Report Update: Dec 1, 2023

Republic of Korea - Denatured Ethyl Alcohol And Other Denatured Spirits - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$499 Basic Edition $1995 Professional Edition

What's the difference?

Denatured Ethyl Alcohol Price in South Korea - 2022

Name: Denatured Ethyl Alcohol Price in South Korea - 2022
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Denatured Ethyl Alcohol Price South Korea, IndexBox, market research, global market, publisher

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)

Source: IndexBox Market Intelligence Platform

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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption In 2012-2022
5. Imports, In Physical Terms, By Country, 2012–2022
6. Imports, In Value Terms, By Country, 2012–2022
7. Import Prices, By Country Of Origin, 2012–2022
8. Exports, In Physical Terms, By Country, 2012–2022
9. Exports, In Value Terms, By Country, 2012–2022
10. Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
5. Trade Balance, In Physical Terms, 2012-2022
6. Trade Balance, In Value Terms, 2012-2022
7. Per Capita Consumption, 2012-2022
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2022
22. Production, In Value Terms, 2012–2022
23. Imports, In Physical Terms, 2012–2022
24. Imports, In Value Terms, 2012–2022
25. Imports, In Physical Terms, By Country, 2022
26. Imports, In Physical Terms, By Country, 2012–2022
27. Imports, In Value Terms, By Country, 2012–2022
28. Import Prices, By Country Of Origin, 2012–2022
29. Exports, In Physical Terms, 2012–2022
30. Exports, In Value Terms, 2012–2022
31. Exports, In Physical Terms, By Country, 2022
32. Exports, In Physical Terms, By Country, 2012–2022
33. Exports, In Value Terms, By Country, 2012–2022
34. Export Prices, By Country Of Destination, 2012–2022