Northern America: Ethanol Market 2024

Ethanol Market Size in Northern America

In 2022, the North American ethanol market increased by 0.5% to $X, rising for the sixth consecutive year after three years of decline. Over the period under review, consumption continues to indicate a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of 3.7% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ethanol Production in Northern America

In value terms, ethanol production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight slump. The growth pace was the most rapid in 2017 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Ethanol Exports

Exports in Northern America

After three years of decline, overseas shipments of ethyl alcohol increased by 10% to X litres in 2022. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 52% against the previous year. The volume of export peaked at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethanol exports surged to $X in 2022. In general, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States dominates exports structure, resulting at X litres, which was near 97% of total exports in 2022. Canada (X litres) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ethanol exports from the United States stood at +8.2%. At the same time, Canada (+14.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +14.4% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest ethanol supplier in Northern America, comprising 96% of total exports. The second position in the ranking was held by Canada ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +6.2%.

Export Prices by Country

The export price in Northern America stood at $X per litre in 2022, surging by 19% against the previous year. In general, the export price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by 27% against the previous year. The level of export peaked at $X per litre in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per litre), while the United States amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.1%).

Ethanol Imports

Imports in Northern America

In 2022, approx. X litres of ethyl alcohol were imported in Northern America; increasing by 25% on the previous year. Overall, imports, however, recorded a mild slump. Over the period under review, imports reached the maximum at X litres in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ethanol imports soared to $X in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X litres) was the major importer of ethyl alcohol, comprising 76% of total imports. It was distantly followed by the United States (X litres), mixing up a 24% share of total imports.

Canada was also the fastest-growing in terms of the ethyl alcohol imports, with a CAGR of +3.2% from 2012 to 2022. The United States (-9.2%) illustrated a downward trend over the same period. Canada (+29 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -29.4% from 2012 to 2022, respectively.

In value terms, Canada ($X) constitutes the largest market for imported ethyl alcohol in Northern America, comprising 81% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports.

In Canada, ethanol imports increased at an average annual rate of +7.0% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per litre, jumping by 17% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol import price increased by +78.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 28%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per litre), while the United States amounted to $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.7%).

Source: IndexBox Platform

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