![Vietnam - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights](/landing/img/reports/vietnam-ethyl-alcohol-market-analysis-forecast-size-trends-and-insights.webp)
Vietnam - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingEthanol Price in Vietnam - 2021
Contents:
- Ethanol Price in Vietnam (CIF) - 2022
- Ethanol Price in Vietnam (FOB) - 2021
- Ethanol Imports in Vietnam
- Ethanol Exports in Vietnam
Ethanol Price in Vietnam (CIF) - 2022
The average ethanol import price stood at $0.6 per litre in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 an increase of 6.4% against the previous year. As a result, import price reached the peak level of $1 per litre. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($0.6 per litre) and South Korea ($0.6 per litre), while the price for Japan ($0.5 per litre) and Indonesia ($0.5 per litre) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.5%), while the prices for the other major suppliers experienced a decline.
Ethanol Price in Vietnam (FOB) - 2021
In December 2021, the average ethanol export price amounted to $868 per thousand litres, approximately equating the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2021 an increase of 7.4% month-to-month. The export price peaked at $873 per thousand litres in October 2021; however, from November 2021 to December 2021, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In December 2021, the countries with the highest prices were Malaysia ($882 per thousand litres) and Bangladesh ($882 per thousand litres), while the average price for exports to Thailand ($829 per thousand litres) and South Korea ($829 per thousand litres) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Ethanol Imports in Vietnam
In 2022, after three years of growth, there was significant decline in supplies from abroad of ethyl alcohol, when their volume decreased by -12% to 6.3M litres. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, imports attained the peak of 7.1M litres, and then shrank in the following year.
In value terms, ethanol imports contracted to $3.9M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of $4.3M, and then reduced in the following year.
Import of Ethanol in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1,730 | 2,297 | 2,576 | 2,307 | 10.1% |
South Korea | 414 | 209 | 1,032 | 924 | 30.7% |
China | 307 | 657 | 11.5 | 369 | 6.3% |
South Africa | 122 | 171 | 205 | 183 | 14.5% |
Others | 115 | 58.7 | 509 | 79.0 | -11.8% |
Total | 2,688 | 3,392 | 4,333 | 3,863 | 12.8% |
Top Suppliers of Ethanol to Vietnam in 2022:
- United States (3.7M litres)
- South Korea (1.4M litres)
- China (0.7M litres)
- South Africa (0.3M litres)
Ethanol Exports in Vietnam
Ethanol exports from Vietnam amounted to 38M litres in 2022, surging by 4.2% against 2021. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 75% against the previous year. As a result, the exports attained the peak of 39M litres. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, ethanol exports expanded rapidly to $33M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 106% against the previous year. As a result, the exports reached the peak of $35M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Ethanol in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 0.3 | 2.4 | 8.1 | 8.6 | 206.1% |
Malaysia | 3.9 | 8.2 | 8.1 | 8.5 | 29.7% |
Thailand | 4.4 | 7.3 | 3.2 | 5.3 | 6.4% |
China | 4.2 | 3.0 | 2.9 | 3.2 | -8.7% |
South Korea | 1.9 | 3.9 | 1.6 | 2.4 | 8.1% |
Cambodia | N/A | 0.4 | 1.4 | 1.4 | 87.1% |
Bangladesh | 1.1 | 1.6 | 1.0 | 1.3 | 5.7% |
Indonesia | N/A | 3.9 | 2.7 | N/A | -30.8% |
Others | 1.1 | 4.3 | 2.2 | 2.3 | 27.9% |
Total | 16.9 | 34.8 | 31.2 | 33.0 | 25.0% |
Top Export Markets for Ethanol from Vietnam in 2022:
- Taiwan (Chinese) (9.7M litres)
- Malaysia (9.3M litres)
- Thailand (6.1M litres)
- China (3.8M litres)
- South Korea (2.9M litres)
- Cambodia (1.7M litres)
- Bangladesh (1.5M litres)
This report provides an in-depth analysis of the ethanol market in Vietnam. 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 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
- Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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 ethanol market in Vietnam.
This report provides an in-depth analysis of the denatured ethyl alcohol market in Vietnam.
This report provides an in-depth analysis of the global ethanol market.
This report provides an in-depth analysis of the global denatured ethyl alcohol market.
This report provides an in-depth analysis of the ethanol market in Vietnam.
This report provides an in-depth analysis of the denatured ethyl alcohol market in Vietnam.
This report provides an in-depth analysis of the global ethanol market.
This report provides an in-depth analysis of the global denatured ethyl alcohol market.
Explore the top import markets for ethanol, including countries like Canada, Netherlands, Germany, China, and the United Kingdom. Learn about their import values, key statistics, and the significance of ethanol in reducing carbon emissions. Discover valuable insights on global import-export trends and market dynamics.
The use of ethanol as a fuel additive became unprofitable in 2020, which threatens countries' plans to switch to environmentally friendly fuels, but the demand for alcohol-based disinfectants increased significantly.
In 2019, the global ethanol market increased by 2.6% to $79.9B, rising for the third year in a row after two years of...
The U.S. was the largest exporter of ethyl alcohol exported in the world, with the volume of exports finishing at 7.8B litres, which was approx. 45% of total exports in 2018
In 2016, the global ethanol imports totaled X tons, going up by X% against the previous year level. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume increase...
In 2016, the global ethanol imports totaled X tons, going up by X% against the previous year level. Overall, it indicated a remarkable growth from 2007 to 2016: the total imports volume increase...
Ethyl alcohol, also called ethanol or grain alcohol, is an essential industrial chemical that offers multiple applications in the industrial sectors of pharmaceuticals, alcoholic beverages, chemical feedstock, and automotives. Of all these sectors, the
John Robinson, president of Texas-based Drying Technology Inc. is convinced that the U.S. ethyl alcohol industry has been losing up to X million USD per year due to poorly developed coproduct moisture control. Drying Technology Inc. offers a solution
Discover the top import markets for denatured ethyl alcohol worldwide. Explore key statistics and import values of countries like Canada, the Netherlands, South Korea, India, and more.
Explore the top import markets for ethanol, including countries like Canada, Netherlands, Germany, China, and the United Kingdom. Learn about their import values, key statistics, and the significance of ethanol in reducing carbon emissions. Discover valuable insights on global import-export trends and market dynamics.