Global Ethyl Alcohol Market: Increasing Demand to Drive Market Volume to 108B Litres and Market Value to $89.2B by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: World - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights.

The global demand for ethyl alcohol is set to rise over the next decade, with an expected increase in consumption. Market performance is predicted to continue on an upward trend, with a projected CAGR of +1.3% in volume terms and +2.6% in value terms from 2024 to 2035. By the end of 2035, the market volume is expected to reach 108 billion litres, with a market value of $89.2 billion.

Driven by increasing demand for ethyl alcohol worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.3% for the period from 2024 to 2035, which is projected to bring the market volume to 108B litres by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.6% for the period from 2024 to 2035, which is projected to bring the market value to $89.2B (in nominal wholesale prices) by the end of 2035.

In 2024, global consumption of ethyl alcohol fell to 94B litres, reducing by -1.8% on 2023 figures. The total consumption volume increased at an average annual rate of +1.1% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption hit record highs at 116B litres in 2020; however, from 2021 to 2024, consumption failed to regain momentum.

The global ethanol market revenue expanded modestly to $67.4B in 2024, with an increase of 2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level at $67.8B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The countries with the highest volumes of consumption in 2024 were the United States (41B litres), Brazil (28B litres) and Pakistan (2.8B litres), with a combined 76% share of global consumption. India, France and Germany lagged somewhat behind, together comprising a further 6.8%.

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by India (with a CAGR of +11.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest ethanol markets worldwide were the United States ($27B), Brazil ($17.5B) and France ($2.6B), with a combined 70% share of the global market. India, Pakistan and Germany lagged somewhat behind, together comprising a further 8.3%.

India, with a CAGR of +12.5%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of ethanol per capita consumption in 2024 were Brazil (129 litres per person), the United States (120 litres per person) and France (31 litres per person).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by India (with a CAGR of +10.6%), while consumption for the other global leaders experienced more modest paces of growth.

In 2024, approx. 95B litres of ethyl alcohol were produced worldwide; dropping by -2.4% against the previous year. The total output volume increased at an average annual rate of +1.1% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 18% against the previous year. Over the period under review, global production attained the maximum volume at 118B litres in 2020; however, from 2021 to 2024, production failed to regain momentum.

In value terms, ethanol production totaled $65.6B in 2024 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. Over the period under review, global production hit record highs at $66.7B in 2022; however, from 2023 to 2024, production remained at a lower figure.

The countries with the highest volumes of production in 2024 were the United States (47B litres), Brazil (30B litres) and Pakistan (3.3B litres), together comprising 85% of global production. India and France lagged somewhat behind, together comprising a further 3.7%.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by India (with a CAGR of +7.3%), while production for the other global leaders experienced more modest paces of growth.

For the fifth year in a row, the global market recorded growth in overseas purchases of ethyl alcohol, which increased by 2.1% to 15B litres in 2024. The total import volume increased at an average annual rate of +3.3% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 20%. Over the period under review, global imports reached the maximum in 2024 and are likely to see gradual growth in the near future.

In value terms, ethanol imports fell to $13.1B in 2024. In general, imports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2022 with an increase of 34%. As a result, imports reached the peak of $14.7B. From 2023 to 2024, the growth of global imports remained at a somewhat lower figure.

The countries with the highest levels of ethanol imports in 2024 were the Netherlands (1.4B litres), Canada (1.3B litres), the UK (1.3B litres), Germany (1.1B litres), France (1.1B litres), Belgium (0.9B litres), Japan (0.7B litres), the Philippines (0.6B litres) and India (0.6B litres), together amounting to 60% of total import. The United States (550M litres) held a little share of total imports.

From 2013 to 2024, the biggest increases were recorded for India (with a CAGR of +29.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($1.5B), the Netherlands ($1.2B) and France ($1.1B) appeared to be the countries with the highest levels of imports in 2024, together comprising 29% of global imports. The UK, Germany, Japan, the Philippines, India, Belgium and the United States lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, India, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Undenatured ethyl alcohol of alcoholic strength by volume over 80% was the largest type of ethyl alcohol in the world, with the volume of imports reaching 10B litres, which was approx. 67% of total imports in 2024. It was distantly followed by denatured ethyl alcohol and other denatured spirits (5B litres), achieving a 33% share of total imports.

From 2013 to 2024, average annual rates of growth with regard to undenatured ethyl alcohol of alcoholic strength by volume over 80% imports of stood at +2.7%. At the same time, denatured ethyl alcohol and other denatured spirits (+4.6%) displayed positive paces of growth. Moreover, denatured ethyl alcohol and other denatured spirits emerged as the fastest-growing type imported in the world, with a CAGR of +4.6% from 2013-2024. From 2013 to 2024, the share of denatured ethyl alcohol and other denatured spirits increased by +4.4 percentage points.

In value terms, the largest types of imported ethyl alcohol were undenatured ethyl alcohol of alcoholic strength by volume over 80% ($8.6B) and denatured ethyl alcohol and other denatured spirits ($4.4B).

Denatured ethyl alcohol and other denatured spirits, with a CAGR of +4.7%, recorded the highest growth rate of the value of imports, among the main imported products over the period under review.

In 2024, the average ethanol import price amounted to $870 per thousand litres, shrinking by -9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of 31%. As a result, import price attained the peak level of $1 per litre. From 2023 to 2024, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major imported products. In 2024, the product with the highest price was denatured ethyl alcohol and other denatured spirits ($889 per thousand litres), while the price for undenatured ethyl alcohol of alcoholic strength by volume over 80% totaled $851 per thousand litres.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by undenatured ethyl alcohol (+0.1%).

The average ethanol import price stood at $870 per thousand litres in 2024, waning by -9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of 31%. As a result, import price attained the peak level of $1 per litre. From 2023 to 2024, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Canada ($1.1 per litre), while Belgium ($433 per thousand litres) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (+4.4%), while the other global leaders experienced more modest paces of growth.

After two years of growth, shipments abroad of ethyl alcohol decreased by -2.2% to 16B litres in 2024. In general, total exports indicated perceptible growth from 2013 to 2024: its volume increased at an average annual rate of +3.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 19%. Over the period under review, the global exports reached the peak figure at 16B litres in 2023, and then dropped in the following year.

In value terms, ethanol exports dropped sharply to $11.7B in 2024. Overall, total exports indicated a notable expansion from 2013 to 2024: its value increased at an average annual rate of +2.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -19.1% against 2022 indices. The growth pace was the most rapid in 2022 with an increase of 32%. As a result, the exports reached the peak of $14.5B. From 2023 to 2024, the growth of the global exports remained at a somewhat lower figure.

The United States represented the key exporting country with an export of around 7.1B litres, which finished at 44% of total exports. Brazil (2.1B litres) ranks second in terms of the total exports with a 13% share, followed by the Netherlands (8.3%). Hungary (550M litres), Pakistan (529M litres), Spain (458M litres), France (435M litres), Belgium (424M litres), the UK (336M litres) and Germany (282M litres) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the ethyl alcohol exports, with a CAGR of +10.3% from 2013 to 2024. At the same time, the UK (+9.7%), Spain (+7.0%), the Netherlands (+6.7%), Germany (+4.4%) and Hungary (+3.5%) displayed positive paces of growth. Belgium and Pakistan experienced a relatively flat trend pattern. By contrast, Brazil (-3.1%) and France (-5.5%) illustrated a downward trend over the same period. From 2013 to 2024, the share of the United States and the Netherlands increased by +23 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($4.3B) remains the largest ethanol supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by the Netherlands ($1.3B), with an 11% share of global exports. It was followed by Brazil, with a 10% share.

In the United States, ethanol exports expanded at an average annual rate of +9.4% over the period from 2013-2024. In the other countries, the average annual rates were as follows: the Netherlands (+6.5% per year) and Brazil (-4.1% per year).

Undenatured ethyl alcohol of alcoholic strength by volume over 80% represented the main type of ethyl alcohol in the world, with the volume of exports amounting to 11B litres, which was approx. 69% of total exports in 2024. It was distantly followed by denatured ethyl alcohol and other denatured spirits (4.9B litres), creating a 31% share of total exports.

Exports of undenatured ethyl alcohol of alcoholic strength by volume over 80% increased at an average annual rate of +1.8% from 2013 to 2024. At the same time, denatured ethyl alcohol and other denatured spirits (+7.4%) displayed positive paces of growth. Moreover, denatured ethyl alcohol and other denatured spirits emerged as the fastest-growing type exported in the world, with a CAGR of +7.4% from 2013-2024. While the share of denatured ethyl alcohol and other denatured spirits (+11 p.p.) increased significantly in terms of the global exports from 2013-2024, the share of undenatured ethyl alcohol of alcoholic strength by volume over 80% (-10.8 p.p.) displayed negative dynamics.

In value terms, undenatured ethyl alcohol of alcoholic strength by volume over 80% ($8.5B) remains the largest type of ethyl alcohol supplied worldwide, comprising 73% of global exports. The second position in the ranking was held by denatured ethyl alcohol and other denatured spirits ($3.2B), with a 27% share of global exports.

For undenatured ethyl alcohol of alcoholic strength by volume over 80%, exports expanded at an average annual rate of +1.8% over the period from 2013-2024.

The average ethanol export price stood at $736 per thousand litres in 2024, falling by -15.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the average export price increased by 20% against the previous year. As a result, the export price reached the peak level of $900 per thousand litres. From 2023 to 2024, the average export prices failed to regain momentum.

Average prices varied noticeably amongst the major exported products. In 2024, the product with the highest price was undenatured ethyl alcohol of alcoholic strength by volume over 80% ($768 per thousand litres), while the average price for exports of denatured ethyl alcohol and other denatured spirits amounted to $649 per thousand litres.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by undenatured ethyl alcohol (-0.0%).

In 2024, the average ethanol export price amounted to $736 per thousand litres, shrinking by -15.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of 20%. As a result, the export price attained the peak level of $900 per thousand litres. From 2023 to 2024, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($1.1 per litre), while Brazil ($572 per thousand litres) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by France (+0.7%), 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.

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

+ the largest producing countries

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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The Largest Importers on The Market and How They Succeed

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