Australia and Oceania: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Australia and Oceania

In 2021, after four years of growth, there was significant decline in the denatured ethyl alcohol market in Australia and Oceania, when its value decreased by -16.8% to $X. In general, consumption showed a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Denatured Ethyl Alcohol Production in Australia and Oceania

In value terms, denatured ethyl alcohol production contracted to $X in 2021 estimated in export price. Overall, production saw a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports in Australia and Oceania

In 2021, shipments abroad of denatured ethyl alcohol and other denatured spirits increased by 19% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 138% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, denatured ethyl alcohol exports expanded rapidly to $X in 2021. Over the period under review, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 91%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, recording X tons, which was approx. 97% of total exports in 2021. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the denatured ethyl alcohol and other denatured spirits exports, with a CAGR of -4.2% from 2012 to 2021. New Zealand (-24.0%) illustrated a downward trend over the same period. While the share of Australia (+8.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-9.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest denatured ethyl alcohol supplier in Australia and Oceania, comprising 97% of total exports. The second position in the ranking was held by New Zealand ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to -1.6%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, declining by -8.1% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, denatured ethyl alcohol export price increased by +78.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 27% against the previous year. The level of export peaked at $X per ton in 2020, and then declined in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.7%).

Denatured Ethyl Alcohol Imports

Imports in Australia and Oceania

In 2021, approx. X tons of denatured ethyl alcohol and other denatured spirits were imported in Australia and Oceania; declining by -83% against the year before. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 510%. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, denatured ethyl alcohol imports dropped rapidly to $X in 2021. Overall, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 818% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2021, New Zealand (X tons) represented the main importer of denatured ethyl alcohol and other denatured spirits, constituting 54% of total imports. Solomon Islands (X tons) ranks second in terms of the total imports with a 20% share, followed by Australia (16%). The following importers - Vanuatu (X tons) and French Polynesia (X tons) - each reached a 5.4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to denatured ethyl alcohol imports into New Zealand stood at +8.3%. At the same time, Vanuatu (+47.5%), Australia (+23.8%), French Polynesia (+18.8%) and Solomon Islands (+10.0%) displayed positive paces of growth. Moreover, Vanuatu emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +47.5% from 2012-2021. While the share of Australia (+12 p.p.), New Zealand (+9.6 p.p.), Solomon Islands (+5.7 p.p.), Vanuatu (+2.8 p.p.) and French Polynesia (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest denatured ethyl alcohol importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Solomon Islands ($X), together comprising 89% of total imports.

In terms of the main importing countries, Australia, with a CAGR of +33.0%, recorded the highest growth rate of 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

In 2021, the import price in Australia and Oceania amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, the import price posted prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 50%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while Vanuatu ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by French Polynesia (+10.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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