China: Ethanol Market 2024

Ethanol Market Size in China

In 2022, the Chinese ethanol market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Ethanol consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Ethanol Production in China

In value terms, ethanol production expanded slightly to $X in 2022 estimated in export price. In general, production posted a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Ethanol Exports

Exports from China

In 2022, approx. X litres of ethyl alcohol were exported from China; reducing by X% compared with 2021. In general, exports faced a deep contraction. 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 litres. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, ethanol exports declined significantly to $X in 2022. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X litres), India (X litres) and Papua New Guinea (X litres) were the main destinations of ethanol exports from China, with a combined X% share of total exports. Spain, Macao SAR, Thailand, Malaysia, Belgium, Vietnam, Japan and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethanol exported from China were Taiwan (Chinese) ($X), India ($X) and Papua New Guinea ($X), together accounting for X% of total exports. Macao SAR, Malaysia, Spain, Vietnam, Thailand, Belgium, Saudi Arabia and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ethanol export price stood at $X per litre in 2022, with an increase of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per litre), while the average price for exports to India ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into China

In 2022, ethanol imports into China shrank notably to X litres, waning by X% against 2021. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X litres. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ethanol imports declined sharply to $X in 2022. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X litres), the United States (X litres) and Paraguay (X litres) were the main suppliers of ethanol imports to China, with a combined X% share of total imports. France, Switzerland, Bulgaria, Japan, Thailand and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ethyl alcohol to China, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

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

Import Prices by Country

The average ethanol import price stood at $X per litre in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a resilient increase. Over the period under review, average import prices hit record highs at $X per litre in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per litre), while the price for Bulgaria (less than $X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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