Report Update Nov 1, 2024

Philippines - Denatured Ethyl Alcohol and Other Denatured Spirits - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in the Philippines

The Philippine denatured ethyl alcohol market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports from the Philippines

In 2021, overseas shipments of denatured ethyl alcohol and other denatured spirits increased by 167% to X tons, rising for the second year in a row after six years of decline. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 2,404% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, denatured ethyl alcohol exports skyrocketed to $X in 2021. In general, exports enjoyed temperate growth. The pace of growth was the most pronounced in 2020 when exports increased by 561% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons), Singapore (X tons) and Qatar (X tons) were the main destinations of denatured ethyl alcohol exports from the Philippines, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +101.7%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and Qatar ($X) constituted the largest markets for denatured ethyl alcohol exported from the Philippines worldwide, together comprising 93% of total exports.

Singapore, with a CAGR of +83.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, picking up by 17% against the previous year. In general, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 98% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Singapore ($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 China (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into the Philippines

After four years of decline, supplies from abroad of denatured ethyl alcohol and other denatured spirits increased by 17% to X tons in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 20%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of denatured ethyl alcohol to the Philippines, with a 86% share of total imports. Moreover, denatured ethyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-9.6% per year) and Singapore (-4.6% per year).

In value terms, the United States ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to the Philippines, comprising 84% of total imports. The second position in the ranking was held by Brazil ($X), with a 7.6% share of total imports. It was followed by Singapore, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-10.1% per year) and Singapore (-6.3% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, rising by 24% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for denatured ethyl alcohol and other denatured spirits in the world?

The countries with the highest volumes of denatured ethyl alcohol consumption in 2020 were China, the United States and Japan, with a combined 29% share of global consumption. These countries were followed by India, Russia, Pakistan, Brazil, Canada, the Netherlands, Indonesia, the UK, Mexico and Nigeria, which together accounted for a further 30%.

What are the largest producers of denatured ethyl alcohol and other denatured spirits in the world?

The countries with the highest volumes of denatured ethyl alcohol production in 2020 were the United States, China and Japan, together accounting for 48% of global production.

What are the leading suppliers of denatured ethyl alcohol and other denatured spirits to the Philippines?

In value terms, the United States constituted the largest supplier of denatured ethyl alcohol to the Philippines, comprising 90% of total imports. The second position in the ranking was occupied by Singapore, with a 6.3% share of total imports.

What are the leading importers of denatured ethyl alcohol and other denatured spirits from the Philippines?

In value terms, Singapore emerged as the key foreign market for denatured ethyl alcohol exports from the Philippines, comprising 72% of total exports. The second position in the ranking was occupied by South Korea, with an 11% share of total exports. It was followed by Bahrain, with a 6% share.

What is the average export price for denatured ethyl alcohol and other denatured spirits in the Philippines?

The average denatured ethyl alcohol export price stood at $1,483 per ton in 2020, shrinking by -56% against the previous year.

What is the average import price for denatured ethyl alcohol and other denatured spirits in the Philippines?

The average denatured ethyl alcohol import price stood at $644 per ton in 2020, approximately mirroring the previous year.

This report provides an in-depth analysis of the denatured ethyl alcohol market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023