Middle East: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in the Middle East

The Middle Eastern denatured ethyl alcohol market fell to $X in 2021, with a decrease of -12.6% against the previous year. Over the period under review, consumption recorded a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Denatured Ethyl Alcohol Production in the Middle East

In value terms, denatured ethyl alcohol production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable downturn. The growth pace was the most rapid in 2020 when the production volume increased by 5% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports in the Middle East

In 2021, after three years of decline, there was significant growth in shipments abroad of denatured ethyl alcohol and other denatured spirits, when their volume increased by 327% to X tons. Over the period under review, exports saw a buoyant 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 surged to $X in 2021. In general, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the main exporter of denatured ethyl alcohol and other denatured spirits in the Middle East, with the volume of exports finishing at X tons, which was approx. 74% of total exports in 2021. Iran (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (8.1%). Saudi Arabia (X tons) took a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the denatured ethyl alcohol and other denatured spirits exports, with a CAGR of +102.6% from 2012 to 2021. At the same time, Saudi Arabia (+9.3%) displayed positive paces of growth. By contrast, the United Arab Emirates (-3.8%) and Iran (-11.0%) illustrated a downward trend over the same period. Turkey (+74 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Iran saw its share reduced by -12.7% and -60.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) emerged as the largest denatured ethyl alcohol supplier in the Middle East, comprising 74% of total exports. The second position in the ranking was held by Iran ($X), with a 15% share of total exports. It was followed by the United Arab Emirates, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +92.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (-10.8% per year) and the United Arab Emirates (-6.8% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with a decrease of -28.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Iran ($X per ton) and Turkey ($X per ton), while Saudi Arabia ($X per ton) and the United Arab Emirates ($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 the Middle East

In 2021, the amount of denatured ethyl alcohol and other denatured spirits imported in the Middle East dropped to X tons, with a decrease of -14.8% against the previous year's figure. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 76% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports fell remarkably to $X in 2021. Over the period under review, imports, however, enjoyed a mild increase. The growth pace was the most rapid in 2020 with an increase of 111% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Turkey represented the key importer of denatured ethyl alcohol and other denatured spirits in the Middle East, with the volume of imports finishing at X tons, which was approx. 67% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), making up a 23% share of total imports. Saudi Arabia (X tons) and Israel (X tons) took a minor share 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. While the share of Turkey (+31 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Saudi Arabia (-8.4 p.p.) and the United Arab Emirates (-24.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in the Middle East, comprising 65% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Saudi Arabia, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +9.9%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.9% per year) and Saudi Arabia (-8.9% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, reducing by -12.3% against the previous year. Over the period under review, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when the import price increased by 69% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: 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

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