EU: Ethanal Market 2024

Ethanal Market Size in the EU

For the third year in a row, the EU ethanal market recorded growth in sales value, which increased by 5.8% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Ethanal Production in the EU

In value terms, ethanal production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight curtailment. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Ethanal Exports

Exports in the EU

In 2022, ethanal exports in the European Union dropped slightly to X tons, therefore, remained relatively stable against the previous year. Total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 47%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ethanal exports rose markedly to $X in 2022. Total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Germany (X tons) was the key exporter of ethanal (acetaldehyde) in the European Union, constituting 100% of total export.

Germany was also the fastest-growing in terms of the ethanal (acetaldehyde) exports, with a CAGR of +1.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) also remains the largest ethanal supplier in the European Union.

In Germany, ethanal exports increased at an average annual rate of +1.5% over the period from 2012-2022.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, growing by 15% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 20% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +0.1% per year.

Ethanal Imports

Imports in the EU

In 2022, ethanal imports in the European Union shrank to X tons, reducing by -6.7% against 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 60% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, ethanal imports expanded to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 49%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X tons), Spain (X tons) and Germany (X tons) represented the main importer of ethanal (acetaldehyde) in the European Union, creating 94% of total import. Austria (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Germany (with a CAGR of +14.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) constituted the countries with the highest levels of imports in 2022, with a combined 89% share of total imports.

Among the main importing countries, Germany, with a CAGR of +12.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by 10% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by 23%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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