Croatia: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Croatia

The Croatian denatured ethyl alcohol market reduced rapidly to $X in 2021, waning by -17.6% against the previous year. In general, consumption, however, showed a resilient increase. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Denatured Ethyl Alcohol Production in Croatia

In value terms, denatured ethyl alcohol production declined notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 1%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Denatured Ethyl Alcohol Exports

Exports from Croatia

In 2021, shipments abroad of denatured ethyl alcohol and other denatured spirits decreased by -92.7% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 103%. The exports peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, denatured ethyl alcohol exports contracted rapidly to $X in 2021. In general, exports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of 268% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Austria (X tons), Slovenia (X tons) and Switzerland (X tons) were the main destinations of denatured ethyl alcohol exports from Croatia, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +32.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for denatured ethyl alcohol exported from Croatia were Slovenia ($X), Austria ($X) and Switzerland ($X), with a combined 96% share of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +25.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, shrinking by -46.4% against the previous year. In general, the export price, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of 121% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Austria ($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 Slovenia (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Denatured Ethyl Alcohol Imports

Imports into Croatia

In 2021, overseas purchases of denatured ethyl alcohol and other denatured spirits decreased by -23.6% to X tons for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 48%. Over the period under review, imports reached the maximum at X tons in 2020, and then declined dramatically in the following year.

In value terms, denatured ethyl alcohol imports shrank significantly to $X in 2021. Overall, imports, however, posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2021, Hungary (X tons) constituted the largest denatured ethyl alcohol supplier to Croatia, accounting for a 71% share of total imports. Moreover, denatured ethyl alcohol imports from Hungary exceeded the figures recorded by the second-largest supplier, Austria (X tons), fivefold. The third position in this ranking was held by Bulgaria (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+209.2% per year) and Bulgaria (+0.5% per year).

In value terms, Hungary ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Croatia, comprising 70% of total imports. The second position in the ranking was held by Austria ($X), with a 15% share of total imports. It was followed by Poland, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+165.9% per year) and Poland (+99.1% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 22% against the previous year. The import price peaked 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 Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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