United Arab Emirates: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in the United Arab Emirates

In 2021, the denatured ethyl alcohol market in the United Arab Emirates decreased by -6.1% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of denatured ethyl alcohol and other denatured spirits decreased by -18.6% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 when exports increased by 248%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports reduced notably to $X in 2021. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by 203% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for denatured ethyl alcohol exports from the United Arab Emirates, with a 47% share of total exports. Moreover, denatured ethyl alcohol exports to Saudi Arabia exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. Madagascar (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+19.0% per year) and Madagascar (-7.9% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from the United Arab Emirates, comprising 49% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 15% share of total exports. It was followed by Kuwait, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+16.6% per year) and Kuwait (+25.0% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, with a decrease of -34.2% against the previous year. In general, the export price saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Iran ($X per ton), while the average price for exports to China ($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 Iran (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Denatured Ethyl Alcohol Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of denatured ethyl alcohol and other denatured spirits decreased by -15.8% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 150% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports stood at $X in 2021. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 118%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest denatured ethyl alcohol supplier to the United Arab Emirates, with a 56% share of total imports. Moreover, denatured ethyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. The third position in this ranking was taken by Pakistan (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-2.4% per year) and Pakistan (-6.2% per year).

In value terms, the largest denatured ethyl alcohol suppliers to the United Arab Emirates were the United States ($X), South Africa ($X) and Pakistan ($X), together comprising 90% of total imports.

South Africa, with a CAGR of -5.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, jumping by 20% against the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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