Austria: Ethanol Market 2024

Ethanol Market Size in Austria

After five years of growth, the Austrian ethanol market decreased by -18.7% to $X in 2022. Overall, consumption, however, showed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2021, and then fell dramatically in the following year.

Ethanol Production in Austria

In value terms, ethanol production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 54% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Ethanol Exports

Exports from Austria

In 2022, overseas shipments of ethyl alcohol increased by 19% to X litres, rising for the second consecutive year after four years of decline. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.6% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 22%. The exports peaked at X litres in 2016; however, from 2017 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 strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X litres), Germany (X litres) and Romania (X litres) were the main destinations of ethanol exports from Austria, together comprising 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +146.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethanol exported from Austria were the Netherlands ($X), Germany ($X) and Romania ($X), with a combined 91% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +183.1%, 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

The average ethanol export price stood at $X per litre in 2022, jumping by 34% against the previous year. Overall, the export price saw notable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per litre) and Romania ($X per litre), while the average price for exports to Hungary ($X per litre) and Slovakia ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into Austria

In 2022, imports of ethyl alcohol into Austria reduced dramatically to X litres, with a decrease of -26.5% on the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 64% against the previous year. As a result, imports attained the peak of X litres. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, ethanol imports contracted to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 61%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Hungary (X litres) constituted the largest supplier of ethanol to Austria, with a 41% share of total imports. Moreover, ethanol imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X litres), twofold. The third position in this ranking was taken by Slovakia (X litres), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.6% per year) and Slovakia (+32.6% per year).

In value terms, Hungary ($X), Germany ($X) and Slovakia ($X) appeared to be the largest ethanol suppliers to Austria, together comprising 76% of total imports. These countries were followed by France, the Czech Republic and Poland, which together accounted for a further 21%.

Poland, with a CAGR of +57.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ethanol import price stood at $X per litre in 2022, jumping by 23% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol import price increased by +84.8% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per litre) and Poland ($X per litre), while the price for the Czech Republic ($X per litre) and Slovakia ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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