Austria: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Austria

The Austrian denatured ethyl alcohol market declined to $X in 2021, shrinking by -5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a mild decrease. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from Austria

After three years of growth, overseas shipments of denatured ethyl alcohol and other denatured spirits decreased by -47.6% to X tons in 2021. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 477%. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped dramatically in the following year.

In value terms, denatured ethyl alcohol exports declined remarkably to $X in 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 326% against the previous year. The exports peaked at $X in 2020, and then shrank dramatically in the following year.

Exports by Country

Croatia (X tons) was the main destination for denatured ethyl alcohol exports from Austria, accounting for a 55% share of total exports. Moreover, denatured ethyl alcohol exports to Croatia exceeded the volume sent to the second major destination, Bulgaria (X tons), fourfold. Romania (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Croatia stood at +166.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+662.5% per year) and Romania (+102.7% per year).

In value terms, Croatia ($X) emerged as the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Austria, comprising 58% of total exports. The second position in the ranking was taken by Romania ($X), with an 8.9% share of total exports. It was followed by Germany, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Croatia stood at +145.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+109.0% per year) and Germany (-1.9% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, with a decrease of -35.7% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 99% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Romania ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Austria

After four years of growth, supplies from abroad of denatured ethyl alcohol and other denatured spirits decreased by -19.4% to X tons in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 20% against the previous year. Imports peaked at X tons in 2020, and then fell rapidly in the following year.

In value terms, denatured ethyl alcohol imports dropped remarkably to $X in 2021. In general, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.5% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

Hungary (X tons), France (X tons) and Germany (X tons) were the main suppliers of denatured ethyl alcohol imports to Austria, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +42.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Hungary ($X), France ($X) and Germany ($X) appeared to be the largest denatured ethyl alcohol suppliers to Austria, with a combined 89% share of total imports.

In terms of the main suppliers, France, with a CAGR of +40.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, with an increase of 1.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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