Benelux: Ethanol Market 2024

Ethanol Market Size in Benelux

The Benelux ethanol market surged to $X in 2022, with an increase of 214% against the previous year. Overall, consumption showed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ethanol Production in Benelux

In value terms, ethanol production dropped rapidly to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +23.5% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 92% against the previous year. The level of production peaked at $X in 2021, and then declined dramatically in the following year.

Ethanol Exports

Exports in Benelux

After five years of growth, overseas shipments of ethyl alcohol decreased by -1.1% to X litres in 2022. Overall, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 88% against the previous year. The volume of export peaked at X litres in 2021, and then dropped in the following year.

In value terms, ethanol exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, the Netherlands (X litres) represented the key exporter of ethyl alcohol, constituting 76% of total exports. It was distantly followed by Belgium (X litres), making up a 24% share of total exports.

The Netherlands was also the fastest-growing in terms of the ethyl alcohol exports, with a CAGR of +10.4% from 2012 to 2022. At the same time, Belgium (+3.1%) displayed positive paces of growth. The Netherlands (+14 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -14.3% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest ethanol supplier in Benelux, comprising 76% of total exports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total exports.

In the Netherlands, ethanol exports increased at an average annual rate of +12.1% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per litre in 2022, growing by 29% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol export price increased by +76.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 55% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per litre), while the Netherlands totaled $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%).

Ethanol Imports

Imports in Benelux

In 2022, the amount of ethyl alcohol imported in Benelux surged to X litres, growing by 28% on 2021. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 38%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, ethanol imports soared to $X in 2022. In general, imports recorded a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X litres) was the key importer of ethyl alcohol, constituting 87% of total imports. It was distantly followed by Belgium (X litres), making up a 13% share of total imports.

The Netherlands was also the fastest-growing in terms of the ethyl alcohol imports, with a CAGR of +9.9% from 2012 to 2022. At the same time, Belgium (+6.2%) displayed positive paces of growth. From 2012 to 2022, the share of the Netherlands increased by +4.5 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported ethyl alcohol in Benelux, comprising 88% of total imports. The second position in the ranking was held by Belgium ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at +12.2%.

Import Prices by Country

The import price in Benelux stood at $X per litre in 2022, rising by 19% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +67.0% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per litre), while Belgium stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%).

Source: IndexBox Platform