Asia-Pacific: Ethanol Market 2024

Ethanol Market Size in Asia-Pacific

The Asia-Pacific ethanol market expanded to $X in 2022, increasing by X% against the previous year. The total consumption indicated moderate 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Ethanol Production in Asia-Pacific

In value terms, ethanol production expanded notably to $X in 2022 estimated in export price. The total production indicated a notable increase 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Ethanol Exports

Exports in Asia-Pacific

Ethanol exports skyrocketed to X litres in 2022, picking up by X% on 2021 figures. Total exports indicated a tangible 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethanol exports surged to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Pakistan dominates exports structure, reaching X litres, which was approx. X% of total exports in 2022. India (X litres) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%), Australia (X%) and Indonesia (X%).

Exports from Pakistan increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Australia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, India (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) remains the largest ethanol supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Pakistan amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Australia (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per litre in 2022, surging by X% against the previous year. Overall, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices remained at a 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 Australia ($X per litre), while Pakistan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the export price figures.

Ethanol Imports

Imports in Asia-Pacific

After two years of growth, purchases abroad of ethyl alcohol decreased by X% to X litres in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X litres. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, ethanol imports contracted to $X in 2022. Over the period under review, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

The countries with the highest levels of ethanol imports in 2022 were Japan (X litres), South Korea (X litres), the Philippines (X litres) and India (X litres), together resulting at X% of total import. It was distantly followed by Singapore (X litres), constituting a X% share of total imports. The following importers - Vietnam (X litres) and Taiwan (Chinese) (X litres) - each resulted at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. India, Singapore, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per litre, rising by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per litre), while Japan ($X per litre) was 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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