Pakistan: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Pakistan

In 2021, the Pakistani denatured ethyl alcohol market decreased by -13.3% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a pronounced reduction. 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 Pakistan

In value terms, denatured ethyl alcohol production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by 62% 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 Pakistan

Denatured ethyl alcohol exports from Pakistan shrank rapidly to X tons in 2021, dropping by -41.5% against the previous year. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 55%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, denatured ethyl alcohol exports shrank dramatically to $X in 2021. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2020 with an increase of 110%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Thailand (X tons) and the United Arab Emirates (X tons) were the main destinations of denatured ethyl alcohol exports from Pakistan, with a combined 39% share of total exports. These countries were followed by the Philippines, the Netherlands, Angola, South Korea, Saudi Arabia, Malaysia, Cote d'Ivoire, Italy and Taiwan (Chinese), which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Angola (with a CAGR of +24.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Thailand ($X) and the United Arab Emirates ($X) constituted the largest markets for denatured ethyl alcohol exported from Pakistan worldwide, together accounting for 38% of total exports. These countries were followed by Angola, the Netherlands, the Philippines, Saudi Arabia, South Korea, Malaysia, Cote d'Ivoire, Taiwan (Chinese) and Italy, which together accounted for a further 26%.

Among the main countries of destination, Angola, with a CAGR of +17.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, dropping by -5.2% against the previous year. In general, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Denatured Ethyl Alcohol Imports

Imports into Pakistan

In 2021, overseas purchases of denatured ethyl alcohol and other denatured spirits increased by 17% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 9,148%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, denatured ethyl alcohol imports shrank to $X in 2021. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2017 with an increase of 7,674%. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

Brazil (X tons), Malaysia (X tons) and the United States (X tons) were the main suppliers of denatured ethyl alcohol imports to Pakistan, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +134.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Pakistan, comprising 47% of total imports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total imports. It was followed by the United States, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+121.0% per year) and the United States (+60.0% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, reducing by -25.3% against the previous year. Overall, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average 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 South Africa ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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