.8M+23.2%
2ItalySpain$28.3M+2.0%
3ChinaIndia$28.1M+12.3%
4TaiwanUnited States$23.3M+120.6%
5NetherlandsUnited Kingdom$19.7M-3.4%
6TaiwanJapan$15.7M-4.6%
7GermanyBelgium$15.5M+234.3%
8ItalyUnited Kingdom$15.0M+4.2%

Showing top 8 of 10 corridors with available data for 2024.

Go deeper

Get the full intelligence picture

Interactive charts, AI-powered opportunity scoring, competitor benchmarking, and real-time alerts for ketones: cyclanic, cyclenic or cycloterpenic, without other oxygen function, cyclohexanone and methylcyclohexanones. Free to start — no credit card required.

Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.