U.S.: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in the U.S.

The U.S. denatured ethyl alcohol market skyrocketed to $X in 2021, growing by 32% against the previous year. Overall, consumption recorded a prominent expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Denatured Ethyl Alcohol Production in the U.S.

In value terms, denatured ethyl alcohol production rose rapidly to $X in 2021. In general, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 37%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from the U.S.

In 2021, overseas shipments of denatured ethyl alcohol and other denatured spirits were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed slight growth. The most prominent rate of growth was recorded in 2016 with an increase of 55%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports surged to $X in 2021. Over the period under review, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 +37.5% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for denatured ethyl alcohol exports from the United States, with a 48% share of total exports. Moreover, denatured ethyl alcohol exports to Canada exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. India (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+105.9% per year) and India (+92.5% per year).

In value terms, Canada ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from the United States, comprising 55% of total exports. The second position in the ranking was held by South Korea ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+107.1% per year) and the Netherlands (+3.3% per year).

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, jumping by 36% against the previous year. In general, the export price enjoyed a mild expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 70% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to India ($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 Canada (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into the U.S.

After four years of growth, supplies from abroad of denatured ethyl alcohol and other denatured spirits decreased by -32.8% to X tons in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 1,143% against the previous year. Imports peaked at X tons in 2020, and then dropped rapidly in the following year.

In value terms, denatured ethyl alcohol imports contracted markedly to $X in 2021. Overall, imports, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 915% against the previous year. Imports peaked at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

In 2021, Canada (X tons) was the main supplier of denatured ethyl alcohol to the United States, with a 98% share of total imports. It was followed by Brazil (X tons), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-52.5% per year) and Spain (-65.4% per year).

In value terms, Canada ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to the United States, comprising 98% of total imports. The second position in the ranking was held by Brazil ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-43.1% per year) and Spain (-66.2% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, dropping by -11% against the previous year. Overall, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, denatured ethyl alcohol import price decreased by +0.9% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 57% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+19.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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