South Africa: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in South Africa

In 2021, after two years of growth, there was significant decline in the South African denatured ethyl alcohol market, when its value decreased by -15.6% to $X. Over the period under review, consumption saw a abrupt shrinkage. Denatured ethyl alcohol consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Denatured Ethyl Alcohol Production in South Africa

In value terms, denatured ethyl alcohol production dropped to $X in 2021 estimated in export price. In general, production recorded a mild decrease. The growth pace was the most rapid in 2019 when the production volume increased by 22% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports from South Africa

In 2021, denatured ethyl alcohol exports from South Africa totaled X tons, increasing by 3.5% compared with 2020 figures. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 52%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports reached $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.0% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 38%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for denatured ethyl alcohol exports from South Africa, with a 47% share of total exports. Moreover, denatured ethyl alcohol exports to the United Arab Emirates exceeded the volume sent to the second major destination, Belgium (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a 20% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+538.1% per year) and South Korea (+21.9% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from South Africa, comprising 61% of total exports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total exports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+961.6% per year) and South Korea (+19.8% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, with an increase of 8.6% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2020 an increase of 26%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($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 Singapore (+16.5%), while the prices for the other major destinations experienced mixed trend patterns.

Denatured Ethyl Alcohol Imports

Imports into South Africa

In 2021, after three years of growth, there was significant decline in overseas purchases of denatured ethyl alcohol and other denatured spirits, when their volume decreased by -96.8% to X tons. Overall, imports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2014 with an increase of 1,454% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then fell notably in the following year.

In value terms, denatured ethyl alcohol imports fell significantly to $X in 2021. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 1,098% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then fell rapidly in the following year.

Imports by Country

In 2021, Pakistan (X tons) constituted the largest supplier of denatured ethyl alcohol to South Africa, with a 64% share of total imports. Moreover, denatured ethyl alcohol imports from Pakistan exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Pakistan totaled +245.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+71.3% per year) and Germany (+46.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to South Africa, comprising 43% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +48.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+197.4% per year) and Germany (+23.6% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, rising by 51% against the previous year. In general, the import price, however, showed a drastic downturn. The growth pace was the most rapid in 2018 when the average import price increased by 80%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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