Australia: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Australia

After four years of growth, the Australian denatured ethyl alcohol market decreased by -19.3% to $X in 2021. Overall, consumption continues to indicate a noticeable decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in Australia

In value terms, denatured ethyl alcohol production dropped to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 34%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports from Australia

In 2021, shipments abroad of denatured ethyl alcohol and other denatured spirits increased by 20% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2015 with an increase of 639%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports rose sharply to $X in 2021. In general, exports, however, saw a mild descent. The growth pace was the most rapid in 2015 when exports increased by 331% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main destinations of denatured ethyl alcohol exports from Australia, together accounting for 76% of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +167.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest markets for denatured ethyl alcohol exported from Australia worldwide, together accounting for 76% of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of +166.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, falling by -8.4% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. 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 +85.3% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 48% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then shrank in the following year.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Spain ($X per ton) and the Philippines ($X per ton), while the average price for exports to Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Australia

After two years of growth, supplies from abroad of denatured ethyl alcohol and other denatured spirits decreased by -96.2% to X tons in 2021. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 13,285% against the previous year. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, denatured ethyl alcohol imports shrank remarkably to $X in 2021. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 15,313%. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

In 2021, the United States (X tons) was the main denatured ethyl alcohol supplier to Australia, accounting for a 91% share of total imports. Moreover, denatured ethyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +44.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.1% per year) and Pakistan (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Australia, comprising 95% of total imports. The second position in the ranking was taken by China ($X), with a 0.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.6% per year) and Pakistan (0.0% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, picking up by 288% against the previous year. In general, the import price saw a prominent expansion. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.0%).

Source: IndexBox Platform

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