is increased, at certain times in the year imports will continue because the price arbitrage still favors U.S. ethanol.
The tables below show ethanol imports NCM 2207.10 through 2207.20.19 for 2016 and 2017 January-June, as reported by the Brazilian Secretariat of Foreign Trade SECEX.
Brazilian Ethanol Imports NCM 2207.10, 2207.20.11 2207.20.19, 000 Liters, MT, US 1,000 FOB
CY 2016 CY 2017 1
Country Volume
Weight Value
Volume Weight
Value
United States 829,819
655,378 392,779
1,279,773 1,021,486
640,613 Paraguay
572 452
420 Jamaica
41 48
354 40
32 221
Germany 99
80 105
73 63
83 France
10 9
65 6
5 35
Sweden 7
6 47
2 4
30 Mexico
1 3
14 2
2 10
Spain 1
Japan 7
Switzerland Others
2,166 1,741
1,314 Total
832,144 657,264
394,684 1,280,469
1,022,042 641,414
Source : Brazilian Foreign Trade Secretariat SECEX Numbers may not add due to rounding 1Jan-Jun.
4.5. Ending Stocks
Beginning stocks for ethanol used as fuel and other industrial chemicals, excluding ethanol for beverages are based on information from MAPA and reflect all stocks at ethanol plants as of
January 1, 2006. Beginning stocks for ethanol “for fuel only” are estimated based on historical
average use of bioethanol for fuelother uses. On average, ethanol for fuel has represented 87 percent of total ethanol disappearance consumption and exports, therefore Post assumed this
percentage to calculate the theoretical beginning stocks for fuel in January 1, 2006. All other stock figures were calculated based on the difference between total supply and disappearance.
ATOSao Paulo projects ending stocks for fuel ethanol at 5.84 billion liters for 2018, similar to 2017 5.831 billion liters. Ending stocks measured on December 31 of each year do not actually reflect
the supply and demand balance. In general, ethanol plants in the center-south are nearing the end of the crushing season, while ethanol plants in the northeast are fully operating. As a result,
stock levels are expected to be high. Stock figures measured on April 1, after subtracting the disappearance consumption and exports during the first quarter of the year, will likely show a
more realistic picture about product availability in the beginning of the new crop season April. 5. Biodiesel
5.1. Brazilian Biodiesel Production, Supply and Demand PSD Table
Biodiesel is a trans-esterified vegetable oil also known as fatty acid methyl ester produced from soy oil, cottonseed oil, rapeseed, oil, other vegetable oils, animal fats, and recycled cooking oils.
The table below shows Brazil’s biodiesel supply and demand PSD table for calendar years CY 2009 through 2018.
Biodiesel Million Liters
Calendar Year
200 9
201 201
1 201
2 201
3 201
4 201
5 201
6 201
7 201
8 Beginning
Stocks
90 135
60 132
54 42
52 46
47 85
Production
1,60 8
2,38 6
2,67 3
2,71 7
2,95 5
3,46 4,01
3,80 1
4,30 4,85
Imports
4 9
18
Exports
3 8
6 39
40 12
Consumption
1,56 5
2,46 2
2,61 3
2,79 5
2,92 8
3,41 4,00
4 3,80
4,26 2
4,83 8
Ending Stocks
135 60
132 54
42 52
46 47
85 97
Production Capacity Million Liters Number of
Biorefineries
63 66
65 65
64 58
57 51
50 54
Nameplate Capacity
4,35 5,83
7 6,74
2 7,40
7,90 7,72
2 7,86
7,19 1
7,76 9
8,59 5
Capacity Use
37.0 40.9
39.6 36.7
37.4 44.8
51.0 52.9
55.3 56.4
Feedstock Use for Fuel 1,000 MT
Soy Oil, Crude
1,12 4
1,76 2
1,93 4
1,83 4
1,92 5
2,29 3
2,73 2,62
2 2,74
3 3,09
4
Animal Fat
247 317
352 461
586 702
724 614
660 744
Market Penetration Million Liters Biodiesel, on-road
use
na na
na na
na 2,458
2,927 2,759
3,094 3,512
Diesel, on-road use
na na
na na
na 43,28
3 41,81
3 39,40
3 39,39
6 39,75
7
Blend Rate
na na
na na
na 5.7
7.0 7.0
7.9 8.8
Diesel, total use
44,29 8
49,23 9
52,26 4
55,90 58,57
2 60,03
2 57,21
1 54,27
9 54,26
9 54,76
7
5.2. Production A. Feedstock
