Middle East: Ethanol Market 2024

Ethanol Market Size in the Middle East

For the third year in a row, the Middle Eastern ethanol market recorded decline in sales value, which decreased by X% to $X in 2023. The total consumption indicated mild growth 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 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Ethanol Production in the Middle East

In value terms, ethanol production fell rapidly to $X in 2023 estimated in export price. In general, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Ethanol Exports

Exports in the Middle East

In 2023, after three years of growth, there was decline in overseas shipments of ethyl alcohol, when their volume decreased by X% to X litres. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by X%. 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, ethanol exports declined notably to $X in 2023. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X litres) and Turkey (X litres) prevails in exports structure, together committing X% of total exports. It was distantly followed by the United Arab Emirates (X litres), generating a X% share of total exports. Saudi Arabia (X litres) and Jordan (X litres) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Jordan (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Iran ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Saudi Arabia and Jordan lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per litre in 2023, which is down by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per litre in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the United Arab Emirates ($X per litre) and Jordan ($X per litre), while Turkey ($X per litre) and Iran ($X per litre) were amongst the lowest.

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

Ethanol Imports

Imports in the Middle East

In 2023, the amount of ethyl alcohol imported in the Middle East contracted modestly to X litres, falling by X% on the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X litres in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, ethanol imports contracted to $X in 2023. Over the period under review, imports showed a mild downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X litres) and the United Arab Emirates (X litres) represented the largest importers of ethyl alcohol in 2023, accounting for approx. X% and X% of total imports, respectively. It was distantly followed by Saudi Arabia (X litres), creating a X% share of total imports. Jordan (X litres), Israel (X litres), Iraq (X litres) and Lebanon (X litres) followed a long way behind the leaders.

From 2012 to 2023, 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 the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total imports. Israel, Jordan, Iraq and Lebanon lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, recorded 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

The import price in the Middle East stood at $X per litre in 2023, which is down by X% against the previous year. In general, the import price showed a mild setback. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per litre in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per litre), while the United Arab Emirates ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform