MENA: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in MENA

The MENA's denatured ethyl alcohol market declined to $X in 2021, shrinking by -13.6% against the previous year. In general, consumption continues to indicate a noticeable downturn. 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 MENA

In value terms, denatured ethyl alcohol production reduced to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports in MENA

In 2021, overseas shipments of denatured ethyl alcohol and other denatured spirits increased by 263% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a perceptible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, denatured ethyl alcohol exports soared to $X in 2021. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the main exporter of denatured ethyl alcohol and other denatured spirits, making up 58% of total exports. It was distantly followed by Egypt (X tons), Iran (X tons) and the United Arab Emirates (X tons), together committing a 40% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to denatured ethyl alcohol exports from Turkey stood at +102.6%. At the same time, Egypt (+190.9%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +190.9% from 2012-2021. By contrast, the United Arab Emirates (-3.8%) and Iran (-11.0%) illustrated a downward trend over the same period. While the share of Turkey (+58 p.p.) and Egypt (+22 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-6.9 p.p.) and Iran (-36.3 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) emerged as the largest denatured ethyl alcohol supplier in MENA, comprising 56% of total exports. The second position in the ranking was held by Egypt ($X), with a 25% share of total exports. It was followed by Iran, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +92.1%. In the other countries, the average annual rates were as follows: Egypt (+188.9% per year) and Iran (-10.8% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, falling by -23.1% against the previous year. Over the period under review, the export price, however, saw mild growth. The pace of growth appeared the most rapid in 2020 an increase of 54%. As a result, the export price reached the peak level of $X per ton, and then dropped notably in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Egypt ($X per ton) and Iran ($X per ton), while the United Arab Emirates ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+0.2%), while the other leaders experienced a decline in the export price figures.

Denatured Ethyl Alcohol Imports

Imports in MENA

In 2021, approx. X tons of denatured ethyl alcohol and other denatured spirits were imported in MENA; reducing by -15% against the previous year. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +5.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 76% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol imports fell notably to $X in 2021. Over the period under review, imports, however, saw a mild increase. The most prominent rate of growth was recorded in 2020 when imports increased by 108% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) was the largest importer of denatured ethyl alcohol and other denatured spirits, generating 66% of total imports. It was distantly followed by the United Arab Emirates (X tons), mixing up a 23% share of total imports. The following importers - Saudi Arabia (X tons) and Israel (X tons) - together made up 4.9% of total imports.

Turkey was also the fastest-growing in terms of the denatured ethyl alcohol and other denatured spirits imports, with a CAGR of +12.6% from 2012 to 2021. At the same time, Israel (+7.2%) displayed positive paces of growth. By contrast, the United Arab Emirates (-3.0%) and Saudi Arabia (-10.4%) illustrated a downward trend over the same period. Turkey (+30 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and the United Arab Emirates saw its share reduced by -8.4% and -24.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in MENA, comprising 64% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Saudi Arabia, with a 3.9% share.

In Turkey, denatured ethyl alcohol imports increased at an average annual rate of +9.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-8.9% per year) and Saudi Arabia (-8.9% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, shrinking by -12% against the previous year. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of 67%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform