In 2023, imports of undenatured ethyl alcohol to the US stood at 1.162 billion kilograms.
Forecasted data indicates a steady increase in volume over the next five years, with incremental annual increases from 2024 to 2028:
2024: 1.1856 billion kilograms (+2.0% YoY)
2025: 1.208 billion kilograms (+1.88% YoY)
2026: 1.23 billion kilograms (+1.82% YoY)
2027: 1.2515 billion kilograms (+1.75% YoY)
2028: 1.2726 billion kilograms (+1.69% YoY)
Observing the variations over the last two years and the cumulative annual growth rate (CAGR) from 2023 to 2028, there is a consistent upward trend averaging at approximately 1.83% CAGR per year.
Future trends to watch for include potential changes in global production levels, trade policies, and ethanol demand dynamics, which may impact import volumes. Other factors like environmental regulations and a shift towards biofuels will also play an essential role in shaping the import trends of undenatured ethyl alcohol into the US.