South Africa - Denatured Ethyl Alcohol And Other Denatured Spirits - Market Analysis, Forecast, Size, Trends And Insights
South African Denatured Ethyl Alcohol Prices Drop by 5%, Now at $650/Ton
South Africa Denatured Ethyl Alcohol Export Price in February 2023
In February 2023, the denatured ethyl alcohol price stood at $650 per ton (FOB, South Africa), reducing by -5% against the previous month. In general, the export price showed a noticeable setback. The most prominent rate of growth was recorded in October 2022 an increase of 8.1% against the previous month. The export price peaked at $826 per ton in February 2022; however, from March 2022 to February 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In February 2023, the country with the highest price was Belgium ($668 per ton), while the average price for exports to South Korea stood at $609 per ton.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
|COUNTRY||Feb 2022||Mar 2022||Apr 2022||May 2022||Jun 2022||Jul 2022||Aug 2022||Sep 2022||Oct 2022||Nov 2022||Dec 2022||Jan 2023||Feb 2023|
|Export Price of Denatured Ethyl Alcohol in South Africa (USD per ton)|
|United Arab Emirates||665||N/A||815||808||1,032||781||725||728||721||744||577||743||N/A|
South Africa Denatured Ethyl Alcohol Exports
In February 2023, denatured ethyl alcohol exports from South Africa reduced markedly to 2.7K tons, which is down by -58.1% against the previous month's figure. Over the period under review, exports continue to indicate a noticeable slump. The growth pace was the most rapid in April 2022 with an increase of 557% month-to-month. As a result, the exports reached the peak of 8.8K tons. From May 2022 to February 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, denatured ethyl alcohol exports declined markedly to $1.7M (IndexBox estimates) in February 2023. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in April 2022 with an increase of 595% against the previous month. As a result, the exports reached the peak of $7M. From May 2022 to February 2023, the growth of the exports remained at a lower figure.
South Africa Denatured Ethyl Alcohol Exports by Country
South Korea (1.7K tons) and Belgium (956 tons) were the main destinations of denatured ethyl alcohol exports from South Africa.
From February 2022 to February 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +8.8%).
In value terms, the largest markets for denatured ethyl alcohol exported from South Africa were South Korea ($1M) and Belgium ($638K).
South Korea, with a CAGR of +5.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.
This report provides an in-depth analysis of the denatured ethyl alcohol market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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