Czech Republic: Ethanal Market 2024

Ethanal Market Size in the Czech Republic

The Czech ethanal market rose significantly to $X in 2022, growing by 8.4% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Ethanal Production in the Czech Republic

In value terms, ethanal production expanded rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Ethanal Exports

Exports from the Czech Republic

In 2022, exports of ethanal (acetaldehyde) from the Czech Republic reached X tons, growing by 11% on 2021 figures. Over the period under review, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 95% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ethanal exports fell to $X in 2022. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 60% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for ethanal exports from the Czech Republic, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia stood at -2.9%.

In value terms, Slovakia ($X) also remains the key foreign market for ethanal (acetaldehyde) exports from the Czech Republic.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia stood at -13.0%.

Export Prices by Country

In 2022, the average ethanal export price amounted to $X per ton, waning by -21.3% against the previous year. Overall, the export price faced a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by 22%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Slovakia.

From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to -10.4% per year.

Ethanal Imports

Imports into the Czech Republic

In 2022, purchases abroad of ethanal (acetaldehyde) was finally on the rise to reach X kg after two years of decline. Overall, imports, however, saw a precipitous shrinkage. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ethanal imports rose sharply to $X in 2022. Over the period under review, imports, however, faced a dramatic decrease. The pace of growth was the most pronounced in 2019 with an increase of 85%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest ethanal supplier to the Czech Republic, with a 79% share of total imports. Moreover, ethanal imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold. The third position in this ranking was held by Belgium (X kg), with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.2% per year) and Belgium (-10.4% per year).

In value terms, the United States ($X), Germany ($X) and Belgium ($X) appeared to be the largest ethanal suppliers to the Czech Republic, together comprising 99% of total imports.

The United States, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average ethanal import price stood at $X per ton in 2022, reducing by -56% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 87%. As a result, import price reached the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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