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Brazil - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Brazil - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights

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Sep 25, 2023

Brazil's Ethanol Price Reaches Lowest Point at $632 per Thousand Litres

Brazil Ethanol Export Price in July 2023

In July 2023, the ethanol price amounted to $632 per thousand litres (FOB, Brazil), shrinking by -4.4% against the previous month. Over the period under review, the export price recorded a mild downturn. The most prominent rate of growth was recorded in December 2022 an increase of 8.9% against the previous month. The export price peaked at $759 per thousand litres in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In July 2023, the highest price was recorded for prices to Ghana ($785 per thousand litres) and Nigeria ($762 per thousand litres), while the average price for exports to the Netherlands ($618 per thousand litres) and South Korea ($620 per thousand litres) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+1.1%), while the prices for the other major destinations experienced a decline.

Brazil Ethanol Export Prices By Country (USD Per Thousand Litres)
COUNTRYExport Price of Ethanol in Brazil (USD per thousand litres)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Ghana788867850719731774680792804574790779785
NigeriaN/AN/A681763508686N/AN/AN/A527N/A767762
South Korea741760707753705749710722685692611N/A620
Netherlands783809759803689713744738N/A697993758618
Average742759702722644701718710693662641662632

Brazil Ethanol Export Prices by Type

Average prices varied noticeably for the major types of exported product. In July 2023, the product with the highest price was denatured ethyl alcohol and other denatured spirits ($729 per thousand litres), while the average price for exports of undenatured ethyl alcohol of an alcoholic strength by volume more than 80 % amounted to $632 per thousand litres.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for the following types: denatured ethyl alcohol (-0.6%).

Brazil Ethanol Exports

In July 2023, after two months of decline, there was significant growth in shipments abroad of ethyl alcohol, when their volume increased by 323% to 313M litres. In general, exports showed pronounced growth. The exports peaked at 352M litres in October 2022; however, from November 2022 to July 2023, the exports stood at a somewhat lower figure.

In value terms, ethanol exports surged to $198M (IndexBox estimates) in July 2023. Overall, exports enjoyed a measured expansion. Over the period under review, the exports reached the peak figure at 254M litres in October 2022; however, from November 2022 to July 2023, the exports remained at a lower figure.

Brazil Ethanol Exports by Type

Undenatured ethyl alcohol of an alcoholic strength by volume more than 80 % (313M litres) was the largest type of ethanol exported from Brazil, accounting for a 100% share of total exports. It was followed by denatured ethyl alcohol and other denatured spirits (628K litres), with a 0.2% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of export of undenatured ethyl alcohol of an alcoholic strength by volume more than 80 % stood at +4.7%.

In value terms, undenatured ethyl alcohol of an alcoholic strength by volume more than 80 % ($198M) remains the largest type of ethanol exported from Brazil, comprising 100% of total exports. The second position in the ranking was held by denatured ethyl alcohol and other denatured spirits ($457K), with a 0.2% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of undenatured ethyl alcohol of an alcoholic strength by volume more than 80 % stood at +3.3%.

Brazil Ethanol Exports by Country

South Korea (146M litres), the United States (76M litres) and the Netherlands (71M litres) were the main destinations of ethanol exports from Brazil, together comprising 94% of total exports. These countries were followed by Japan, Ghana and Nigeria, which together accounted for a further 3.8%.

From July 2022 to July 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +67.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethanol exported from Brazil were South Korea ($91M), the United States ($49M) and the Netherlands ($44M), together comprising 92% of total exports. These countries were followed by Japan, Ghana and Nigeria, which together accounted for a further 4.3%.

Among the main countries of destination, Japan, with a CAGR of +64.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ethanol market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
  • Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength

Country coverage:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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