South Africa - Denatured Ethyl Alcohol And Other Denatured Spirits - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDenatured Ethyl Alcohol Price in South Africa - 2023
Contents:
- Denatured Ethyl Alcohol Price in South Africa (FOB) - 2023
- Denatured Ethyl Alcohol Price in South Africa (CIF) - 2022
- Denatured Ethyl Alcohol Exports in South Africa
- Denatured Ethyl Alcohol Imports in South Africa
Denatured Ethyl Alcohol Price in South Africa (FOB) - 2023
In July 2023, the average denatured ethyl alcohol export price amounted to $571 per thousand litres, dropping by -14.2% against the previous month. Overall, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in March 2023 an increase of 14% month-to-month. The export price peaked at $774 per thousand litres in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In July 2023, the country with the highest price was the United Arab Emirates ($574 per thousand litres), while the average price for exports to Belgium stood at $533 per thousand litres.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (0.0%), while the prices for the other major destinations experienced a decline.
Denatured Ethyl Alcohol Price in South Africa (CIF) - 2022
The average denatured ethyl alcohol import price stood at $0.9 per litre in 2022, growing by 9.4% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2015 an increase of 1,333% against the previous year. As a result, import price attained the peak level of $10 per litre. From 2016 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5 per litre), while the price for Swaziland totaled $0.7 per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.4%), while the prices for the other major suppliers experienced a decline.
Denatured Ethyl Alcohol Exports in South Africa
In 2022, the amount of denatured ethyl alcohol and other denatured spirits exported from South Africa declined remarkably to 64M litres, shrinking by -22.3% against 2021. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 3.7% against the previous year. Over the period under review, the exports attained the maximum at 83M litres in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, denatured ethyl alcohol exports expanded to $48M in 2022. The total export value increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Denatured Ethyl Alcohol in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 23.2 | 24.7 | 27.9 | 26.5 | 4.5% |
Belgium | 0.9 | 7.1 | 7.2 | 8.8 | 113.8% |
South Korea | 3.2 | 5.3 | 6.6 | 8.5 | 38.5% |
Jordan | 0.5 | 0.8 | 0.8 | 1.3 | 37.5% |
China | 2.2 | 1.3 | 1.0 | N/A | -32.6% |
Singapore | 3.1 | 0.2 | 1.4 | N/A | -32.8% |
Others | 0.7 | 1.5 | 1.2 | 2.9 | 60.6% |
Total | 33.9 | 41.0 | 46.1 | 47.9 | 12.2% |
Top Export Markets for Denatured Ethyl Alcohol from South Africa in 2022:
- Singapore (undefinedM litres)
- United Arab Emirates (35.2M litres)
- South Korea (12.4M litres)
- Belgium (12.1M litres)
- Jordan (2.3M litres)
Denatured Ethyl Alcohol Imports in South Africa
In 2022, the amount of denatured ethyl alcohol and other denatured spirits imported into South Africa surged to 97K litres, picking up by 58% compared with 2021 figures. Overall, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 223% against the previous year. As a result, imports attained the peak of 523K litres. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, denatured ethyl alcohol imports soared to $88K in 2022. In general, imports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 214% against the previous year. As a result, imports attained the peak of $259K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Denatured Ethyl Alcohol in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Swaziland | 70.4 | 189 | N/A | 63.9 | -3.2% |
Netherlands | N/A | 0.1 | 4.3 | 8.1 | 800.0% |
Others | 12.1 | 70.7 | 46.6 | 15.8 | 9.3% |
Total | 82.5 | 259 | 50.9 | 87.8 | 2.1% |
Top Suppliers of Denatured Ethyl Alcohol to South Africa in 2022:
- Swaziland (89.9K litres)
- Netherlands (1.6K litres)
This report provides an in-depth analysis of the denatured ethyl alcohol market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the denatured ethyl alcohol market in South Africa.
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This report provides an in-depth analysis of the denatured ethyl alcohol market in South Africa.
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In August 2023, exports of Denatured Ethyl Alcohol reached a peak of 11 million litres. However, from September to November 2023, the exports stayed at a lower figure. In terms of value, the exports of Denatured Ethyl Alcohol saw a dramatic decline, amounting to $4.3 million in November 2023.
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