Latin America and the Caribbean: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Latin America and the Caribbean

In 2021, after three years of growth, there was significant decline in the Latin American denatured ethyl alcohol market, when its value decreased by -15.6% to $X. Over the period under review, consumption saw a noticeable downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Denatured Ethyl Alcohol Production in Latin America and the Caribbean

In value terms, denatured ethyl alcohol production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of denatured ethyl alcohol and other denatured spirits were exported in Latin America and the Caribbean; with a decrease of -9% compared with the previous year's figure. Overall, exports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 239%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports reduced markedly to $X in 2021. Over the period under review, exports, however, recorded modest growth. The pace of growth was the most pronounced in 2020 with an increase of 148% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Guatemala (X tons), distantly followed by Brazil (X tons), Nicaragua (X tons), Ecuador (X tons) and Costa Rica (X tons) represented the key exporters of denatured ethyl alcohol and other denatured spirits, together committing 95% of total exports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +33.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), Brazil ($X) and Ecuador ($X) were the countries with the highest levels of exports in 2021, with a combined 75% share of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of +28.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, reducing by -8.9% against the previous year. Overall, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Paraguay ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+11.0%), while the other leaders experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of denatured ethyl alcohol and other denatured spirits decreased by -33.7% to X tons, falling for the second consecutive year after four years of growth. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2016 when imports increased by 107%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports fell rapidly to $X in 2021. Over the period under review, imports faced a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 80%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Peru (X tons) was the main importer of denatured ethyl alcohol and other denatured spirits, creating 49% of total imports. Colombia (X tons) ranks second in terms of the total imports with a 25% share, followed by Jamaica (15%). The following importers - Panama (X tons), Honduras (X tons) and El Salvador (X tons) - together made up 7.8% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Panama (with a CAGR of +218.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Jamaica ($X) were the countries with the highest levels of imports in 2021, with a combined 80% share of total imports. These countries were followed by Panama, Honduras and El Salvador, which together accounted for a further 12%.

In terms of the main importing countries, Panama, with a CAGR of +232.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, showed a perceptible reduction. The growth pace was the most rapid in 2013 an increase of 8.1% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Honduras ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+4.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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