France: Ethanol Market 2024

Ethanol Market Size in France

The French ethanol market soared to $X in 2022, with an increase of 62% against the previous year. Over the period under review, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ethanol Production in France

In value terms, ethanol production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 6.3% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Ethanol Exports

Exports from France

In 2022, shipments abroad of ethyl alcohol decreased by -12.2% to X litres, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of 17%. As a result, the exports attained the peak of X litres. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ethanol exports expanded slightly to $X in 2022. In general, exports recorded a noticeable decrease. The pace of growth was the most pronounced in 2020 when exports increased by 9.2%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X litres), the Netherlands (X litres) and the UK (X litres) were the main destinations of ethanol exports from France, together accounting for 54% of total exports. These countries were followed by Belgium, Spain, Italy, Sweden, Ireland, Norway, Turkey and Cote d'Ivoire, which together accounted for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +53.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethanol exported from France were the Netherlands ($X), Germany ($X) and the UK ($X), together comprising 55% of total exports. Belgium, Spain, Sweden, Italy, Norway, Ireland, Turkey and Cote d'Ivoire lagged somewhat behind, together comprising a further 34%.

In terms of the main countries of destination, Turkey, with a CAGR of +57.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, jumping by 19% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol export price increased by +44.8% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 26%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per litre) and the UK ($X per litre), while the average price for exports to Cote d'Ivoire ($X per litre) and Germany ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into France

In 2022, overseas purchases of ethyl alcohol increased by 31% to X litres, rising for the seventh year in a row after two years of decline. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ethanol imports soared to $X in 2022. In general, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X litres), Spain (X litres) and Belgium (X litres) were the main suppliers of ethanol imports to France, with a combined 72% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +32.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethanol suppliers to France were the Netherlands ($X), Spain ($X) and Belgium ($X), together comprising 72% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +35.0%, 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

In 2022, the average ethanol import price amounted to $X per litre, increasing by 28% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 +99.0% against 2016 indices. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per litre), while the price for the United States ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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