GCC: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in GCC

The GCC denatured ethyl alcohol market surged to $X in 2022, increasing by X% against the previous year. The total consumption indicated a tangible 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in GCC

In value terms, denatured ethyl alcohol production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The most prominent rate of growth was recorded in 2018 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 remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports in GCC

In 2022, the amount of denatured ethyl alcohol and other denatured spirits exported in GCC skyrocketed to X litres, increasing by X% compared with the year before. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, denatured ethyl alcohol exports surged to $X in 2022. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X litres, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X litres), committing a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the denatured ethyl alcohol and other denatured spirits exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) emerged as the largest denatured ethyl alcohol supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per litre, picking up by X% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of export peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per litre), while Saudi Arabia totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Denatured Ethyl Alcohol Imports

Imports in GCC

Denatured ethyl alcohol imports soared to X litres in 2022, picking up by X% against the previous year's figure. Over the period under review, imports showed a slight increase. Over the period under review, imports hit record highs at X litres in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports soared to $X in 2022. In general, imports posted a perceptible expansion. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the largest importer of denatured ethyl alcohol and other denatured spirits in GCC, with the volume of imports recording X litres, which was near X% of total imports in 2022. It was distantly followed by Saudi Arabia (X litres), constituting a X% share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of denatured ethyl alcohol and other denatured spirits. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports.

In the United Arab Emirates, denatured ethyl alcohol imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in GCC stood at $X per litre in 2022, growing by X% against the previous year. Import price indicated a slight expansion 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per litre in 2014; however, from 2015 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 Saudi Arabia ($X per litre), while the United Arab Emirates stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Source: IndexBox Platform

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