Report Update Nov 1, 2024

Hungary - Denatured Ethyl Alcohol and Other Denatured Spirits - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Hungary

The Hungarian denatured ethyl alcohol market stood at $X in 2021, surging by 4.3% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.2% against 2019 indices. Denatured ethyl alcohol consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Denatured Ethyl Alcohol Production in Hungary

In value terms, denatured ethyl alcohol production rose markedly to $X in 2021 estimated in export price. Overall, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 66% against the previous year. Over the period under review, production reached the peak level in 2021 and is likely to continue growth in years to come.

Denatured Ethyl Alcohol Exports

Exports from Hungary

In 2021, denatured ethyl alcohol exports from Hungary rose notably to X tons, increasing by 9.9% compared with the previous year's figure. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 332%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports surged to $X in 2021. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2014 with an increase of 237%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), Germany (X tons) and Bulgaria (X tons) were the main destinations of denatured ethyl alcohol exports from Hungary, together comprising 50% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +29.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Bulgaria ($X) constituted the largest markets for denatured ethyl alcohol exported from Hungary worldwide, together comprising 50% of total exports.

Italy, with a CAGR of +27.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, increasing by 6.4% against the previous year. Overall, the export price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Germany ($X per ton) and Italy ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+0.2%), while the prices for the other major destinations experienced a decline.

Denatured Ethyl Alcohol Imports

Imports into Hungary

For the third year in a row, Hungary recorded decline in supplies from abroad of denatured ethyl alcohol and other denatured spirits, which decreased by -2.4% to X tons in 2021. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 17%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, denatured ethyl alcohol imports expanded notably to $X in 2021. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 14%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Slovakia (X tons) was the main supplier of denatured ethyl alcohol to Hungary, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Slovakia amounted to -8.3%.

In value terms, Slovakia ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Hungary.

From 2012 to 2021, the average annual growth rate of value from Slovakia amounted to -10.1%.

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, with an increase of 8.4% against the previous year. In general, the import price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Slovakia.

From 2012 to 2021, the rate of growth in terms of prices for Slovakia amounted to -1.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for denatured ethyl alcohol and other denatured spirits in the world?

The countries with the highest volumes of denatured ethyl alcohol consumption in 2020 were China, the United States and Japan, with a combined 29% share of global consumption. India, Russia, Pakistan, Brazil, Canada, the Netherlands, Indonesia, the UK, Mexico and Nigeria lagged somewhat behind, together comprising a further 30%.

What are the largest producers of denatured ethyl alcohol and other denatured spirits in the world?

The countries with the highest volumes of denatured ethyl alcohol production in 2020 were the United States, China and Japan, with a combined 48% share of global production.

What are the leading suppliers of denatured ethyl alcohol and other denatured spirits to Hungary?

In value terms, Slovakia constituted the largest supplier of denatured ethyl alcohol to Hungary.

What are the leading importers of denatured ethyl alcohol and other denatured spirits from Hungary?

In value terms, Germany, Italy and Slovenia were the largest markets for denatured ethyl alcohol exported from Hungary worldwide, with a combined 43% share of total exports. These countries were followed by Bulgaria, Croatia, Poland, Austria and Slovakia, which together accounted for a further 40%.

What is the average export price for denatured ethyl alcohol and other denatured spirits in Hungary?

In 2020, the average denatured ethyl alcohol export price amounted to $865 per ton, increasing by 19% against the previous year.

What is the average import price for denatured ethyl alcohol and other denatured spirits in Hungary?

In 2020, the average denatured ethyl alcohol import price amounted to $836 per ton, with a decrease of -8.5% against the previous year.

This report provides an in-depth analysis of the denatured ethyl alcohol market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023