Report Update Nov 1, 2024

Saudi Arabia - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Ethanol Market 2024

Ethanol Market Size in Saudi Arabia

In 2022, the Saudi ethanol market decreased by -10.8% to $X, falling for the second consecutive year after five years of growth. Overall, consumption, however, posted a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ethanol Production in Saudi Arabia

In value terms, ethanol production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 132%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Ethanol Exports

Exports from Saudi Arabia

After two years of growth, shipments abroad of ethyl alcohol decreased by -82.3% to X litres in 2022. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 1,071%. As a result, the exports attained the peak of X litres. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethanol exports shrank remarkably to $X in 2022. Over the period under review, exports showed a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 634%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Niger (X litres) was the main destination for ethanol exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger totaled +169.3%.

In value terms, Niger ($X) emerged as the key foreign market for ethyl alcohol exports from Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value to Niger amounted to +118.1%.

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, waning by -28.1% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 324% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +11.5% per year.

Ethanol Imports

Imports into Saudi Arabia

In 2021, after three years of growth, there was significant decline in supplies from abroad of ethyl alcohol, when their volume decreased by -39.3% to X litres. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 187% against the previous year. Over the period under review, imports attained the maximum at X litres in 2020, and then reduced dramatically in the following year.

In value terms, ethanol imports reduced markedly to $X in 2021. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 132% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

From 2012 to 2022, the average annual rate of growth in terms of volume from No country was relatively modest.

In value terms, Pakistan ($X) constituted the largest supplier of ethyl alcohol to Saudi Arabia, comprising 55% of total imports. The second position in the ranking was held by South Africa ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Pakistan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-1.6% per year) and France (+47.1% per year).

Import Prices by Country

The average ethanol import price stood at $X per litre in 2021, which is down by -24.8% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 68% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per litre), while the price for the United States ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+41.3%), 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 ethyl alcohol in the world?

The countries with the highest volumes of ethanol consumption in 2021 were Brazil, the United States and China, with a combined 66% share of global consumption. India, Canada, Pakistan and Indonesia lagged somewhat behind, together comprising a further 10%.

What are the largest producers of ethyl alcohol in the world?

The countries with the highest volumes of ethanol production in 2021 were Brazil, the United States and China, together comprising 75% of global production.

What are the leading suppliers of ethyl alcohol to Saudi Arabia?

In value terms, the largest ethanol suppliers to Saudi Arabia were the United States, China and Brazil, with a combined 71% share of total imports.

What are the leading importers of ethyl alcohol from Saudi Arabia?

In value terms, the United Arab Emirates emerged as the key foreign market for ethanol exports from Saudi Arabia, comprising 42% of total exports. The second position in the ranking was occupied by Jordan, with an 18% share of total exports. It was followed by Bahrain, with an 11% share.

What is the average export price for ethyl alcohol in Saudi Arabia?

The average ethanol export price stood at $748 per ton in 2021, with a decrease of -45.3% against the previous year.

What is the average import price for ethyl alcohol in Saudi Arabia?

The average ethanol import price stood at $863 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the ethanol market in Saudi Arabia. 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 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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