China: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in China

In 2022, the Chinese denatured ethyl alcohol market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, the total consumption indicated a measured 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. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced in the following year.

Denatured Ethyl Alcohol Production in China

In value terms, denatured ethyl alcohol production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion 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 growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from China

In 2022, approx. X litres of denatured ethyl alcohol and other denatured spirits were exported from China; which is down by X% on the previous year. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X litres in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports declined notably to $X in 2022. In general, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X litres) was the main destination for denatured ethyl alcohol exports from China, accounting for a X% share of total exports. Moreover, denatured ethyl alcohol exports to India exceeded the volume sent to the second major destination, Taiwan (Chinese) (X litres), twofold. The third position in this ranking was taken by Malaysia (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Malaysia (X% per year).

In value terms, Taiwan (Chinese) ($X), India ($X) and Malaysia ($X) were the largest markets for denatured ethyl alcohol exported from China worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per litre in 2022, declining by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per litre in 2021, and then fell notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per litre), while the average price for exports to India ($X 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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into China

In 2022, purchases abroad of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. Overall, imports faced a precipitous descent. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X litres. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports declined notably to $X in 2022. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X litres) constituted the largest denatured ethyl alcohol supplier to China, accounting for a X% share of total imports. Moreover, denatured ethyl alcohol imports from the United States exceeded the figures recorded by the second-largest supplier, France (X litres), threefold. The third position in this ranking was held by Germany (X litres), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, Germany ($X), the United States ($X) and France ($X) constituted the largest denatured ethyl alcohol suppliers to China, together accounting for X% of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per litre in 2022, surging by X% against the previous year. In general, the import price showed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per litre), while the price for the United States ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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