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Annual South Korean ethanol imports up almost 40%

Seoul, South Korea (via Wikimedia Commons, by Seoul Fire and Disaster Management Headquarters).
Seoul, South Korea (via Wikimedia Commons, by Seoul Fire and Disaster Management Headquarters).

Platts analysis of data released by the Korea Customs Service shows that imports have increased year-on-year by 39% to 261,584 megatons (mt).

The data was released 11 January and shows a significant decline in Brazilian ethanol, making up only 9% of supply in 2017 from 49% in 2016.

America remained the primary exporter of denatured ethanol to the country, with 78% of imports originating from the US.

Overall 2017 imports denatured ethanol were up 238% from 2016, compared to undenatured ethanol, which was down 6%.

Australia was the largest exporter of undenatured ethanol, accounting for 44% of South Korea’s imports. Brazil was the largest exporter in 2016, Platts cited favourable prices in Australia as the reason for the change.

See the full Platts article here.

Seoul, South Korea (via Wikimedia Commons, by Seoul Fire and Disaster Management Headquarters).