Ireland: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Ireland

The Irish denatured ethyl alcohol market soared to $X in 2021, jumping by 129% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from Ireland

Denatured ethyl alcohol exports from Ireland surged to X tons in 2021, with an increase of 92% against the previous year's figure. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 4,791% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, denatured ethyl alcohol exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 4,396%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for denatured ethyl alcohol exports from Ireland, accounting for a 42% share of total exports. Moreover, denatured ethyl alcohol exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by Singapore (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) totaled +1,589.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+16.8% per year) and Singapore (+178.7% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Ireland, comprising 52% of total exports. The second position in the ranking was taken by Singapore ($X), with a 6.7% share of total exports. It was followed by Australia, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) amounted to +1,546.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+154.9% per year) and Australia (+395.7% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, with an increase of 28% against the previous year. Overall, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 92%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to the UK ($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 Malaysia (+1,156.7%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Ireland

In 2021, the amount of denatured ethyl alcohol and other denatured spirits imported into Ireland surged to X tons, with an increase of 95% against 2020. Over the period under review, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 144%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of denatured ethyl alcohol to Ireland, with a 70% share of total imports. Moreover, denatured ethyl alcohol imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-19.5% per year) and France (-19.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Ireland, comprising 73% of total imports. The second position in the ranking was held by the UK ($X), with a 12% share of total imports. It was followed by France, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-16.6% per year) and France (-17.0% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, picking up by 20% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.9% 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 import price increased by +82.2% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 24% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the Netherlands ($X per ton) and the UK ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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