Kazakhstan: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Kazakhstan

After four years of growth, the Kazakh denatured ethyl alcohol market decreased by -10.9% to $X in 2021. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +82.8% against 2016 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Denatured Ethyl Alcohol Production in Kazakhstan

In value terms, denatured ethyl alcohol production shrank to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +88.4% against 2016 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 28%. As a result, production attained the peak level of $X, and then shrank in the following year.

Denatured Ethyl Alcohol Exports

Exports from Kazakhstan

In 2021, shipments abroad of denatured ethyl alcohol and other denatured spirits decreased by -1.8% to X tons, falling for the eighth consecutive year after two years of growth. In general, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2013 when exports increased by 9% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports shrank to $X in 2021. Over the period under review, exports recorded a dramatic slump. The smallest decline of -5.6% was in 2020. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for denatured ethyl alcohol exports from Kazakhstan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to -26.7%.

In value terms, Russia ($X) also remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Kazakhstan.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -24.6%.

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, reducing by -4.2% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, denatured ethyl alcohol export price decreased by -8.0% against 2019 indices. The growth pace was the most rapid in 2018 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +2.8% per year.

Denatured Ethyl Alcohol Imports

Imports into Kazakhstan

In 2021, purchases abroad of denatured ethyl alcohol and other denatured spirits increased by 207% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports posted strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 431% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, denatured ethyl alcohol imports surged to $X in 2021. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 175%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Russia (X tons), Turkey (X tons) and Germany (X kg) were the main suppliers of denatured ethyl alcohol imports to Kazakhstan.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +90.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Kazakhstan, comprising 69% of total imports. The second position in the ranking was taken by Russia ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +51.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+22.1% per year) and Germany (+67.8% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, shrinking by -41.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 243% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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