Asia: Ethanol Market 2024

Ethanol Market Size in Asia

The Asian ethanol market stood at $X in 2022, rising by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Ethanol Production in Asia

In value terms, ethanol production rose remarkably to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ethanol Exports

Exports in Asia

Ethanol exports skyrocketed to X litres in 2022, increasing by X% against the previous year's figure. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethanol exports surged to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2013; afterwards, it flattened through to 2022.

Exports by Country

Pakistan dominates exports structure, resulting at X litres, which was near X% of total exports in 2022. India (X litres) ranks second in terms of the total exports with a X% share, followed by South Korea (X%) and Indonesia (X%). The United Arab Emirates (X litres) took a little share of total exports.

Exports from Pakistan increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), South Korea (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.), South Korea (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) remains the largest ethanol supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Pakistan totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Asia stood at $X per litre in 2022, growing by X% against the previous year. Overall, the export price, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per litre), while Pakistan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the export price figures.

Ethanol Imports

Imports in Asia

In 2022, after two years of growth, there was significant decline in overseas purchases of ethyl alcohol, when their volume decreased by X% to X litres. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X litres. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ethanol imports reduced slightly to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted slightly in the following year.

Imports by Country

The countries with the highest levels of ethanol imports in 2022 were Japan (X litres), South Korea (X litres), the Philippines (X litres) and India (X litres), together recording X% of total import. The United Arab Emirates (X litres) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%) and Turkey (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethanol importing markets in Asia were Japan ($X), South Korea ($X) and the Philippines ($X), with a combined X% share of total imports. India, the United Arab Emirates, Singapore and Turkey lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per litre in 2022, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Philippines ($X per litre) and South Korea ($X per litre), while the United Arab Emirates ($X per litre) and Japan ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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