Egypt: Ethanol Market 2024

Ethanol Market Size in Egypt

The Egyptian ethanol market stood at $X in 2022, picking up by 4% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.3% against 2020 indices. Ethanol consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ethanol Production in Egypt

In value terms, ethanol production rose rapidly to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ethanol Exports

Exports from Egypt

In 2022, shipments abroad of ethyl alcohol increased by 21% to X litres, rising for the third consecutive year after two years of decline. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 427%. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ethanol exports soared to $X in 2022. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 770%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X litres), the Netherlands (X litres) and France (X litres) were the main destinations of ethanol exports from Egypt, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +38.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for ethanol exported from Egypt were Italy ($X), the Netherlands ($X) and France ($X), together accounting for 98% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +66.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, with an increase of 28% against the previous year. Over the period under review, the export price saw mild growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per litre), while the average price for exports to France ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into Egypt

In 2022, supplies from abroad of ethyl alcohol decreased by -23.6% to X litres, falling for the second consecutive year after seven years of growth. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 56%. Over the period under review, imports reached the peak figure at X litres in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ethanol imports shrank to $X in 2022. Overall, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 84% against the previous year. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Jordan (X litres), Russia (X litres) and the United States (X litres) were the main suppliers of ethanol imports to Egypt, with a combined 61% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +193.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethanol suppliers to Egypt were Jordan ($X), the United States ($X) and Russia ($X), together accounting for 63% of total imports.

Jordan, with a CAGR of +157.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ethanol import price amounted to $X per litre, growing by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per litre), while the price for the UK ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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