Philippines - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingEthanol Price in the Philippines - 2023
Contents:
- Ethanol Price in the Philippines (CIF) - 2023
- Ethanol Price in the Philippines (FOB) - 2022
- Ethanol Imports in the Philippines
- Ethanol Exports in the Philippines
Ethanol Price in the Philippines (CIF) - 2023
In June 2023, the average ethanol import price amounted to $971 per thousand litres, surging by 3.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 17% month-to-month. The import price peaked at $976 per thousand litres in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Australia ($1.3 per litre) and South Korea ($1.3 per litre), while the price for Brazil ($939 per thousand litres) and the United States ($947 per thousand litres) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Australia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Ethanol Price in the Philippines (FOB) - 2022
In 2022, the average ethanol export price amounted to $1.5 per litre, growing by 93% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol export price increased by +109.5% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2 per litre), while the average price for exports to Taiwan (Chinese) ($1.1 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 Thailand (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Ethanol Imports in the Philippines
In 2022, the amount of ethyl alcohol imported into the Philippines expanded significantly to 688M litres, picking up by 6.9% compared with the previous year. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, ethanol imports surged to $647M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
Import of Ethanol in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 257 | 210 | 287 | 423 | 18.1% |
Indonesia | 47.5 | 38.7 | 77.0 | 71.7 | 14.7% |
Brazil | 7.6 | 30.3 | 43.7 | 49.3 | 86.5% |
Australia | 27.9 | 33.4 | 46.2 | 43.0 | 15.5% |
Pakistan | 22.0 | 28.9 | 31.3 | 35.5 | 17.3% |
Singapore | 6.1 | 14.3 | 15.6 | 11.7 | 24.2% |
South Korea | 11.4 | 6.9 | 9.9 | 6.4 | -17.5% |
Thailand | 12.6 | 12.4 | 8.5 | 4.1 | -31.2% |
Others | 3.3 | 5.9 | 3.1 | 2.1 | -14.0% |
Total | 395 | 380 | 523 | 647 | 17.9% |
Top Suppliers of Ethanol to the Philippines in 2022:
- United States (447.4M litres)
- Indonesia (69.6M litres)
- Brazil (57.6M litres)
- Australia (47.6M litres)
- Pakistan (42.7M litres)
- Singapore (13.3M litres)
- South Korea (5.3M litres)
- Thailand (4.2M litres)
Ethanol Exports in the Philippines
After three years of growth, overseas shipments of ethyl alcohol decreased by -94.9% to 458K litres in 2022. Overall, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 with an increase of 923%. The exports peaked at 9M litres in 2021, and then dropped significantly in the following year.
In value terms, ethanol exports declined dramatically to $684K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 561% against the previous year. The exports peaked at $7M in 2021, and then contracted remarkably in the following year.
Export of Ethanol in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 246 | 249 | 273 | 561 | 31.6% |
Thailand | 42.3 | 7.0 | N/A | 30.3 | -10.5% |
Australia | 0.8 | 37.0 | 9.9 | 28.5 | 229.0% |
United Arab Emirates | N/A | 2.3 | N/A | 17.8 | 178.2% |
Brunei Darussalam | N/A | N/A | 1.1 | 16.2 | 1372.7% |
Japan | 14.6 | 17.6 | 63.1 | 14.4 | -0.5% |
Taiwan (Chinese) | 6.7 | 4.4 | 37.2 | 10.9 | 17.6% |
Vietnam | N/A | N/A | 3,406 | N/A | 0% |
Singapore | 28.1 | 1,665 | 2,078 | N/A | 759.9% |
Qatar | N/A | 87.7 | 1,040 | N/A | 1085.9% |
Others | 0.9 | 174 | 91.7 | 4.6 | 72.3% |
Total | 339 | 2,245 | 6,999 | 684 | 26.4% |
Top Export Markets for Ethanol from the Philippines in 2022:
- South Korea (370.8K litres)
- Australia (21.4K litres)
- Thailand (15.5K litres)
- United Arab Emirates (15.3K litres)
- Brunei Darussalam (14.7K litres)
- Taiwan (Chinese) (10.1K litres)
- Japan (7.3K litres)
This report provides an in-depth analysis of the ethanol market in the Philippines. 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 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
- Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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
-
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
-
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
This report provides an in-depth analysis of the ethanol market in the Philippines.
This report provides an in-depth analysis of the denatured ethyl alcohol market in the Philippines.
This report provides an in-depth analysis of the global ethanol market.
This report provides an in-depth analysis of the global denatured ethyl alcohol market.
This report provides an in-depth analysis of the ethanol market in the Philippines.
This report provides an in-depth analysis of the denatured ethyl alcohol market in the Philippines.
This report provides an in-depth analysis of the global ethanol market.
This report provides an in-depth analysis of the global denatured ethyl alcohol market.
Explore the top import markets for ethanol, including countries like Canada, Netherlands, Germany, China, and the United Kingdom. Learn about their import values, key statistics, and the significance of ethanol in reducing carbon emissions. Discover valuable insights on global import-export trends and market dynamics.
The use of ethanol as a fuel additive became unprofitable in 2020, which threatens countries' plans to switch to environmentally friendly fuels, but the demand for alcohol-based disinfectants increased significantly.
In 2019, the global ethanol market increased by 2.6% to $79.9B, rising for the third year in a row after two years of...
The U.S. was the largest exporter of ethyl alcohol exported in the world, with the volume of exports finishing at 7.8B litres, which was approx. 45% of total exports in 2018
In 2016, the global ethanol imports totaled X tons, going up by X% against the previous year level. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume increase...
In 2016, the global ethanol imports totaled X tons, going up by X% against the previous year level. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume increase...
Ethyl alcohol, also called ethanol or grain alcohol, is an essential industrial chemical that offers multiple applications in the industrial sectors of pharmaceuticals, alcoholic beverages, chemical feedstock, and automotives. Of all these sectors, the
John Robinson, president of Texas-based Drying Technology Inc. is convinced that the U.S. ethyl alcohol industry has been losing up to X million USD per year due to poorly developed coproduct moisture control. Drying Technology Inc. offers a solution
Discover the top import markets for denatured ethyl alcohol worldwide. Explore key statistics and import values of countries like Canada, the Netherlands, South Korea, India, and more.
Explore the top import markets for ethanol, including countries like Canada, Netherlands, Germany, China, and the United Kingdom. Learn about their import values, key statistics, and the significance of ethanol in reducing carbon emissions. Discover valuable insights on global import-export trends and market dynamics.