Finland: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Finland

In 2021, the Finnish denatured ethyl alcohol market increased by 11% to $X, rising for the sixth consecutive year after three years of decline. In general, consumption posted a buoyant expansion. Denatured ethyl alcohol consumption peaked in 2021 and is likely to see steady growth in the near future.

Denatured Ethyl Alcohol Production in Finland

In value terms, denatured ethyl alcohol production contracted sharply to $X in 2021 estimated in export price. In general, production recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 154% against the previous year. Denatured ethyl alcohol production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports from Finland

In 2013, denatured ethyl alcohol exports from Finland fell sharply to X tons, shrinking by -43.4% against 2012 figures. Overall, exports faced a precipitous contraction. Over the period under review, the exports attained the peak figure at X tons in 2012, and then reduced markedly in the following year.

In value terms, denatured ethyl alcohol exports dropped remarkably to $X in 2013. Over the period under review, exports showed a sharp decrease. Over the period under review, the exports hit record highs at $X in 2012, and then declined remarkably in the following year.

Exports by Country

Lithuania (X tons) was the main destination for denatured ethyl alcohol exports from Finland, accounting for a 79% share of total exports. Moreover, denatured ethyl alcohol exports to Lithuania exceeded the volume sent to the second major destination, Sweden (X tons), ninefold. The third position in this ranking was held by the Netherlands (X kg), with a 3.4% share.

From 2012 to 2013, the average annual rate of growth in terms of volume to Lithuania amounted to -45.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-16.0% per year) and the Netherlands (-75.8% per year).

In value terms, Lithuania ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Finland, comprising 72% of total exports. The second position in the ranking was held by Sweden ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 4.3% share.

From 2012 to 2013, the average annual rate of growth in terms of value to Lithuania stood at -22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+3.2% per year) and the Netherlands (-65.4% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2013, with an increase of 23% against the previous year. Over the period from 2012 to 2013, it increased at an average annual rate of +23.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2013, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+45.4%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Finland

For the fourth consecutive year, Finland recorded growth in supplies from abroad of denatured ethyl alcohol and other denatured spirits, which increased by 5.1% to X tons in 2021. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 12,446%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, denatured ethyl alcohol imports surged to $X in 2021. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 6,774%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the main denatured ethyl alcohol supplier to Finland, with a 98% share of total imports. It was followed by Russia (X tons), with a 0.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +49.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-10.1% per year) and the Netherlands (-43.2% per year).

In value terms, the United States ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Finland, comprising 98% of total imports. The second position in the ranking was taken by Russia ($X), with a 1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-6.5% per year) and the Netherlands (-38.0% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, surging by 14% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($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 Netherlands (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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