Northern America: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Northern America

The North American denatured ethyl alcohol market soared to $X in 2021, growing by 48% against the previous year. The total consumption indicated noticeable growth 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 +85.1% against 2017 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in years to come.

Denatured Ethyl Alcohol Production in Northern America

In value terms, denatured ethyl alcohol production rose remarkably to $X in 2021 estimated in export price. The total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.4% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of 37%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports in Northern America

In 2021, after two years of decline, there was growth in overseas shipments of denatured ethyl alcohol and other denatured spirits, when their volume increased by 2.6% to X tons. Overall, exports saw a notable increase. The pace of growth was the most pronounced in 2016 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports skyrocketed to $X in 2021. Total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.8% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States prevails in exports structure, accounting for X tons, which was near 94% of total exports in 2021. It was distantly followed by Canada (X tons), comprising a 5.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to denatured ethyl alcohol exports from the United States stood at +1.4%. At the same time, Canada (+37.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +37.9% from 2012-2021. From 2012 to 2021, the share of Canada increased by +5.2 percentage points.

In value terms, the United States ($X) remains the largest denatured ethyl alcohol supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 4% share of total exports.

In the United States, denatured ethyl alcohol exports expanded at an average annual rate of +2.5% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 34% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 69%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.1%).

Denatured Ethyl Alcohol Imports

Imports in Northern America

In 2021, after two years of decline, there was significant growth in purchases abroad of denatured ethyl alcohol and other denatured spirits, when their volume increased by 64% to X tons. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, denatured ethyl alcohol imports skyrocketed to $X in 2021. Total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 +77.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada dominates imports structure, accounting for X tons, which was approx. 95% of total imports in 2021. It was distantly followed by the United States (X tons), achieving a 5.3% share of total imports.

Canada was also the fastest-growing in terms of the denatured ethyl alcohol and other denatured spirits imports, with a CAGR of +3.1% from 2012 to 2021. The United States experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in Northern America, comprising 93% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.4% share of total imports.

In Canada, denatured ethyl alcohol imports increased at an average annual rate of +2.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, waning by -5.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 41%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.6%).

Source: IndexBox Platform

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