Africa: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Africa

In 2023, the African denatured ethyl alcohol market decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Denatured Ethyl Alcohol Production in Africa

In value terms, denatured ethyl alcohol production surged to $X in 2023 estimated in export price. Overall, production saw a noticeable expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports in Africa

In 2023, the amount of denatured ethyl alcohol and other denatured spirits exported in Africa skyrocketed to X litres, jumping by X% against 2022. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, denatured ethyl alcohol exports skyrocketed to $X in 2023. Overall, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum in 2023 and are likely to see steady growth in the near future.

Exports by Country

South Africa dominates exports structure, resulting at X litres, which was near X% of total exports in 2023. It was distantly followed by Egypt (X litres), mixing up a X% share of total exports. The following exporters - Swaziland (X litres) and Uganda (X litres) - together made up X% of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2023. At the same time, Egypt (X%), Uganda (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of South Africa, Egypt and Uganda increased by X, X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest denatured ethyl alcohol supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with an X% share of total exports. It was followed by Uganda, with a X% share.

In South Africa, denatured ethyl alcohol exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Uganda (X% per year).

Export Prices by Country

The export price in Africa stood at $X per litre in 2023, shrinking by X% against the previous year. In general, the export price showed a slight decline. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per litre in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per litre), while Swaziland ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the export price figures.

Denatured Ethyl Alcohol Imports

Imports in Africa

In 2023, overseas purchases of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X litres. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports declined remarkably to $X in 2023. In general, imports continue to indicate a mild reduction. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria dominates imports structure, amounting to X litres, which was approx. X% of total imports in 2023. Cote d'Ivoire (X litres) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Angola (X%), Egypt (X%) and Rwanda (X%). Democratic Republic of the Congo (X litres) held a relatively small share of total imports.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2023. At the same time, Rwanda (X%), Egypt (X%), Democratic Republic of the Congo (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Angola (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Rwanda (X p.p.), Cote d'Ivoire (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in Africa, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per litre, growing by X% against the previous year. In general, the import price showed a slight increase. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per litre in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Egypt ($X per litre) and Nigeria ($X per litre), while Cote d'Ivoire ($X per litre) and Angola ($X per litre) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform