Middle East: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in the Middle East

In 2023, the Middle Eastern denatured ethyl alcohol market was finally on the rise to reach $X after two years of decline. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Denatured Ethyl Alcohol Production in the Middle East

In value terms, denatured ethyl alcohol production rose slightly to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports in the Middle East

In 2023, overseas shipments of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres for the first time since 2019, thus ending a three-year rising trend. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X litres in 2022, and then contracted notably in the following year.

In value terms, denatured ethyl alcohol exports reduced rapidly to $X in 2023. In general, exports showed a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then declined notably in the following year.

Exports by Country

In 2023, Iran (X litres) represented the key exporter of denatured ethyl alcohol and other denatured spirits, making up X% of total exports. The United Arab Emirates (X litres) ranks second in terms of the total exports with a X% share, followed by Turkey (X%) and Saudi Arabia (X%).

Iran experienced a relatively flat trend pattern with regard to volume of exports of denatured ethyl alcohol and other denatured spirits. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) remains the largest denatured ethyl alcohol supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In Iran, denatured ethyl alcohol exports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per litre, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per litre in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per litre), while Iran ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Denatured Ethyl Alcohol Imports

Imports in the Middle East

In 2023, the amount of denatured ethyl alcohol and other denatured spirits imported in the Middle East declined sharply to X litres, waning by X% compared with the previous year's figure. Over the period under review, imports saw a perceptible decline. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X litres in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports declined rapidly to $X in 2023. In general, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X litres) and Turkey (X litres) prevails in imports structure, together mixing up X% of total imports. The following importers - Israel (X litres), Jordan (X litres) and Saudi Arabia (X litres) - each finished at a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest denatured ethyl alcohol importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share of total imports.

Among the main importing countries, Israel, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per litre, waning by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per litre in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per litre), while the United Arab Emirates ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform