MENA: Ethanol Market 2024

Ethanol Market Size in MENA

The MENA's ethanol market expanded rapidly to $X in 2022, growing by X% against the previous year. The total consumption indicated a modest expansion 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. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Ethanol Production in MENA

In value terms, ethanol production rose slightly to $X in 2022 estimated in export price. The total production indicated mild 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Ethanol Exports

Exports in MENA

For the third year in a row, MENA recorded growth in shipments abroad of ethyl alcohol, which increased by X% to X litres in 2022. In general, exports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ethanol exports soared to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the key exporter of ethyl alcohol in MENA, with the volume of exports resulting at X litres, which was near X% of total exports in 2022. Turkey (X litres) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (X%) and Iran (X%). Morocco (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) emerged as the largest ethanol supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per litre, growing by X% against the previous year. Over the period under review, the export price continues to indicate a slight expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per litre), while Iran ($X per litre) was amongst the lowest.

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

Ethanol Imports

Imports in MENA

In 2022, approx. X litres of ethyl alcohol were imported in MENA; picking up by X% on 2021. Total imports indicated strong growth from 2012 to 2022: its volume 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, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X litres in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ethanol imports skyrocketed to $X in 2022. Overall, imports saw noticeable growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the largest importer of ethyl alcohol in MENA, with the volume of imports accounting for X litres, which was approx. X% of total imports in 2022. It was distantly followed by Turkey (X litres) and Saudi Arabia (X litres), together generating a X% share of total imports. Israel (X litres) and Iraq (X litres) held a relatively small share of total imports.

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

In value terms, the largest ethanol importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), together accounting for X% of total imports. Israel and Iraq lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per litre, picking up by X% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the maximum at $X per litre in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Iraq ($X per litre) and Israel ($X per litre), while the United Arab Emirates ($X per litre) and Saudi Arabia ($X per litre) were amongst the lowest.

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

Source: IndexBox Platform

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