Japan: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Japan

The Japanese denatured ethyl alcohol market shrank to $X in 2021, reducing by -9.3% against the previous year. Over the period under review, consumption continues to indicate a mild downturn. Denatured ethyl alcohol consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in Japan

In value terms, denatured ethyl alcohol production declined to $X in 2021 estimated in export price. In general, production continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2020 when the production volume increased by 23% against the previous year. Denatured ethyl alcohol production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports from Japan

In 2021, the amount of denatured ethyl alcohol and other denatured spirits exported from Japan shrank slightly to X tons, waning by -2.4% compared with the previous year's figure. Overall, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2014 when exports increased by 199%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports expanded markedly to $X in 2021. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 166%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for denatured ethyl alcohol exports from Japan, accounting for a 37% share of total exports. Moreover, denatured ethyl alcohol exports to the Philippines exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to the Philippines amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-11.5% per year) and Taiwan (Chinese) (+14.9% per year).

In value terms, the Philippines ($X), the United States ($X) and China ($X) appeared to be the largest markets for denatured ethyl alcohol exported from Japan worldwide, together comprising 51% of total exports. Taiwan (Chinese), Thailand, Hong Kong SAR, the United Arab Emirates, Egypt, Vietnam, Singapore and Indonesia lagged somewhat behind, together comprising a further 32%.

Taiwan (Chinese), with a CAGR of +27.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, rising by 9.1% against the previous year. Overall, the export price showed a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of 257% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Thailand ($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 the United Arab Emirates (+64.1%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Japan

In 2021, approx. X tons of denatured ethyl alcohol and other denatured spirits were imported into Japan; with a decrease of -76.3% compared with the year before. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 4,978% against the previous year. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, denatured ethyl alcohol imports dropped dramatically to $X in 2021. In general, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 2,406%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of denatured ethyl alcohol to Japan, with a 70% share of total imports. Moreover, denatured ethyl alcohol imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +42.4%.

In value terms, the largest denatured ethyl alcohol suppliers to Japan were China ($X) and France ($X).

China, with a CAGR of +52.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the import price posted a moderate expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 73%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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