Czech Republic: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in the Czech Republic

In 2021, the Czech denatured ethyl alcohol market increased by 34% to $X, rising for the third consecutive year after three years of decline. In general, consumption recorded a buoyant increase. Denatured ethyl alcohol consumption peaked in 2021 and is expected to retain growth in years to come.

Denatured Ethyl Alcohol Production in the Czech Republic

In value terms, denatured ethyl alcohol production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 49% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports from the Czech Republic

After two years of growth, overseas shipments of denatured ethyl alcohol and other denatured spirits decreased by -72.9% to X tons in 2021. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 296% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, denatured ethyl alcohol exports fell markedly to $X in 2021. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 175%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for denatured ethyl alcohol exports from the Czech Republic, with a 65% share of total exports. Moreover, denatured ethyl alcohol exports to Slovakia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia amounted to -16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Belgium (0.0% per year).

In value terms, Slovakia ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from the Czech Republic, comprising 67% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Belgium, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to Slovakia amounted to -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Belgium (0.0% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, growing by 35% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, denatured ethyl alcohol export price increased by +169.4% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to the United Arab Emirates ($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 Poland (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into the Czech Republic

In 2021, the amount of denatured ethyl alcohol and other denatured spirits imported into the Czech Republic skyrocketed to X tons, rising by 42% against the previous year's figure. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 995% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, denatured ethyl alcohol imports surged to $X in 2021. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 841% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest denatured ethyl alcohol supplier to the Czech Republic, with a 61% share of total imports. Moreover, denatured ethyl alcohol imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Slovakia (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +516.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+98.5% per year) and Slovakia (+2.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to the Czech Republic, comprising 63% of total imports. The second position in the ranking was held by Germany ($X), with a 27% share of total imports. It was followed by Slovakia, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands amounted to +540.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+89.4% per year) and Slovakia (+4.4% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, increasing by 13% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, denatured ethyl alcohol import price increased by +71.8% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 26%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from the Netherlands ($X per ton) and Germany ($X per ton), while the price for Hungary ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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