EU: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in the EU

After three years of growth, the EU denatured ethyl alcohol market decreased by -18.8% to $X in 2021. Overall, consumption saw a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Denatured Ethyl Alcohol Production in the EU

In value terms, denatured ethyl alcohol production declined to $X in 2021 estimated in export price. Overall, production showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 35%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports in the EU

In 2021, after two years of growth, there was significant decline in overseas shipments of denatured ethyl alcohol and other denatured spirits, when their volume decreased by -14.5% to X tons. Total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +64.4% against 2018 indices. The pace of growth was the most pronounced in 2015 when exports increased by 50% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports shrank to $X in 2021. Over the period under review, exports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

The Netherlands (X tons), France (X tons), Spain (X tons), Poland (X tons), Hungary (X tons), Belgium (X tons) and Germany (X tons) represented roughly 93% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +31.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest denatured ethyl alcohol supplying countries in the European Union were the Netherlands ($X), France ($X) and Spain ($X), together comprising 55% of total exports.

Spain, with a CAGR of +29.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, picking up by 3.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 28%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Spain ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the other leaders experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports in the EU

In 2021, after three years of growth, there was significant decline in purchases abroad of denatured ethyl alcohol and other denatured spirits, when their volume decreased by -38.3% to X tons. Overall, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2019 when imports increased by 85%. Over the period under review, imports reached the peak figure at X tons in 2020, and then fell significantly in the following year.

In value terms, denatured ethyl alcohol imports shrank significantly to $X in 2021. In general, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2020 with an increase of 86% against the previous year. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

The countries with the highest levels of denatured ethyl alcohol imports in 2021 were the Netherlands (X tons), Germany (X tons), Belgium (X tons), the Czech Republic (X tons) and Finland (X tons), together recording 73% of total import. It was distantly followed by Greece (X tons), creating a 5% share of total imports. Spain (X tons), France (X tons), Hungary (X tons), Sweden (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +38.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest denatured ethyl alcohol importing markets in the European Union were the Netherlands ($X), Germany ($X) and the Czech Republic ($X), together accounting for 49% of total imports. These countries were followed by Greece, Belgium, Finland, Spain, Sweden, Italy, France and Hungary, which together accounted for a further 42%.

Greece, with a CAGR of +52.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 30% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Greece ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :