ASEAN: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in ASEAN

In 2023, after four years of growth, there was decline in the ASEAN denatured ethyl alcohol market, when its value decreased by X% to $X. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Denatured Ethyl Alcohol Production in ASEAN

In value terms, denatured ethyl alcohol production rose slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports in ASEAN

In 2023, overseas shipments of denatured ethyl alcohol and other denatured spirits were finally on the rise to reach X litres after two years of decline. Over the period under review, exports, however, recorded a noticeable downturn. The volume of export peaked at X litres in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports surged to $X in 2023. In general, exports, however, saw a deep slump. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Indonesia (X litres) and the Philippines (X litres) were the main exporters of denatured ethyl alcohol and other denatured spirits in ASEAN, together amounting to approx. X% of total exports. It was distantly followed by Vietnam (X litres), mixing up a X% share of total exports. Singapore (X litres) took a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest denatured ethyl alcohol supplying countries in ASEAN were the Philippines ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total exports.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per litre in 2023, picking up by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. As a result, the export price reached the peak level of $X per litre. From 2019 to 2023, the export prices failed to regain momentum.

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 Singapore ($X per litre), while Indonesia ($X per litre) was amongst the lowest.

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

Denatured Ethyl Alcohol Imports

Imports in ASEAN

In 2023, supplies from abroad of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a tangible expansion from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X litres in 2022, and then contracted in the following year.

In value terms, denatured ethyl alcohol imports shrank slightly to $X in 2023. Total imports indicated a tangible 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

The Philippines dominates imports structure, recording X litres, which was near X% of total imports in 2023. It was distantly followed by Vietnam (X litres), mixing up an X% share of total imports. Thailand (X litres), Malaysia (X litres) and Singapore (X litres) followed a long way behind the leaders.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.), Malaysia (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the Philippines totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per litre in 2023, approximately equating the previous year. Import price indicated a slight increase from 2012 to 2023: its price 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, denatured ethyl alcohol import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per litre in 2022, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per litre), while Vietnam ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform