Italy: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Italy

The Italian denatured ethyl alcohol market declined rapidly to $X in 2021, with a decrease of -27.1% against the previous year. Overall, consumption saw a abrupt downturn. Denatured ethyl alcohol consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Denatured Ethyl Alcohol Production in Italy

In value terms, denatured ethyl alcohol production fell remarkably to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 474%. As a result, production attained the peak level of $X, and then contracted sharply in the following year.

Denatured Ethyl Alcohol Exports

Exports from Italy

In 2021, shipments abroad of denatured ethyl alcohol and other denatured spirits decreased by -54.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 75% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports fell rapidly to $X in 2021. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of 113%. The exports peaked at $X in 2020, and then reduced dramatically in the following year.

Exports by Country

Switzerland (X tons) was the main destination for denatured ethyl alcohol exports from Italy, with a 79% share of total exports. Moreover, denatured ethyl alcohol exports to Switzerland exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), ninefold. Malta (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Switzerland totaled +90.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-14.9% per year) and Malta (+19.8% per year).

In value terms, Switzerland ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Italy, comprising 72% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 8.2% share of total exports. It was followed by France, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland amounted to +54.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (-14.5% per year) and France (+2.3% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, which is down by -14.1% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, denatured ethyl alcohol export price increased by +25.9% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 91%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Italy

In 2021, denatured ethyl alcohol imports into Italy shrank notably to X tons, dropping by -37.2% against the previous year's figure. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 76% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol imports reduced dramatically to $X in 2021. Overall, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 110% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest denatured ethyl alcohol supplier to Italy, with a 54% share of total imports. Moreover, denatured ethyl alcohol imports from Hungary exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary totaled +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.3% per year) and the Netherlands (-0.4% per year).

In value terms, the largest denatured ethyl alcohol suppliers to Italy were Hungary ($X), Belgium ($X) and the Netherlands ($X), with a combined 88% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +28.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 19% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the UK ($X per ton) and Belgium ($X per ton), while the price for Hungary ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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