Latin America and the Caribbean: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Latin America and the Caribbean

The Latin American denatured ethyl alcohol market expanded markedly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a perceptible setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Denatured Ethyl Alcohol Production in Latin America and the Caribbean

In value terms, denatured ethyl alcohol production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed tangible growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X litres. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports declined remarkably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the largest exporter of denatured ethyl alcohol and other denatured spirits in Latin America and the Caribbean, with the volume of exports accounting for X litres, which was near X% of total exports in 2022. Ecuador (X litres) ranks second in terms of the total exports with a X% share, followed by Guatemala (X%) and Argentina (X%). Paraguay (X litres) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to denatured ethyl alcohol exports from Brazil stood at X%. At the same time, Argentina (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Ecuador (X%) and Paraguay (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Argentina, Guatemala and Paraguay increased by X, X, X and X percentage points, respectively.

In value terms, Brazil ($X) emerged as the largest denatured ethyl alcohol supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per litre, increasing by X% against the previous year. Overall, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2016 an increase of X%. 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Paraguay ($X per litre), while Argentina ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres, falling for the second consecutive year after three years of growth. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports soared to $X in 2022. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Peru was the major importing country with an import of about X litres, which recorded X% of total imports. Colombia (X litres) ranks second in terms of the total imports with a X% share, followed by Jamaica (X%). The following importers - Chile (X litres) and Honduras (X litres) - together made up X% of total imports.

Imports into Peru increased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%), Honduras (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Jamaica (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.), Colombia (X p.p.), Chile (X p.p.) and Honduras (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Jamaica (X p.p.) displayed negative dynamics.

In value terms, Peru ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Jamaica, with an X% share.

In Peru, denatured ethyl alcohol imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Jamaica (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per litre in 2022, rising by X% against the previous year. In general, the import price showed slight growth. Over the period under review, import prices reached the peak figure at $X per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Jamaica ($X per litre), while Chile ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :