Indonesia: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Indonesia

In 2021, the Indonesian denatured ethyl alcohol market decreased by -9.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in Indonesia

In value terms, denatured ethyl alcohol production shrank to $X in 2021 estimated in export price. Over the period under review, production saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 48% against the previous year. Denatured ethyl alcohol production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from Indonesia

Denatured ethyl alcohol exports from Indonesia shrank sharply to X tons in 2021, reducing by -77.6% compared with the year before. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 48,355%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, denatured ethyl alcohol exports dropped sharply to $X in 2021. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 23,293% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Malaysia (X tons) and Singapore (X tons) were the main destinations of denatured ethyl alcohol exports from Indonesia, with a combined 82% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Malaysia ($X), the United Arab Emirates ($X) and Singapore ($X) constituted the largest markets for denatured ethyl alcohol exported from Indonesia worldwide, with a combined 79% share of total exports.

The United Arab Emirates, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, picking up by 13% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% 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 +143.9% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 111% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Vietnam ($X per ton) and Malaysia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Indonesia

In 2021, approx. X tons of denatured ethyl alcohol and other denatured spirits were imported into Indonesia; falling by -3.3% against the previous year's figure. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 35,879% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol imports soared to $X in 2021. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 73,889% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons) constituted the largest supplier of denatured ethyl alcohol to Indonesia, accounting for a 63% share of total imports. Moreover, denatured ethyl alcohol imports from Singapore exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Singapore amounted to +240.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-73.2% per year) and South Korea (+234.5% per year).

In value terms, Singapore ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Indonesia, comprising 38% of total imports. The second position in the ranking was held by Poland ($X), with a 10% share of total imports. It was followed by Vietnam, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from Singapore amounted to +268.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+45.2% per year) and Vietnam (-74.7% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, surging by 54% against the previous year. In general, the import price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2018 an increase of 106% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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