China: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in China

In 2021, the Chinese denatured ethyl alcohol market increased by 2.9% to $X, rising for the third consecutive year after four years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Denatured ethyl alcohol consumption peaked in 2021 and is likely to see steady growth in the near future.

Denatured Ethyl Alcohol Production in China

In value terms, denatured ethyl alcohol production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 100% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from China

In 2021, approx. X tons of denatured ethyl alcohol and other denatured spirits were exported from China; which is down by -82.9% on 2020. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 56,579% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, denatured ethyl alcohol exports fell significantly to $X in 2021. Over the period under review, exports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 67,429% against the previous year. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for denatured ethyl alcohol exports from China, with a 72% share of total exports. Moreover, denatured ethyl alcohol exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. Japan (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-5.3% per year) and Japan (+144.0% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for denatured ethyl alcohol and other denatured spirits exports from China, comprising 74% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Japan, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-5.5% per year) and Japan (+133.6% per year).

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, with an increase of 23% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.7% 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 +118.4% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 50% against the previous year. The export price 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 Malaysia ($X per ton), while the average price for exports to South Korea ($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 Democratic People's Republic of Korea (+18.7%), while the prices for the other major destinations experienced mixed trend patterns.

Denatured Ethyl Alcohol Imports

Imports into China

In 2021, approx. X tons of denatured ethyl alcohol and other denatured spirits were imported into China; increasing by 415% against 2020. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 8,634% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports soared to $X in 2021. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 7,393% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of denatured ethyl alcohol to China, accounting for a 69% share of total imports. Moreover, denatured ethyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +163.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.0% per year) and South Africa (+69.6% per year).

In value terms, the United States ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to China, comprising 65% of total imports. The second position in the ranking was held by Brazil ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +108.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-9.0% per year) and South Africa (+65.1% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, with a decrease of -4.6% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 217% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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