Costa Rica: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Costa Rica

In 2022, the Costa Rican denatured ethyl alcohol market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Denatured Ethyl Alcohol Production in Costa Rica

In value terms, denatured ethyl alcohol production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from Costa Rica

In 2022, shipments abroad of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres, falling for the ninth consecutive year after two years of growth. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X litres. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports shrank significantly to $X in 2022. Overall, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X litres) was the main destination for denatured ethyl alcohol exports from Costa Rica, accounting for a X% share of total exports. Moreover, denatured ethyl alcohol exports to the United States exceeded the volume sent to the second major destination, Honduras (X litres), tenfold. The third position in this ranking was taken by Panama (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Panama (X% per year).

In value terms, the United States ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Honduras ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Panama (X% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per litre in 2022, rising by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per litre) and Nicaragua ($X per litre), while the average price for exports to Honduras ($X per litre) and Panama ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Denatured Ethyl Alcohol Imports

Imports into Costa Rica

In 2022, supplies from abroad of denatured ethyl alcohol and other denatured spirits increased by X% to X litres, rising for the second year in a row after three years of decline. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol imports surged to $X in 2022. Over the period under review, imports, however, saw a mild downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X litres) constituted the largest supplier of denatured ethyl alcohol to Costa Rica, 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, Mexico (X litres), twofold.

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

In value terms, the United States ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Costa Rica, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average denatured ethyl alcohol import price amounted to $X per litre, increasing by X% against the previous year. In general, import price indicated a temperate increase 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 most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per litre), while the price for Germany ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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