Learn about actual and potential costs
How much should I pay for Ethanol?
What is the average price of Ethanol?
This procurement report includes pricing information to help you purchase Ethanol. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Ethanol been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Ethanol yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Ethanol?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Ethanol with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
Market share concentration is medium, with the top four suppliers accounting for about 45.0% of the US ethanol market. There are just over 4,300 enterprises supplying ethanol in the United States in 2020. Barriers to entry are moderate, underscoring this market's medium concentration level by somewhat discouraging new market entrants.... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Do you partner with other suppliers to ensure timely and cost-effective delivery?
How do you ensure timely and accurate shipping?
What systems do you have in place to manage outgoing shipments?
What are your storage and transportation procedures?
How does this limit the risk to the products?
What quality standards do you implement to ensure the consistent production of high-quality ethanol?
Have you ever received complaints that your ethanol did not perform up to expectation?
How were these complaints handled?
What sets your company and products apart from your competitors'?
How much of your annual sales are diverted to blended fuel food-grade ethanol and for laboratory or industrial use?
How much experience do you have producing and supplying ethanol with my specifications and in the volume required?
How many of your customers are repeat customers?
Can you provide client references?
What awards, licenses and certifications do you have?
How do you prioritize the allocation of your products in the event of diminished production and stocks?
How do you ensure that your ethanol adheres to regulatory requirements?
Are your operations ready to meet new requirements, such as renewable fuel standards?
How has the high rate of regulatory change impacted your revenue and profit?
Have you ever not met a regulatory requirement?
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Key elements for every RFP
What should my RFP include?
Buyers should state the total value of the contract.
Buyers should state the frequency of payments.
Buyers should provide information regarding how suppliers are able to adjust prices throughout the length of the contract.
Buyers should prioritize suppliers that have adequate capacity for the purchase volume.
Buyers should prioritize suppliers that can provide ethanol that most closely matches their specifications.
For more selection criteria information, buyers are advised to consult the Buying-Decision Scorecard section of this report.
Buyers should provide a date for when the RFP was issued.
Buyers should provide a due date for submissions.
Buyers should provide a date for when they will announce the award.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Overall supply chain risk for the ethanol market is high. The primary source of risk for ethanol suppliers comes from the fluctuating corn yields of feedstock growers in the United States; however, the market has also been affected by the recent tariffs imposed by the United States on thousands of... Subscribe to learn more.