Ethanol Reports
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Publication date:
September
3,
2007
Synopsis
In 2006, Brazilian fuel ethanol consumption amounted to approximately 13 billion litres, equal to approximately 14.69% of Brazil’s total fuel consumption. New car sales are almost exclusively flex-fuel vehicles and foreign demand is growing rapidly as well. The Brazilian ethanol market is starting to transform into a mature industry, especially with IPO’s such as Cosan and São Martinho. Politicians and policy makers around the world are trying to learn from what is often referred to as the Brazilian experience. But investors, policymakers, consultants and managers at a company looking for Brazilian ethanol, should be aware of the Brazilian ethanol market dynamics, which are quite different from developing markets in the United States and Europe. Particularly Brazil’s market structure and complex system of ownership is at times difficult to grasp and possibly a barrier for foreign investors. The development of land prices and congestion problems in Brazil’s main ports are all issues that need to be taken into consideration when taking decisions related to the Brazilian ethanol market. This reports was written to provide professionals with a comprehensive overview of the Bra¬zilian fuel ethanol market in all it’s aspects, including production, consumption, legislation, international trade and key conditions for market development.
Key Features
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Comparable data to easily identify trends and developments in the Brazilian ethanol market
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Ethanol Production capacity by state, region, company, group and cooperative.
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Ethanol exports by country of destination and port
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Ethanol production costs break-down and land price for state in the centre-south
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Ethanol consumption by market use
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Annual Flex-Fuel Vehicles market shares
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Largest foregin investment groups
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Reasons to buy this Report:
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It is the most economical and time-efficient way of assessing the Brazilian ethanol market.
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Clearly presented, accurate and comprehensive statistics up to 2006 and 2007 from a source you can trust.
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Data transformation service:
Data transformation is a unique services that is only provided by Ethanol Statistics.
It allows every person and organization that has purchased a report from Ethanol
Statistics to request a change in the level of analyses in which the tables and
figures in that specific report are broken down. If for instance, one of our country
reports breaks down production capacity by state, but you prefer it by region, we
will provide that data, if available, free of charge.
The only requirements are that you have purchased the report for which you request
data transformation and that the data requested is available at Ethanol Statistics.
For data transformation requests, please email to
reports@ethanolstatistics.com
Level of Analysis:
Country, Region and State level
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Background
Although the United States has become the largest ethanol producer in 2006, the
single most advanced ethanol nation is still Brazil. With market developments dating
back to 1975, it has had the time to develop what is now becoming a robust ethanol
consumption market. It is the only country in the world that almost exclusively
sells FFV’s and it is most likely the only country in the world with significant
ethanol export capacity in the next few years. Politicians and policy makers around
the world are trying to learn from what is often referred to as the Brazilian experience.
But investors, policymakers, consultants and managers at a company looking for Brazilian
ethanol, should be aware of the Brazilian ethanol market dynamics, which are quite
different from developing markets in the United States and Europe. Particularly
Brazil’s market structure and complex system of ownership is at times difficult
to grasp and possibly a barrier for foreign investors. The development of land prices
and congestion problems in Brazil´s main ports are all issues that need to be taken
into consideration when taking decisions related to the Brazilian ethanol market.
Goal of this Report
This reports was written to provide professionals with a comprehensive overview
of the Brazilian fuel ethanol market in all it’s aspects, including production,
consumption, legislation, international trade and key conditions for market development.
Unlike most reports, it provides exact and consistent statistics over a period of
several years, perfectly suitable for business planning, calculations and academic
studies. It will save valuable time for those in need of reliable and comprehensive
information to make business decisions and analyses.
Report Structure
After the introduction, chapter 2 will provide a clear synopsis of the historic
development of Brazil’s fuel ethanol market. Chapter 3 will analyze fuel ethanol
consumption in Brazil, including flex-fuel vehicle market share and consumer price
mechanisms. Chapter 4 will then provide a clear overview of the supply side of the
market, explaining the Brazilian market structure and changing market forces. Finally,
chapter 5 will provide a detailed overview of Brazilian fuel ethanol exports, breaking
down statistics by country of destination, importing regions and port market shares.
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Executive Summary
1. Introduction
2. Historic Development and Legislation
2.1 The 1970’s: The First Stage of Proálcool
2.2 The 1980’s: The Second Stage of Próalcool
2.3 1985 - 1990: Oil Prices and Supply Crisis
2.4 The 1990’s: Deregulation and Privatisation
2.5 2000 - 2007: The Rise of Flex-Fuel Vehicles
3. Brazilian Fuel Ethanol Consumption
3.1 Brazil’s Anhydrous Ethanol Market
3.2 The Hydrous Ethanol Market
3.2.1 Flex-Fuel Vehicles
3.2.2 Relative Price Movements and Competitiveness of Ethanol
3.3 Geographical Distribution of Ethanol Consumption
4. Brazilian Fuel Ethanol Production
4.1 Supply Market Characteristics
4.2 Geographical Distribution of Production
4.3 Brazilian Ethanol Market Structure
4.3.1 Sugar Mills
4.3.2 Sugar Groups
4.3.3 Sugar Families
4.3.4 Cooperatives
4.3.5 Foreign Investors
4.3.6 Petrobras
4.3.7 Fuel distributors
4.4 Brazilian Ethanol Economics and Price Correlations
4.4.1 The Economics of Brazilian Ethanol Production
4.4.2 Ethanol Price Correlations: Sugar, Oil
4.4.3 Flex Fuel Vehicles
4.4.4 Long term: International Demand for Ethanol
4.4.5 Long term: Technological Improvements
4.4.6 Long-term Contracts, Spot market and Futures Market
4.4.7 Long term: Taxes
5. Brazilian Ethanol and International Trade
5.1 Development of Brazilian Ethanol Exports
5.2 Brazilian Exports Ranked by Port
5.3 Planned Expansions of Port Capacity
Appendix A: Car Manufacturers by State
Appendix B: Brazilian States, Sorted by Production Regions
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List of Tables by Chapter
Table 2.1 Phases of deregulation of Brazil’s fuel and ethanol market, 1990-2002
Table 3.1 Development of Flex-Fuel Vehicles market share, 1996-2007, in %
Table 3.2 Market share of car manufacturers in FFV sales, 2005-2006, in
Table 3.3 Relative price movements of hydrous ethanol and gasolina C, 2003-2007
Table 3.4 Centralization of economic activity and the car industry, 2006
Table 3.5 Geographical distribution of fuel consumption, by type of fuel, 2006, in m3
Table 3.6 Consumer prices for hydrous ethanol in 14 states, jan/jun. 2007
Table 4.1 Ethanol yield and energy efficiency per feedstock, 2006
Table 4.2 Dedicated ethanol and sugar mills vs. combined production mills, 2006
Table 4.3 Brazilian market characteristics, by region, 2006
Table 4.4 Production, yield and production mix per region, 2006
Table 4.5 Land price for sugarcane productionin October 2006
Table 4.6 Brazilian states, ranked by sugarcane, sugar and ethanol production, 2006
Table 4.7 The 20 largest sugarcane mills in Brazil, 2006/07, in tonnes of sugarcane
Table 4.8 The 20 largest sugarcane mills in Brazil, 2006/07, in m3 ethanol
Table 4.9 The 20 largest sugarcane mills in Brazil, 2006/07, in m3 sugar
Table 4.10 Top 13 largest sugarcane groups in Brazil, 2006
Table 4.11 Brazil’s largest sugar and ethanol cooperatives, ranked by production, 2006
Table 4.12 Top 6 foreign investor’s expansion plans, 2007-2016, in million tones
Table 4.13 Brazil’s largest fuel distributors, ranked by # of fuel stations, 2005
Table 4.14 Brazil’s largest fuel distributors, ranked by fuel market share, 2006
Table 4.15 Land ownership in the state of São Paulo between 1975 and 2005
Table 4.16 Sugarcane production cost in São Paulo, mechanical harvest, in R$/Hectare
Table 4.17 Average cost structure of Brazilian ethanol production, 2005
Table 4.18 Extrapolation of the Brazilian learning curve, 2005-2025
Table 4.19 Share of Brazilian ethanol production traded on the BM&F, 2000-2006
Table 4.20 ICMS tax rate on hydrous ethanol by state, 2007
Table 5.1 Brazilian ethanol exports and export prices, 1996-2007, in lit
Table 5.2 Brazilian hydrous ethanol exports by country of destination, 2006 in lit
Table 5.3 Brazilian anhydrous ethanol exports by country of destination, 2006, in lit
Table 5.4 Brazilian ethanol exports ranked by port, 2005-2007, in lit
List of Figures By Chapter
Figure 2.1 Brazilian ethanol production between 1975 and 2005, in m3
Figure 3.1 Development of the Brazilian mandatory ethanol blend, 1931-2007
Figure 3.2 Development of Flex-Fuel Vehicle Sales in Brazil, 2003-2007, % of sales
Figure 3.3 Relative price movements of hydrous ethanol and Gasolina A, 2002-2007
Figure 3.4 Anhydrous and hydrous ethanol consumption, 1982-2006, in m3
Figure 3.5 Brazilian market structure by type of fuel, 2006, in % of total
Figure 4.1 Development of ethanol production productivity in Brazil, 1975-2007
Figure 4.2 Price of São Paulo ethanol and R´dam gasoline, 2003-2007, in $/GJ
Figure 4.3 Brazilian sugarcane production between 1975 and 2006, in tonnes
Figure 4.4 Percentage of sugarcane utilized for ethanol and sugar, 1975-2006
Figure 4.5 The Cerrado area in Brazil
Figure 4.6 Price movements of crude oil, ethanol and sugar, 1998-2007 (index
Figure 4.7 Breakdown of sugarcane production costs, 1976-2005 in R$/tonne of cane
Figure 4.8 Breakdown of ethanol production costs, 1980-2005, in R$/tonne of cane
Figure 5.1 Major infrastructural expansions for 2012
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Number of pages
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53
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Language
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English
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Format availability
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+
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PDF 1 user
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€ 495,-
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PDF 1 user + hardcopy
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€ 545,-
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PDF 2-5 users*
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€ 995,-
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PDF 6 > users* + 3 free hardcopies
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€ 1995,-
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* Restricted to your organization
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