Canada - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanada Sees Record High of $1.7B in Ethanol Imports in 2023
Canada Ethanol Imports
In 2023, overseas purchases of ethyl alcohol increased by 15% to 1.5B litres, rising for the third consecutive year after five years of decline. Overall, total imports indicated a tangible increase from 2013 to 2023: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +145.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. Over the period under review, imports attained the peak figure in 2023 and are likely to continue growth in years to come.
In value terms, ethanol imports rose significantly to $1.7B (IndexBox estimates) in 2023. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 69%. Imports peaked in 2023 and are likely to continue growth in the immediate term.
| COUNTRY | Import Value of Ethanol in Canada (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 765 | 828 | 624 | 592 | 631 | 604 | 547 | 563 | 972 | 1,454 | 1,656 |
| Others | 16.7 | 20.6 | 12.5 | 11.7 | 9.8 | 11.0 | 15.6 | 22.9 | 16.9 | 23.8 | 26.2 |
| Total | 782 | 848 | 636 | 604 | 641 | 615 | 563 | 586 | 989 | 1,478 | 1,682 |
Imports by Country
In 2023, the United States (1.5B litres) was the main supplier of ethanol to Canada, accounting for a approx. 98% share of total imports.
From 2013 to 2023, the average annual rate of growth in terms of volume from the United States amounted to +2.7%.
In value terms, the United States ($1.7B) constituted the largest supplier of ethyl alcohol to Canada.
From 2013 to 2023, the average annual rate of growth in terms of value from the United States totaled +8.0%.
Imports by Type
In 2023, denatured ethyl alcohol and other denatured spirits (1.4B litres) was the main type of ethyl alcohol supplied to Canada, with a 95% share of total imports. Moreover, denatured ethyl alcohol and other denatured spirits exceeded the figures recorded for the second-largest type, undenatured ethyl alcohol of alcoholic strength by volume over 80% (76M litres), more than tenfold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of denatured ethyl alcohol and other denatured spirits imports totaled +2.6%.
In value terms, denatured ethyl alcohol and other denatured spirits ($1.6B) constituted the largest type of ethyl alcohol supplied to Canada, comprising 95% of total imports. The second position in the ranking was taken by undenatured ethyl alcohol of alcoholic strength by volume over 80% ($82M), with a 4.9% share of total imports.
Import Prices by Country
In 2023, the ethanol price amounted to $1.1 per litre (CIF, Canada), flattening at the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 47% against the previous year. The import price peaked at $1.2 per litre in 2022, and then fell modestly in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2013 to 2023, the rate of growth in terms of prices for the United States amounted to +5.1% per year.
This report provides an in-depth analysis of the ethanol market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
