Ethyl alcohol market in Papua New Guinea

Earlier Report Observations

From 2018 to 2023, the ethyl alcohol market in Papua New Guinea showed considerable volatility in volume. Starting at 9.6 million liters in 2018, market size expanded to 11.8 million liters the following year. This growth coincided with import activity, including shipments from Hong Kong, though these were not the primary driver of the overall increase.

A sharp contraction to 9.2 million liters occurred in 2020, followed by a strong recovery to a peak of 11.9 million liters in 2021. The subsequent period saw a gradual tapering, with the market settling at 10.8 million liters by 2023, indicating a phase of stabilization after the earlier fluctuations.

Production ethyl alcohol in Papua New Guinea

In kind, 2017-2020, K l

Top producers of ethyl alcohol, 2017-2020

World map of production of ethyl alcohol, 2017-2020

Papua New Guinea's ethyl alcohol production saw a two-year increase before declining. In 2019, production reached its peak at 11 214 thousand liters. However, in 2020, it dropped sharply to 7 838 thousand liters, representing a significant 30.1% decrease compared to the previous year. Over the entire 2017-2020 period, production fell by 27.8%, with an average annual decline rate of 10.3%. The largest year-on-year increase occurred in 2018, at 1.8%.

Annual dynamics of production in Papua New Guinea in kind, 2017-2020, K l

Exports ethyl alcohol from Papua New Guinea

Exports in kind, K l

The data shows irregular changes, indicating a volatile market environment. In 2018, exports reached their highest point at 1 743 thousand liters, but then plummeted to just 17 thousand liters in 2019—a dramatic 99.0% decline. This represents a 103-fold difference between these two years. In 2020, cross-border shipments of ethyl alcohol from Papua New Guinea recovered to 126 thousand liters, marking a substantial 642.6% increase compared to 2019.

Annual dynamics of product's exports from Papua New Guinea in kind, 2017-2020, K l

From 2017 to 2020, Papua New Guinea's ethyl alcohol exports were heavily concentrated, with South Korea and Solomon Islands together accounting for 99.5% of total export volumes.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Papua New Guinea in kind, 2017-2020

Exports in value, K $ US

Volatility characterized the market behavior during these years. In 2018, export values peaked at 1 492 thousand US dollars, while in 2019 they fell to their lowest point at 29 thousand US dollars—a 52-fold gap. The largest decline occurred in 2019, at 98.1%. In 2020, exported ethyl alcohol volumes from Papua New Guinea were recorded at 174 thousand US dollars, corresponding to a 512.0% increase relative to the prior year.

Annual dynamics of product's exports from Papua New Guinea in value, 2017-2020, K $ US

During 2017–2020, South Korea remained the primary destination for Papua New Guinea's ethyl alcohol exports in value terms, accounting for 77.8% of total exports, while the remaining volume was distributed among other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Papua New Guinea in value, 2017-2020

Imports ethyl alcohol to Papua New Guinea

Imports in kind, K l

There were noticeable fluctuations in market performance during the period. In 2018, imports hit their lowest point at 284 thousand liters, with a 15.1% decline that year. By 2020, they surged to a peak of 1 502 thousand liters, representing a sharp 132.4% increase compared to 2019. Overall, imports varied by 5.3 times between the low in 2018 and the high in 2020.

Annual dynamics of product's imports to Papua New Guinea in kind, 2017-2020, K l

From 2017 to 2020, Australia, France, and India were the top suppliers of ethyl alcohol to Papua New Guinea in volume terms. Australia accounted for 50.8% of imports, France for 22.5%, and India for 13.0%, with their combined share reaching 86.3% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Papua New Guinea in kind, 2017-2020

Imports in value, K $ US

Volatility characterized the market behavior during these years. In 2018, import values were at their lowest at 224 thousand US dollars, with a 4.4% decline that year. They then jumped to a peak of 1 459 thousand US dollars in 2019, marking a massive 552.0% increase. In 2020, Papua New Guinea's ethyl alcohol imports were recorded at 1 396 thousand US dollars, showing a moderate 4.3% decline compared to the previous year. Overall, imports varied by 6.5 times between the low in 2018 and the high in 2019.

Annual dynamics of product's imports to Papua New Guinea in value, 2017-2020, K $ US

In 2017–2020, three main markets—Australia, France, and India—together absorbed 88.3% of the total import value of ethyl alcohol to Papua New Guinea.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Papua New Guinea in value, 2017-2020