Brazil - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBrazil'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.
| COUNTRY | Export Price of Ethanol in Brazil (USD per thousand litres) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| Ghana | 788 | 867 | 850 | 719 | 731 | 774 | 680 | 792 | 804 | 574 | 790 | 779 | 785 |
| Nigeria | N/A | N/A | 681 | 763 | 508 | 686 | N/A | N/A | N/A | 527 | N/A | 767 | 762 |
| South Korea | 741 | 760 | 707 | 753 | 705 | 749 | 710 | 722 | 685 | 692 | 611 | N/A | 620 |
| Netherlands | 783 | 809 | 759 | 803 | 689 | 713 | 744 | 738 | N/A | 697 | 993 | 758 | 618 |
| Average | 742 | 759 | 702 | 722 | 644 | 701 | 718 | 710 | 693 | 662 | 641 | 662 | 632 |
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.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
