Ecuador - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
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Ethanol Market Size in Ecuador
The Ecuadorian ethanol market expanded remarkably to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated resilient 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 increased by X% against 2019 indices. Ethanol consumption peaked in 2022 and is likely to see steady growth in years to come.
Ethanol Production in Ecuador
In value terms, ethanol production rose modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.
Ethanol Exports
Exports from Ecuador
In 2022, overseas shipments of ethyl alcohol decreased by X% to X litres for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, ethanol exports declined slightly to $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
Exports by Country
Colombia (X litres), Venezuela (X litres) and Peru (X litres) were the main destinations of ethanol exports from Ecuador, with a combined X% share of total exports.
From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Colombia ($X) remains the key foreign market for ethyl alcohol exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Venezuela ($X), with a X% share of total exports. It was followed by Peru, with a X% share.
From 2012 to 2022, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (X% per year) and Peru (X% per year).
Export Prices by Country
The average ethanol export price stood at $X per litre in 2022, surging by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Peru ($X per litre) and Colombia ($X per litre), while the average price for exports to Venezuela ($X per litre) and the Dominican Republic ($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 Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.
Ethanol Imports
Imports into Ecuador
In 2022, approx. X litres of ethyl alcohol were imported into Ecuador; growing by X% compared with the previous year's figure. In general, imports posted pronounced growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, ethanol imports skyrocketed to $X in 2022. Overall, imports saw a noticeable increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Imports by Country
In 2022, Peru (X litres) constituted the largest supplier of ethanol to Ecuador, with a X% share of total imports. Moreover, ethanol imports from Peru exceeded the figures recorded by the second-largest supplier, Colombia (X litres), sevenfold.
From 2012 to 2022, the average annual rate of growth in terms of volume from Peru totaled X%.
In value terms, Peru ($X) constituted the largest supplier of ethyl alcohol to Ecuador, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports.
From 2012 to 2022, the average annual growth rate of value from Peru stood at X%.
Import Prices by Country
The average ethanol import price stood at $X per litre in 2022, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per litre), while the price for Peru stood at $X per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%).
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the ethanol market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
- Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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