Report Update Nov 1, 2024

Cuba - Denatured Ethyl Alcohol and Other Denatured Spirits - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Cuba

The Cuban denatured ethyl alcohol market skyrocketed to $X in 2021, with an increase of 15% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Denatured ethyl alcohol consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in Cuba

In value terms, denatured ethyl alcohol production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 15%. Denatured ethyl alcohol production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from Cuba

In 2021, exports of denatured ethyl alcohol and other denatured spirits from Cuba declined markedly to X tons, reducing by -20% against 2020 figures. Overall, exports saw a significant decrease. The smallest decline of -20% was in 2020. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports reduced sharply to $X in 2021. Over the period under review, exports faced a dramatic decline. The smallest decline of -20% was in 2019. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cayman Islands (X tons) was the main destination for denatured ethyl alcohol exports from Cuba, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to Cayman Islands was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Cayman Islands was relatively modest.

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by less than 0.1%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

As there is only one major export destination, the average price level is determined by prices for Cayman Islands.

From 2015 to 2021, the rate of growth in terms of prices for Cayman Islands amounted to 0.0% per year.

Denatured Ethyl Alcohol Imports

Imports into Cuba

In 2021, overseas purchases of denatured ethyl alcohol and other denatured spirits decreased by -14.6% to X kg, falling for the seventh year in a row after three years of growth. Overall, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 1,520%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports declined modestly to $X in 2021. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by 1,452% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X kg) and Mexico (X kg) were the main suppliers of denatured ethyl alcohol imports to Cuba. Moreover, denatured ethyl alcohol imports in the Netherlands exceeded the figures recorded by the second-largest supplier, Mexico, twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of 0.0%).

In value terms, the Netherlands ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Cuba, comprising 44% of total imports. The second position in the ranking was taken by Mexico ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands was relatively modest.

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, rising by 17% against the previous year. Overall, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 89%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Mexico stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for denatured ethyl alcohol and other denatured spirits in the world?

The countries with the highest volumes of denatured ethyl alcohol consumption in 2020 were China, the United States and Japan, with a combined 29% share of global consumption. These countries were followed by India, Russia, Pakistan, Brazil, Canada, the Netherlands, Indonesia, the UK, Mexico and Nigeria, which together accounted for a further 30%.

What are the largest producers of denatured ethyl alcohol and other denatured spirits in the world?

The countries with the highest volumes of denatured ethyl alcohol production in 2020 were the United States, China and Japan, with a combined 48% share of global production.

What are the leading suppliers of denatured ethyl alcohol and other denatured spirits to Cuba?

In value terms, Mexico $378) constituted the largest supplier of denatured ethyl alcohol to Cuba.

What is the average export price for denatured ethyl alcohol and other denatured spirits in Cuba?

In 2015, the average denatured ethyl alcohol export price amounted to $1,130 per ton, surging by 1.6% against the previous year.

What is the average import price for denatured ethyl alcohol and other denatured spirits in Cuba?

The average denatured ethyl alcohol import price stood at $5,105 per ton in 2020, picking up by 4.2% against the previous year.

This report provides an in-depth analysis of the denatured ethyl alcohol market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023