United Kingdom: Ethanol Market 2024

Ethanol Market Size in the UK

The UK ethanol market skyrocketed to $X in 2022, picking up by 51% against the previous year. Over the period under review, consumption recorded resilient growth. Ethanol consumption peaked in 2022 and is likely to see gradual growth in years to come.

Ethanol Production in the UK

In value terms, ethanol production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 32% against the previous year. Ethanol production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ethanol Exports

Exports from the UK

Ethanol exports from the UK soared to X litres in 2022, jumping by 32% against the previous year's figure. Overall, exports showed a moderate expansion. The pace of growth was the most pronounced in 2014 when exports increased by 189% against the previous year. Over the period under review, the exports hit record highs at X litres in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethanol exports surged to $X in 2022. In general, exports showed a measured expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 128% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X litres), Belgium (X litres) and Denmark (X litres) were the main destinations of ethanol exports from the UK, together comprising 80% of total exports. Sweden, France, Ireland and Germany lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +17.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethanol exported from the UK were the Netherlands ($X), Belgium ($X) and Denmark ($X), with a combined 76% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +13.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, picking up by 13% against the previous year. Over the period under review, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. Over the period under review, the average export prices reached the maximum at $X per litre in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to Germany ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+0.9%), while the prices for the other major destinations experienced a decline.

Ethanol Imports

Imports into the UK

Ethanol imports into the UK soared to X litres in 2022, increasing by 45% on 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 90% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, ethanol imports soared to $X in 2022. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X litres), the United States (X litres) and the Netherlands (X litres) were the main suppliers of ethanol imports to the UK, with a combined 76% share of total imports. France, Pakistan and Ukraine lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +188.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethanol suppliers to the UK were the United States ($X), Brazil ($X) and the Netherlands ($X), together comprising 81% of total imports. These countries were followed by France, Pakistan and Ukraine, which together accounted for a further 10%.

Among the main suppliers, Ukraine, with a CAGR of +142.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ethanol import price amounted to $X per litre, increasing by 31% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per litre in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per litre), while the price for France ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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