EU: Ethanol Market 2024

Ethanol Market Size in the EU

The EU ethanol market skyrocketed to $X in 2022, growing by 45% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ethanol Production in the EU

In value terms, ethanol production contracted slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2021, and then dropped in the following year.

Ethanol Exports

Exports in the EU

In 2022, ethanol exports in the European Union reached X litres, therefore, remained relatively stable against the year before. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +30.1% against 2015 indices. The pace of growth appeared the most rapid in 2015 with an increase of 26% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, ethanol exports skyrocketed to $X in 2022. In general, exports saw buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 29% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The Netherlands represented the major exporter of ethyl alcohol in the European Union, with the volume of exports reaching X litres, which was near 33% of total exports in 2022. Hungary (X litres) ranks second in terms of the total exports with a 12% share, followed by France (11%), Belgium (10%), Germany (8.8%), Spain (6%) and Poland (4.9%).

Exports from the Netherlands increased at an average annual rate of +10.4% from 2012 to 2022. At the same time, Poland (+25.9%), Hungary (+9.8%), Spain (+7.7%), Germany (+7.5%) and Belgium (+3.1%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +25.9% from 2012-2022. By contrast, France (-4.9%) illustrated a downward trend over the same period. The Netherlands (+12 p.p.), Poland (+4.1 p.p.), Hungary (+3.9 p.p.) and Germany (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Belgium and France saw its share reduced by -2.7% and -20.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest ethanol supplier in the European Union, comprising 33% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at +12.1%. The remaining exporting countries recorded the following average annual rates of exports growth: France (-2.4% per year) and Hungary (+13.1% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per litre, increasing by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per litre) and Spain ($X per litre), while Hungary ($X per litre) and Germany ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.0%), while the other leaders experienced more modest paces of growth.

Ethanol Imports

Imports in the EU

Ethanol imports skyrocketed to X litres in 2022, increasing by 22% against the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +108.8% against 2014 indices. The growth pace was the most rapid in 2019 when imports increased by 24%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, ethanol imports surged to $X in 2022. Overall, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X litres), distantly followed by Germany (X litres), France (X litres), Sweden (X litres) and Belgium (X litres) were the major importers of ethyl alcohol, together achieving 72% of total imports. Italy (X litres), Denmark (X litres), Greece (X litres), Spain (X litres), Romania (X litres), Poland (X litres), Finland (X litres) and the Czech Republic (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined 62% share of total imports. These countries were followed by Sweden, Belgium, Greece, Italy, Denmark, Romania, Spain, Finland, Poland and the Czech Republic, which together accounted for a further 32%.

Greece, with a CAGR of +25.8%, saw the highest rates of growth with regard to 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

The import price in the European Union stood at $X per litre in 2022, rising by 23% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol import price increased by +64.2% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Greece ($X per litre) and Finland ($X per litre), while Belgium ($X per litre) and Italy ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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