Report Update: May 1, 2024

Vietnam - Denatured Ethyl Alcohol And Other Denatured Spirits - Market Analysis, Forecast, Size, Trends And Insights

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Denatured Ethyl Alcohol Price in Vietnam - 2021

Denatured Ethyl Alcohol Price in Vietnam (CIF) - 2022

In 2022, the average denatured ethyl alcohol import price amounted to $0.7 per litre, growing by 2.2% against the previous year. Over the period under review, the import price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by 4.8% against the previous year. As a result, import price attained the peak level of $1 per litre. From 2014 to 2022, the average 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 South Africa ($0.8 per litre) and South Korea ($0.8 per litre), while the price for Japan ($0.6 per litre) and Indonesia ($0.6 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 (-0.4%), while the prices for the other major suppliers experienced a decline.

Denatured Ethyl Alcohol Price in Vietnam (FOB) - 2022

In 2022, the average denatured ethyl alcohol export price amounted to $1 per litre, growing by 2.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $1 per litre in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Malaysia ($1 per litre) and Taiwan (Chinese) ($1 per litre), while the average price for exports to Bangladesh ($0.9 per litre) and Thailand ($0.9 per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports in Vietnam

In 2022, supplies from abroad of denatured ethyl alcohol and other denatured spirits increased by 7.8% to 265K litres for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep contraction. Imports peaked at 328K litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports expanded markedly to $196K in 2022. Overall, imports, however, continue to indicate a abrupt contraction. Imports peaked at $257K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Denatured Ethyl Alcohol in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	193	183	108	131	-12.1%
South Korea	45.7	16.4	43.5	52.7	4.9%
South Africa	13.6	13.6	8.7	10.5	-8.3%
Others	4.8	1.0	17.1	1.2	-37.0%
Total	257	214	178	196	-8.6%

Top Suppliers of Denatured Ethyl Alcohol to Vietnam in 2022:

United States (181.4K litres)
South Korea (68.2K litres)
South Africa (13.6K litres)

Denatured Ethyl Alcohol Exports in Vietnam

In 2022, denatured ethyl alcohol exports from Vietnam rose remarkably to 10M litres, picking up by 10% against the previous year's figure. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21%. As a result, the exports attained the peak of 11M litres. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports totaled $9.6M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 61%. As a result, the exports attained the peak of $11M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Denatured Ethyl Alcohol in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	2.0	3.9	4.0	4.1	27.0%
Taiwan (Chinese)	0.1	1.0	2.7	2.8	203.7%
Thailand	1.7	2.8	0.7	1.8	1.9%
Bangladesh	0.5	0.6	0.4	0.5	0.0%
Lao People's Democratic Republic	0.2	0.3	0.3	0.3	14.5%
Singapore	0.1	0.2	0.2	0.2	26.0%
South Korea	N/A	0.9	N/A	N/A	0%
China	2.1	N/A	N/A	N/A	0%
Others	0.1	1.0	0.2	N/A	41.4%
Total	6.7	10.8	8.5	9.6	12.7%

Top Export Markets for Denatured Ethyl Alcohol from Vietnam in 2022:

Malaysia (4.2M litres)
Taiwan (Chinese) (2.8M litres)
Thailand (1.9M litres)
Bangladesh (0.5M litres)
Lao People's Democratic Republic (0.3M litres)
Singapore (0.2M litres)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the denatured ethyl alcohol market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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.

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023