Brazil: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Brazil

After four years of growth, the Brazilian denatured ethyl alcohol market decreased by -16.3% to $X in 2021. Over the period under review, consumption recorded a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Denatured Ethyl Alcohol Production in Brazil

In value terms, denatured ethyl alcohol production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 23% against the previous year. Denatured ethyl alcohol production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from Brazil

In 2021, the amount of denatured ethyl alcohol and other denatured spirits exported from Brazil reduced rapidly to X tons, with a decrease of -42.6% compared with 2020. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 13,661%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports shrank significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 5,477% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for denatured ethyl alcohol exports from Brazil, with a 47% share of total exports. Moreover, denatured ethyl alcohol exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Togo (X tons), sevenfold. The third position in this ranking was taken by Congo (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire amounted to +72.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+29.1% per year) and Congo (+33.0% per year).

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Brazil, comprising 45% of total exports. The second position in the ranking was taken by Togo ($X), with a 6.5% share of total exports. It was followed by the United States, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire stood at +70.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (+29.7% per year) and the United States (+236.5% per year).

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, which is down by -21% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2017 an increase of 83% against the previous year. The export price 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 destination: the country with the highest price was China ($X per ton), while the average price for exports to South Korea ($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 China (+45.5%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Brazil

After two years of growth, overseas purchases of denatured ethyl alcohol and other denatured spirits decreased by -90.2% to X tons in 2021. Overall, imports saw a precipitous descent. The growth pace was the most rapid in 2019 with an increase of 221%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports fell rapidly to $X in 2021. In general, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2015 with an increase of 212% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of denatured ethyl alcohol to Brazil, accounting for a 65% share of total imports. Moreover, denatured ethyl alcohol imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Argentina (X kg) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +443,033.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-71.3% per year) and Argentina (-91.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Brazil, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports. It was followed by Argentina, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled +382,154.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-66.8% per year) and Argentina (-65.4% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, rising by 177% against the previous year. Over the period under review, the import price saw a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+294.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :