United Kingdom: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in the UK

The UK denatured ethyl alcohol market dropped markedly to $X in 2021, with a decrease of -15.5% against the previous year. In general, consumption saw a pronounced contraction. Denatured ethyl alcohol consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Denatured Ethyl Alcohol Production in the UK

In value terms, denatured ethyl alcohol production fell markedly to $X in 2021 estimated in export price. Overall, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 76% against the previous year. Denatured ethyl alcohol production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from the UK

After two years of growth, overseas shipments of denatured ethyl alcohol and other denatured spirits decreased by -7.4% to X tons in 2021. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports fell remarkably to $X in 2021. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by 64% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for denatured ethyl alcohol exports from the UK, accounting for a 43% share of total exports. Moreover, denatured ethyl alcohol exports to Ireland exceeded the volume sent to the second major destination, France (X tons), threefold. Senegal (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland amounted to -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.4% per year) and Senegal (0.0% per year).

In value terms, Ireland ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from the UK, comprising 33% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Germany, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Ireland stood at -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.1% per year) and Germany (+1.4% per year).

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, declining by -10% against the previous year. In general, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, denatured ethyl alcohol export price increased by +67.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 80%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Senegal ($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 Algeria (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into the UK

In 2021, purchases abroad of denatured ethyl alcohol and other denatured spirits increased by 13% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of 93%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports fell to $X in 2021. Overall, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 99%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest denatured ethyl alcohol supplier to the UK, accounting for a 88% share of total imports. Moreover, denatured ethyl alcohol imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.1% per year) and the United States (+19.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to the UK, comprising 69% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at -11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.2% per year) and France (-1.7% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, which is down by -15.5% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 11% against the previous year. The import price peaked 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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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