Indonesia: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Indonesia

The Indonesian denatured ethyl alcohol market rose markedly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Denatured Ethyl Alcohol Production in Indonesia

In value terms, denatured ethyl alcohol production rose significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from Indonesia

Denatured ethyl alcohol exports from Indonesia surged to X litres in 2022, picking up by X% on the previous year's figure. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X litres. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X litres) was the main destination for denatured ethyl alcohol exports from Indonesia, with a X% share of total exports. Moreover, denatured ethyl alcohol exports to Malaysia exceeded the volume sent to the second major destination, Singapore (X litres), twofold. Thailand (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per litre in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a slight 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 increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per litre) and the Philippines ($X per litre), while the average price for exports to Singapore ($X per litre) and Thailand ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Indonesia

In 2022, after two years of growth, there was significant decline in supplies from abroad of denatured ethyl alcohol and other denatured spirits, when their volume decreased by X% to X litres. Overall, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained 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 dropped dramatically to $X in 2022. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X litres) constituted the largest denatured ethyl alcohol supplier to Indonesia, accounting for a X% share of total imports. Moreover, denatured ethyl alcohol imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X litres), twofold. The third position in this ranking was held by South Korea (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, Singapore ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Indonesia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per litre in 2022, picking up by X% against the previous year. In general, import price indicated modest growth 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 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per litre) and Thailand ($X per litre), while the price for Singapore ($X per litre) and China ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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