Dominican Republic: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in the Dominican Republic

After two years of growth, the Dominican denatured ethyl alcohol market decreased by -19% to $X in 2021. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Denatured Ethyl Alcohol Production in the Dominican Republic

In value terms, denatured ethyl alcohol production reduced rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 70% against the previous year. As a result, production reached the peak level of $X, and then contracted remarkably in the following year.

Denatured Ethyl Alcohol Exports

Exports from the Dominican Republic

In 2021, overseas shipments of denatured ethyl alcohol and other denatured spirits decreased by -48.9% to X tons, falling for the second consecutive year after eight years of growth. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 881%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, denatured ethyl alcohol exports declined rapidly to $X in 2021. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 597% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then reduced markedly in the following year.

Exports by Country

Barbados (X tons), the United States (X tons) and Guyana (X tons) were the main destinations of denatured ethyl alcohol exports from the Dominican Republic, with a combined 83% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +93.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Barbados ($X), Chile ($X) and the United States ($X) were the largest markets for denatured ethyl alcohol exported from the Dominican Republic worldwide, together comprising 74% of total exports.

Among the main countries of destination, the United States, with a CAGR of +93.9%, saw the highest rates of growth with regard to 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

The average denatured ethyl alcohol export price stood at $X per ton in 2021, declining by -2.9% against 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 2020 when the average export price increased by 30%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Chile (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into the Dominican Republic

In 2021, supplies from abroad of denatured ethyl alcohol and other denatured spirits was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw noticeable growth. The growth pace was the most rapid in 2017 when imports increased by 313%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol imports soared to $X in 2021. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 185% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Trinidad and Tobago (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of denatured ethyl alcohol imports to the Dominican Republic, together accounting for 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Trinidad and Tobago ($X) and Canada ($X) appeared to be the largest denatured ethyl alcohol suppliers to the Dominican Republic, with a combined 95% share of total imports.

Among the main suppliers, Canada, with a CAGR of +28.6%, 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

The average denatured ethyl alcohol import price stood at $X per ton in 2021, flattening at the previous year. Overall, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 61%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Trinidad and Tobago ($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 (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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