Global Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size

After three years of growth, the global denatured ethyl alcohol market decreased by -0.8% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Denatured Ethyl Alcohol Production

In value terms, denatured ethyl alcohol production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15% against the previous year. Global production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports

In 2021, shipments abroad of denatured ethyl alcohol and other denatured spirits decreased by -4% to X tons, falling for the third year in a row after three years of growth. In general, exports, however, recorded modest growth. The most prominent rate of growth was recorded in 2018 when exports increased by 36% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the global exports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports soared to $X in 2021. Overall, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 +80.3% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 33%. The global exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States dominates exports structure, resulting at X tons, which was near 59% of total exports in 2021. It was distantly followed by the Netherlands (X tons), mixing up a 4.6% share of total exports. South Africa (X tons), France (X tons), Canada (X tons), Spain (X tons), Poland (X tons), Hungary (X tons), Russia (X tons), Belgium (X tons), Germany (X tons) and Pakistan (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to denatured ethyl alcohol exports from the United States stood at +1.4%. At the same time, Canada (+37.9%), Poland (+31.9%), Spain (+29.5%), Hungary (+15.4%), South Africa (+12.9%) and Russia (+2.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.9% from 2012-2021. Belgium and the Netherlands experienced a relatively flat trend pattern. By contrast, France (-2.1%), Germany (-4.6%) and Pakistan (-7.5%) illustrated a downward trend over the same period. Canada (+3.3 p.p.), South Africa (+2.7 p.p.), Spain (+2.4 p.p.), Poland (+2.3 p.p.) and Hungary (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while France and Pakistan saw its share reduced by -1.5% and -2.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest denatured ethyl alcohol supplier worldwide, comprising 70% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 3.7% share of global exports. It was followed by France, with a 3.5% share.

In the United States, denatured ethyl alcohol exports expanded at an average annual rate of +2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+0.2% per year) and France (-1.9% per year).

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, picking up by 23% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 52% against the previous year. The global export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Russia ($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 (+1.1%), while the other global leaders experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports

Global denatured ethyl alcohol imports dropped to X tons in 2021, declining by -1.5% on the year before. Overall, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.0% against 2014 indices. The pace of growth was the most pronounced in 2018 with an increase of 38%. Global imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, denatured ethyl alcohol imports rose markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 35%. Over the period under review, global imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Canada (X tons), distantly followed by India (X tons), South Korea (X tons), China (X tons) and the Philippines (X tons) were the key importers of denatured ethyl alcohol and other denatured spirits, together mixing up 58% of total imports. The following importers - the Netherlands (X tons), Turkey (X tons), Peru (X tons), Germany (X tons), the UK (X tons), Nigeria (X tons), Belgium (X tons) and the Czech Republic (X tons) - together made up 25% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +65.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits worldwide, comprising 27% of global imports. The second position in the ranking was taken by India ($X), with a 9.5% share of global imports. It was followed by South Korea, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value in Canada amounted to +2.6%. In the other countries, the average annual rates were as follows: India (+30.8% per year) and South Korea (+9.9% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, growing by 7.9% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+4.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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