Asia: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Asia

In 2021, after two years of growth, there was decline in the Asian denatured ethyl alcohol market, when its value decreased by -3.9% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in Asia

In value terms, denatured ethyl alcohol production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports in Asia

In 2021, exports of denatured ethyl alcohol and other denatured spirits in Asia contracted sharply to X tons, with a decrease of -16.8% against the previous year. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 181%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports declined significantly to $X in 2021. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 161% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Pakistan (X tons) and South Korea (X tons) represented the largest exporters of denatured ethyl alcohol and other denatured spirits in Asia, together recording near 53% of total exports. Singapore (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (12%) and Vietnam (7.5%). The Philippines (X tons) and China (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +102.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest denatured ethyl alcohol supplying countries in Asia were Pakistan ($X), South Korea ($X) and Singapore ($X), with a combined 62% share of total exports. These countries were followed by Turkey, Vietnam, China and the Philippines, which together accounted for a further 31%.

Turkey, with a CAGR of +92.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, waning by -1.9% against the previous year. In general, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Denatured Ethyl Alcohol Imports

Imports in Asia

Denatured ethyl alcohol imports skyrocketed to X tons in 2021, picking up by 17% against 2020. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 63% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports soared to $X in 2021. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 68% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons) and South Korea (X tons) represented the major importers of denatured ethyl alcohol and other denatured spirits in 2021, amounting to near 30% and 24% of total imports, respectively. It was distantly followed by China (X tons), the Philippines (X tons) and Turkey (X tons), together committing a 37% share of total imports. The United Arab Emirates (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +65.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), South Korea ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 64% share of total imports. China, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further 28%.

China, with a CAGR of +56.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the import price increased by 16%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Turkey ($X per ton) and the Philippines ($X per ton), while China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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