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World - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Aug 26, 2020

The Pandemic Undermines Robust Growth of the Global Ethanol Market

IndexBox has just published a new report: 'World - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The Global Ethanol Market to Languish in 2020 Due to the Contraction of Transport and Industrial Activity amid the Pandemic

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 decline. The market value increased at an average annual rate of +4.2% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

The largest ethanol markets worldwide were the U.S. ($31.6B), Brazil ($17.9B) and China ($7.9B), with a combined 72% share of the global market (IndexBox estimates). India, Canada and Indonesia lagged somewhat behind, together accounting for a further 9.1%.

Ethyl alcohol is used for the manufacture of biofuels, and also serves as raw input for the production of a wide range of chemicals (ethylene, acetaldehyde, diethyl ether, ethyl acetate, etc.). Ethyl alcohol is also widely used in the paint and varnish industry, in the production of household chemical goods and especially widely in healthcare and in the pharmaceutical industry. Since the scope of application of ethyl alcohol is very wide, the dynamics of the world market for ethyl alcohol as a whole is determined by the growth of the world economy.

Until 2020, the global economy has been developing steadily for five years, although at a slower pace than in the previous decade. The slowdown in global economic growth was caused by a slowdown in the world's economy, increased political uncertainty in the world, and trade wars between the United States and China. According to the World Bank outlook from January 2020, the global economy was expected to pick up the growth momentum and increase by from +2.5% to +2.7% per year in the medium term.

In early 2020, however, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. In order to battle the spread of the virus, most countries in the world implemented quarantine measures that put on halt production and transport activity. The result will be a drop in GDP relative to previous years and a sharp fall in the demand for oil, which led to extremely low prices and heavy oil production cuts. The combination of those factors disrupts economic growth heavily throughout the world.

According to World Bank forecasts, despite the gradual relaxing of restrictive measures and unprecedented government support in countries that faced the pandemic in early 2020, the annual decline of global GDP could amount to -5.2%, which is the deepest global recession being seen over the past eight decades.

Taking into account the above, it is expected that in 2020 and the next few years, global consumption of ethyl alcohol should decline somewhat against 2019. The decrease in transport activity particularly hampers the global ethanol market as ethyl alcohol is widely used to produce biofuel. In the medium term, as the global economy recovers from the effects of the pandemic, the market is expected to grow gradually.

Overall, market performance is forecast to pursue a slightly upward trend over the next decade, expanding with an anticipated CAGR of +0.3% for the period from 2019 to 2030, which is projected to bring the market volume to 108M tons by the end of 2030.

The U.S. Remains the Largest Supplier of Ethanol to the Global Market

After four years of growth, shipments abroad of ethyl alcohol decreased by -2% to 12M tons in 2019. Overall, total exports indicated a remarkable increase from 2007 to 2019: its volume increased at an average annual rate of +6.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, ethanol exports rose slightly to $8.6B (IndexBox estimates) in 2019.

In 2019, the U.S. (3.9M tons) was the key exporter of ethyl alcohol, generating 33% of total exports. Brazil (1,544K tons) ranks second in terms of the total exports with a 13% share, followed by the Netherlands (11%), France (6%), Pakistan (5%) and Hungary (4.5%). Belgium (454K tons), Germany (376K tons), Spain (272K tons), South Africa (221K tons) and Guatemala (193K tons) occupied a relatively small share of total exports.

From 2007 to 2019, average annual rates of growth with regard to ethanol exports from the U.S. stood at +19.7%. At the same time, Hungary (+21.9%), the Netherlands (+11.5%), Germany (+9.0%), Pakistan (+8.1%), Belgium (+7.1%), South Africa (+6.3%), Spain (+5.3%), France (+4.6%) and Guatemala (+4.4%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.9% from 2007-2019. By contrast, Brazil (-1.2%) illustrated a downward trend over the same period.

In value terms, the U.S. ($2.4B) remains the largest ethanol supplier worldwide, comprising 29% of global exports. The second position in the ranking was occupied by the Netherlands ($1B), with a 12% share of global exports. It was followed by Brazil, with a 12% share.

In 2019, the average ethanol export price amounted to $724 per ton, with an increase of 4.2% against the previous year. In general, the export price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2011 when the average export price increased by 15% against the previous year. Over the period under review, average export prices attained the peak figure at $1,034 per ton in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($916 per ton), while Pakistan ($544 per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global ethanol market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Archer Daniels Midland, Poet LLC, Valero Energy Corporation, Green Plains Renewable Energy, Flint Hills Resources LP, Marquis Energy, Cargill, Pacific Ethanol, Pannonia Bio, Envien Group, Big River Resources, Gracial Lakes Energy, CropEnergies AG, SDIC Jilin Alcohol, Henan Tianguan, Tereos, Cristal Union, White Energy, Agroetanol, BioWanze SA, Beluga Group, Greenfield Global

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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