ASEAN: Ethanol Market 2024

Ethanol Market Size in ASEAN

The ASEAN ethanol market expanded notably to $X in 2022, increasing by X% against the previous year. In general, consumption recorded a temperate increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Ethanol Production in ASEAN

In value terms, ethanol production totaled $X in 2022 estimated in export price. In general, production enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ethanol Exports

Exports in ASEAN

In 2022, approx. X litres of ethyl alcohol were exported in ASEAN; dropping by X% on the previous year. Over the period under review, exports faced a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ethanol exports declined dramatically to $X in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the main exporter of ethyl alcohol in ASEAN, with the volume of exports finishing at X litres, which was approx. X% of total exports in 2022. Vietnam (X litres) held the second position in the ranking, followed by Singapore (X litres). All these countries together held near X% share of total exports. Thailand (X litres), Myanmar (X litres) and Cambodia (X litres) followed a long way behind the leaders.

Exports from Indonesia increased 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, Singapore (X%), Cambodia (X%), Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Singapore and Myanmar 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, Indonesia ($X) remains the largest ethanol supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In Indonesia, ethanol exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per litre, increasing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per litre in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per litre), while Myanmar ($X per litre) was amongst the lowest.

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

Ethanol Imports

Imports in ASEAN

In 2022, supplies from abroad of ethyl alcohol increased by X% to X litres, rising for the second year in a row after two years of decline. Total imports indicated a resilient increase 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 growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, ethanol imports soared to $X in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The Philippines was the largest importer of ethyl alcohol in ASEAN, with the volume of imports resulting at X litres, which was approx. X% of total imports in 2022. Singapore (X litres) held the second position in the ranking, distantly followed by Vietnam (X litres). All these countries together took near X% share of total imports. The following importers - Thailand (X litres), Malaysia (X litres) and Indonesia (X litres) - each amounted to an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ethanol imports into the Philippines stood at X%. At the same time, Indonesia (X%), Vietnam (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Singapore, Vietnam 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, the Philippines ($X) constitutes the largest market for imported ethyl alcohol in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Philippines totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per litre in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform

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