South Korean ethanol imports up 39%

January 14, 2018 |

In South Korea, ethanol imports increased 39% year on year to 261,584 mt in 2017, according to data released by Korea Customs Service. According to Platts, imports of denatured ethanol surged by 238% over the year to 117,782 mt in 2017. The U.S. remained the key import origin last year, accounting for 78% of total imports, followed by Pakistan at 10% and South Africa at 6%.

Undenatured ethanol imports however, fell 6% year on year to 143,802 mt in 2017. Australia overtook Brazil as the largest supplier of undenatured ethanol last year, accounting for 44% of total imports, followed by Cambodia at 16% and Pakistan at 14%. Volumes from Brazil accounted for only 9% of the total undenatured ethanol imports, down sharply from 49% in the previous year. South Korea has been importing more undenatured ethanol form Australia since December last year because of more favorable prices compared with Brazilian and Pakistani industrial grade ethanol.

Category: Fuels

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