South-Eastern Asia: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in South-Eastern Asia

In 2021, the Southeast Asian denatured ethyl alcohol market decreased by -1.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption continues to indicate a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Denatured Ethyl Alcohol Production in South-Eastern Asia

In value terms, denatured ethyl alcohol production contracted to $X in 2021 estimated in export price. Overall, production saw a perceptible descent. The pace of growth was the most pronounced in 2020 when the production volume increased by 23%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of denatured ethyl alcohol and other denatured spirits, when their volume increased by 42% to X tons. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 396% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, denatured ethyl alcohol exports surged to $X in 2021. Over the period under review, exports, however, saw a deep contraction. The growth pace was the most rapid in 2018 with an increase of 262%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Singapore (X tons) was the main exporter of denatured ethyl alcohol and other denatured spirits, generating 50% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 28% share, followed by the Philippines (15%) and Myanmar (5%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of +8.3%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest denatured ethyl alcohol supplying countries in South-Eastern Asia were Singapore ($X), Vietnam ($X) and the Philippines ($X), with a combined 92% share of total exports. Myanmar lagged somewhat behind, comprising a further 4.9%.

Myanmar, with a CAGR of +20.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, dropping by -6.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 22% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Myanmar ($X per ton), while the Philippines ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+29.3%), while the other leaders experienced mixed trends in the export price figures.

Denatured Ethyl Alcohol Imports

Imports in South-Eastern Asia

After two years of decline, overseas purchases of denatured ethyl alcohol and other denatured spirits increased by 18% to X tons in 2021. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 19%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The Philippines prevails in imports structure, accounting for X tons, which was approx. 77% of total imports in 2021. Singapore (X tons) took a 9.1% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (8.2%) and Malaysia (5.5%).

The Philippines experienced a relatively flat trend pattern with regard to volume of imports of denatured ethyl alcohol and other denatured spirits. At the same time, Singapore (+28.0%), Thailand (+8.1%) and Malaysia (+4.9%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +28.0% from 2012-2021. From 2012 to 2021, the share of Singapore and Thailand increased by +7.9 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in South-Eastern Asia, comprising 76% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.8% share of total imports. It was followed by Singapore, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Philippines was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+4.4% per year) and Singapore (+22.5% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, picking up by 15% against the previous year. Overall, the import price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by 18% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Malaysia ($X per ton) and Thailand ($X per ton), while Singapore ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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