Denmark: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Denmark

The Danish denatured ethyl alcohol market fell significantly to $X in 2021, which is down by -19.6% against the previous year. In general, consumption recorded a significant contraction. Denatured ethyl alcohol consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Denatured Ethyl Alcohol Production in Denmark

In value terms, denatured ethyl alcohol production soared to $X in 2021 estimated in export price. In general, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 295%. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in the near future.

Denatured Ethyl Alcohol Exports

Exports from Denmark

In 2021, overseas shipments of denatured ethyl alcohol and other denatured spirits decreased by -71.7% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,882% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then dropped sharply in the following year.

In value terms, denatured ethyl alcohol exports contracted rapidly to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of 1,915%. Over the period under review, the exports attained the peak figure at $X in 2020, and then plummeted in the following year.

Exports by Country

Sweden (X tons) was the main destination for denatured ethyl alcohol exports from Denmark, with a 46% share of total exports. Moreover, denatured ethyl alcohol exports to Sweden exceeded the volume sent to the second major destination, the UK (X tons), threefold. Finland (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+399.9% per year) and Finland (+79.2% per year).

In value terms, Sweden ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Denmark, comprising 32% of total exports. The second position in the ranking was held by Spain ($X), with a 15% share of total exports. It was followed by the UK, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+45.5% per year) and the UK (+282.1% per year).

Export Prices by Country

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, picking up by 32% against the previous year. In general, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 223%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Finland ($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 Norway (+12.8%), while the prices for the other major destinations experienced a decline.

Denatured Ethyl Alcohol Imports

Imports into Denmark

In 2021, the amount of denatured ethyl alcohol and other denatured spirits imported into Denmark reduced dramatically to X tons, dropping by -58.2% against 2020. In general, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 186%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol imports contracted notably to $X in 2021. Over the period under review, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 230%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of denatured ethyl alcohol to Denmark, accounting for a 70% share of total imports. Moreover, denatured ethyl alcohol imports from Sweden exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden amounted to -25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.3% per year) and the Netherlands (-33.3% per year).

In value terms, Sweden ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Denmark, comprising 74% of total imports. The second position in the ranking was taken by Belgium ($X), with a 9.6% share of total imports. It was followed by France, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at -20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.2% per year) and France (-22.5% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, jumping by 30% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% 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 +51.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 62% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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