Argentina: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Argentina

After two years of growth, the Argentinian denatured ethyl alcohol market decreased by -10.1% to $X in 2021. Over the period under review, consumption continues to indicate a noticeable setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in Argentina

In value terms, denatured ethyl alcohol production reduced to $X in 2021 estimated in export price. Overall, production showed a pronounced decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by 26% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports from Argentina

In 2021, the amount of denatured ethyl alcohol and other denatured spirits exported from Argentina surged to X tons, increasing by 34% against the year before. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,027%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, denatured ethyl alcohol exports amounted to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 709% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for denatured ethyl alcohol exports from Argentina, with a 69% share of total exports. Moreover, denatured ethyl alcohol exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was held by Uruguay (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +137.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+322.7% per year) and Uruguay (+8.6% per year).

In value terms, Germany ($X), Spain ($X) and Uruguay ($X) appeared to be the largest markets for denatured ethyl alcohol exported from Argentina worldwide, together comprising 91% of total exports.

Spain, with a CAGR of +332.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, shrinking by -15% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Paraguay ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Argentina

In 2021, overseas purchases of denatured ethyl alcohol and other denatured spirits increased by 38% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a precipitous curtailment. The growth pace was the most rapid in 2020 when imports increased by 350%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports shrank to $X in 2021. In general, imports, however, continue to indicate a sharp slump. The pace of growth was the most pronounced in 2020 when imports increased by 510% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest denatured ethyl alcohol supplier to Argentina, with a 82% share of total imports. Moreover, denatured ethyl alcohol imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. Chile (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled -22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-35.2% per year) and Chile (-36.7% per year).

In value terms, Brazil ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Argentina, comprising 89% of total imports. The second position in the ranking was held by the United States ($X), with a 5.6% share of total imports. It was followed by South Africa, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at -24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-41.8% per year) and South Africa (-41.5% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, with a decrease of -27.9% against the previous year. Overall, the import price recorded a noticeable setback. The growth pace was the most rapid in 2019 an increase of 55%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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