Republic of Korea - Denatured Ethyl Alcohol And Other Denatured Spirits - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDenatured Ethyl Alcohol Price in South Korea - 2022
Contents:
- Denatured Ethyl Alcohol Price in South Korea (CIF) - 2022
- Denatured Ethyl Alcohol Price in South Korea (FOB) - 2022
- Denatured Ethyl Alcohol Imports in South Korea
- Denatured Ethyl Alcohol Exports in South Korea
Denatured Ethyl Alcohol Price in South Korea (CIF) - 2022
In 2022, the average denatured ethyl alcohol import price amounted to $0.6 per litre, which is down by -8.5% against the previous year. Overall, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2021 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the peak figure at $1 per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($0.7 per litre) and South Africa ($0.6 per litre), while the price for China ($0.5 per litre) and Brazil ($0.5 per litre) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.9%), while the prices for the other major suppliers experienced a decline.
Denatured Ethyl Alcohol Price in South Korea (FOB) - 2022
The average denatured ethyl alcohol export price stood at $1.1 per litre in 2022, dropping by -8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 28%. As a result, the export price reached the peak level of $1.2 per litre. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2.2 per litre), while the average price for exports to India ($0.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Denatured Ethyl Alcohol Imports in South Korea
In 2022, approx. 345M litres of denatured ethyl alcohol and other denatured spirits were imported into South Korea; with an increase of 12% on 2021. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 92%. As a result, imports attained the peak of 381M litres. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, denatured ethyl alcohol imports amounted to $196M in 2022. The total import value increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 45% against the previous year. As a result, imports attained the peak of $200M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Denatured Ethyl Alcohol in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 111 | 171 | 169 | 168 | 14.8% |
| South Africa | 6.2 | 6.6 | 7.7 | 9.3 | 14.5% |
| Pakistan | 11.9 | 6.7 | 1.4 | 6.9 | -16.6% |
| China | 1.2 | 4.8 | 6.5 | 6.9 | 79.2% |
| Others | 7.9 | 10.8 | 7.3 | 5.3 | -12.5% |
| Total | 138 | 200 | 192 | 196 | 12.4% |
Top Suppliers of Denatured Ethyl Alcohol to South Korea in 2022:
- United States (296.0M litres)
- South Africa (15.9M litres)
- China (13.0M litres)
- Pakistan (11.9M litres)
Denatured Ethyl Alcohol Exports in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of denatured ethyl alcohol and other denatured spirits, when their volume decreased by -15.1% to 1.3M litres. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs at 1.5M litres in 2021, and then reduced remarkably in the following year.
In value terms, denatured ethyl alcohol exports shrank significantly to $1.4M in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 78%. Over the period under review, the exports attained the maximum at $1.8M in 2021, and then fell remarkably in the following year.
| Export of Denatured Ethyl Alcohol in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 679 | 0% |
| India | 338 | 575 | 431 | 324 | -1.4% |
| Philippines | 151 | 138 | 27.8 | 129 | -5.1% |
| Turkey | N/A | 113 | 69.2 | N/A | -38.8% |
| Others | 68.0 | 167 | 1,239 | 248 | 53.9% |
| Total | 557 | 992 | 1,767 | 1,380 | 35.3% |
Top Export Markets for Denatured Ethyl Alcohol from South Korea in 2022:
- Vietnam (685.7K litres)
- India (519.9K litres)
- Philippines (64.9K litres)
This report provides an in-depth analysis of the denatured ethyl alcohol market in Republic of Korea. 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.
Product coverage:
- Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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