Eastern Asia: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Eastern Asia

The East Asian denatured ethyl alcohol market shrank modestly to $X in 2022, leveling off at the previous year. In general, consumption showed a noticeable descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Denatured Ethyl Alcohol Production in Eastern Asia

In value terms, denatured ethyl alcohol production rose slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports in Eastern Asia

In 2022, approx. X litres of denatured ethyl alcohol and other denatured spirits were exported in Eastern Asia; declining by X% compared with the year before. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X litres. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, denatured ethyl alcohol exports reduced to $X in 2022. Overall, exports, however, recorded strong growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, South Korea (X litres) was the major exporter of denatured ethyl alcohol and other denatured spirits, generating X% of total exports. It was distantly followed by China (X litres), making up a X% share of total exports.

South Korea 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 2022. China (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, South Korea ($X) remains the largest denatured ethyl alcohol supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per litre in 2022, with an increase of X% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, denatured ethyl alcohol export price decreased by X% against 2019 indices. 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 attained the maximum at $X per litre in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per litre), while China totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Denatured Ethyl Alcohol Imports

Imports in Eastern Asia

After two years of growth, overseas purchases of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol imports fell markedly to $X in 2022. Overall, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

South Korea prevails in imports structure, recording X litres, which was approx. X% of total imports in 2022. Taiwan (Chinese) (X litres) followed a long way behind the leaders.

South Korea was also the fastest-growing in terms of the denatured ethyl alcohol and other denatured spirits imports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by X percentage points.

In value terms, South Korea ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in South Korea stood at X%.

Import Prices by Country

The import price in Eastern Asia stood at $X per litre in 2022, picking up by X% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, denatured ethyl alcohol import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per litre), while Taiwan (Chinese) totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :