Europe: Ethanal Market 2024

Ethanal Market Size in Europe

For the sixth year in a row, the Europe ethanal market recorded growth in sales value, which increased by 7.2% to $X in 2022. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 9.3%. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Ethanal Production in Europe

In value terms, ethanal production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ethanal Exports

Exports in Europe

In 2022, ethanal exports in Europe contracted modestly to X tons, approximately mirroring the year before. Overall, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ethanal exports rose significantly to $X in 2022. In general, exports showed a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany dominates exports structure, finishing at X tons, which was near 94% of total exports in 2022. It was distantly followed by Russia (X tons), constituting a 5.9% share of total exports.

Germany was also the fastest-growing in terms of the ethanal (acetaldehyde) exports, with a CAGR of +1.4% from 2012 to 2022. Russia (-14.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany increased by +27 percentage points.

In value terms, Germany ($X) remains the largest ethanal supplier in Europe, comprising 87% of total exports. The second position in the ranking was held by Russia ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +1.5%.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, growing by 14% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.6%).

Ethanal Imports

Imports in Europe

In 2022, purchases abroad of ethanal (acetaldehyde) increased by 20% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 66% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, ethanal imports surged to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +62.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 54%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of ethanal imports in 2022 were France (X tons), Spain (X tons), Germany (X tons) and Norway (X tons), together amounting to 88% of total import. It was distantly followed by Switzerland (X tons), achieving a 6.2% share of total imports. The following importers - Austria (X tons) and the UK (X tons) - together made up 4.5% of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +41.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 63% share of total imports. Spain, Switzerland, the UK and Austria lagged somewhat behind, together comprising a further 33%.

In terms of the main importing countries, the UK, with a CAGR of +17.9%, recorded the highest growth rate of the value of imports, 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 Europe stood at $X per ton in 2022, picking up by 8.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2019 an increase of 23%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform