Northern America: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Northern America

In 2023, the North American denatured ethyl alcohol market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a noticeable reduction. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in Northern America

In value terms, denatured ethyl alcohol production rose sharply to $X in 2023 estimated in export price. The total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. 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 reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports in Northern America

For the fourth year in a row, Northern America recorded growth in overseas shipments of denatured ethyl alcohol and other denatured spirits, which increased by X% to X litres in 2023. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, denatured ethyl alcohol exports rose significantly to $X in 2023. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of denatured ethyl alcohol and other denatured spirits, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the denatured ethyl alcohol and other denatured spirits exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest denatured ethyl alcohol supplier in Northern America.

In the United States, denatured ethyl alcohol exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Northern America stood at $X per litre in 2023, falling by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per litre. From 2015 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Denatured Ethyl Alcohol Imports

Imports in Northern America

In 2023, purchases abroad of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres, falling for the third year in a row after four years of growth. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X litres. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports contracted to $X in 2023. Overall, imports, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of denatured ethyl alcohol imports in 2023 were Canada (X litres) and the United States (X litres), together recording X% of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Canada (with a CAGR of X%).

In value terms, the largest denatured ethyl alcohol importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per litre in 2023, picking up by X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. 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 2016 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the near future.

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 the United States ($X per litre), while Canada totaled $X per litre.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform