Asia-Pacific: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Asia-Pacific

After two years of growth, the Asia-Pacific denatured ethyl alcohol market decreased by -2.9% to $X in 2021. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in Asia-Pacific

In value terms, denatured ethyl alcohol production contracted to $X in 2021 estimated in export price. Over the period under review, production saw a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 30%. 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-Pacific

In 2021, exports of denatured ethyl alcohol and other denatured spirits in Asia-Pacific contracted sharply to X tons, declining by -23.1% compared with the previous year. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 164%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports dropped rapidly to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 146% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons) and South Korea (X tons) represented roughly 54% of total exports in 2021. It was distantly followed by Australia (X tons), Singapore (X tons) and Vietnam (X tons), together making up a 36% share of total exports. The Philippines (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +28.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Pakistan ($X), South Korea ($X) and Australia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 65% of total exports.

South Korea, with a CAGR of +24.9%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, which is down by -1.5% against the previous year. Overall, the export price showed a slight descent. The pace of growth appeared the most rapid in 2020 an increase of 21% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports in Asia-Pacific

In 2021, imports of denatured ethyl alcohol and other denatured spirits in Asia-Pacific soared to X tons, rising by 24% against the previous year. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 76%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports soared to $X in 2021. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 76%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons) and South Korea (X tons) represented roughly 62% of total imports in 2021. China (X tons) held the next position in the ranking, followed by the Philippines (X tons). All these countries together held near 32% share of total imports. The following importers - Singapore (X tons) and Thailand (X tons) - each amounted to a 3.2% 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, together accounting for 76% of total imports. China, Thailand and Singapore lagged somewhat behind, together comprising a further 20%.

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, growing by 5.2% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2020 an increase of 5.6%. The level of import peaked at $X per ton in 2013; however, from 2014 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 Thailand ($X per ton) and the Philippines ($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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