ASEAN: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in ASEAN

The ASEAN denatured ethyl alcohol market rose remarkably to $X in 2022, picking up by X% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Denatured Ethyl Alcohol Production in ASEAN

In value terms, denatured ethyl alcohol production rose markedly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild decline. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports in ASEAN

In 2022, approx. X litres of denatured ethyl alcohol and other denatured spirits were exported in ASEAN; waning by X% compared with 2021 figures. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X litres. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports reduced notably to $X in 2022. Over the period under review, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Vietnam (X litres) represented the largest exporter of denatured ethyl alcohol and other denatured spirits, constituting X% of total exports. Singapore (X litres) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (X%) and Indonesia (X%). The Philippines (X litres) followed a long way behind the leaders.

Exports from Vietnam decreased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%), Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar, Singapore and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) emerged as the largest denatured ethyl alcohol supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

In Vietnam, denatured ethyl alcohol exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per litre in 2022, rising by X% against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the export prices reached the maximum at $X per litre in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per litre), while Myanmar ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports in ASEAN

In 2022, overseas purchases of denatured ethyl alcohol and other denatured spirits increased by X% to X litres, rising for the second year in a row after two years of decline. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X litres in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports soared to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Philippines (X litres) was the main importer of denatured ethyl alcohol and other denatured spirits, making up X% of total imports. It was distantly followed by Singapore (X litres), Vietnam (X litres) and Malaysia (X litres), together committing a X% share of total imports. Thailand (X litres) followed a long way behind the leaders.

The Philippines experienced a relatively flat trend pattern with regard to volume of imports of denatured ethyl alcohol and other denatured spirits. At the same time, Vietnam (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. Singapore (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and the Philippines saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In the Philippines, denatured ethyl alcohol imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per litre, jumping by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, denatured ethyl alcohol import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Philippines ($X per litre) and Singapore ($X per litre), while Thailand ($X per litre) and Malaysia ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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