Saudi Arabia: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Saudi Arabia

In 2021, the Saudi denatured ethyl alcohol market decreased by -10.1% to $X, falling for the fifth year in a row after two years of growth. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Denatured Ethyl Alcohol Production in Saudi Arabia

In value terms, denatured ethyl alcohol production soared to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 103%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from Saudi Arabia

In 2021, overseas shipments of denatured ethyl alcohol and other denatured spirits increased by 539% to X tons, rising for the second year in a row after four years of decline. In general, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, denatured ethyl alcohol exports surged to $X in 2021. Over the period under review, exports, however, recorded a slight decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for denatured ethyl alcohol exports from Saudi Arabia, with a 64% share of total exports. Moreover, denatured ethyl alcohol exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X tons), fivefold. Egypt (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+143.5% per year) and Egypt (0.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Saudi Arabia, comprising 66% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 12% share of total exports. It was followed by Egypt, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+357.7% per year) and Egypt (0.0% per year).

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, which is down by -28.7% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 65% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while the average price for exports to Kuwait ($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 Jordan (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Saudi Arabia

After two years of growth, supplies from abroad of denatured ethyl alcohol and other denatured spirits decreased by -82.7% to X tons in 2021. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 333%. As a result, imports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, denatured ethyl alcohol imports dropped markedly to $X in 2021. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 456%. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

Pakistan (X tons), South Africa (X tons) and France (X tons) were the main suppliers of denatured ethyl alcohol imports to Saudi Arabia, together accounting for 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +54.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Pakistan ($X), France ($X) and South Africa ($X) were the largest denatured ethyl alcohol suppliers to Saudi Arabia, with a combined 93% share of total imports.

In terms of the main suppliers, France, with a CAGR of +64.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, standing approx. at the previous year. Overall, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, denatured ethyl alcohol import price increased by +60.7% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 45%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from France ($X per ton) and Pakistan ($X per ton), while the price for Brazil ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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