New Zealand: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in New Zealand

The New Zealand denatured ethyl alcohol market expanded to $X in 2021, surging by 4.6% against the previous year. Over the period under review, consumption, however, saw a noticeable descent. Denatured ethyl alcohol consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in New Zealand

In value terms, denatured ethyl alcohol production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The growth pace was the most rapid in 2019 when the production volume increased by 30% against the previous year. Denatured ethyl alcohol production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports from New Zealand

In 2021, the amount of denatured ethyl alcohol and other denatured spirits exported from New Zealand contracted sharply to X tons, reducing by -17.5% on 2020 figures. Overall, exports showed a dramatic downturn. The pace of growth was the most pronounced in 2013 with an increase of 71% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports reduced rapidly to $X in 2021. In general, exports faced a sharp downturn. The pace of growth was the most pronounced in 2013 when exports increased by 55%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for denatured ethyl alcohol exports from New Zealand, with a 83% share of total exports. Moreover, denatured ethyl alcohol exports to Malaysia exceeded the volume sent to the second major destination, South Korea (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to -23.8%.

In value terms, Malaysia ($X) emerged as the key foreign market for denatured ethyl alcohol and other denatured spirits exports from New Zealand, comprising 81% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia stood at -26.9%.

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-2.7%).

Denatured Ethyl Alcohol Imports

Imports into New Zealand

In 2021, the amount of denatured ethyl alcohol and other denatured spirits imported into New Zealand reduced remarkably to X tons, with a decrease of -63% compared with the year before. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 154% against the previous year. As a result, imports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, denatured ethyl alcohol imports dropped rapidly to $X in 2021. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 193%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of denatured ethyl alcohol to New Zealand, with a 59% share of total imports. Moreover, denatured ethyl alcohol imports from Australia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Australia stood at +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+81.3% per year) and South Africa (-4.8% per year).

In value terms, Australia ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to New Zealand, comprising 62% of total imports. The second position in the ranking was taken by South Korea ($X), with a 17% share of total imports. It was followed by South Africa, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Australia stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+76.7% per year) and South Africa (-9.7% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, growing by 2.6% against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2020 when the average import price increased by 16%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :