South Africa: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in South Africa

The South African denatured ethyl alcohol market skyrocketed to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Denatured ethyl alcohol consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Denatured Ethyl Alcohol Production in South Africa

In value terms, denatured ethyl alcohol production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports from South Africa

In 2022, exports of denatured ethyl alcohol and other denatured spirits from South Africa declined markedly to X litres, which is down by X% against the previous year. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X litres. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports expanded slightly to $X in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X litres) was the main destination for denatured ethyl alcohol exports from South Africa, accounting for a X% share of total exports. Moreover, denatured ethyl alcohol exports to the United Arab Emirates exceeded the volume sent to the second major destination, South Korea (X litres), threefold. Belgium (X litres) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Belgium (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with an X% share of total exports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average denatured ethyl alcohol export price amounted to $X per litre, picking up by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per litre), while the average price for exports to Singapore ($X per litre) was 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 South Africa

In 2022, approx. X litres of denatured ethyl alcohol and other denatured spirits were imported into South Africa; with an increase of X% against the previous year's figure. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X litres in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports surged to $X in 2022. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Swaziland (X litres) constituted the largest denatured ethyl alcohol supplier to South Africa, with a X% share of total imports. Moreover, denatured ethyl alcohol imports from Swaziland exceeded the figures recorded by the second-largest supplier, the Netherlands (X litres), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Swaziland amounted to X%.

In value terms, Swaziland ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to South Africa, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Swaziland totaled X%.

Import Prices by Country

In 2022, the average denatured ethyl alcohol import price amounted to $X per litre, growing by X% against the previous year. Overall, the import price showed a slight expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per litre. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per litre), while the price for Swaziland stood at $X per litre.

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

Source: IndexBox Platform

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