Italy: Ethanol Market 2024

Ethanol Market Size in Italy

The Italian ethanol market soared to $X in 2022, growing by 17% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ethanol Production in Italy

In value terms, ethanol production shrank slightly to $X in 2022 estimated in export price. In general, production saw a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 10%. Ethanol production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Ethanol Exports

Exports from Italy

In 2022, approx. X litres of ethyl alcohol were exported from Italy; approximately mirroring the year before. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.1% against 2018 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 59%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, ethanol exports skyrocketed to $X in 2022. In general, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +109.5% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 42%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

France (X litres) was the main destination for ethanol exports from Italy, accounting for a 51% share of total exports. Moreover, ethanol exports to France exceeded the volume sent to the second major destination, Switzerland (X litres), twofold. The third position in this ranking was taken by Spain (X litres), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+46.9% per year) and Spain (-1.6% per year).

In value terms, France ($X) remains the key foreign market for ethyl alcohol exports from Italy, comprising 51% of total exports. The second position in the ranking was held by Switzerland ($X), with a 20% share of total exports. It was followed by Spain, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+43.1% per year) and Spain (-2.3% per year).

Export Prices by Country

The average ethanol export price stood at $X per litre in 2022, jumping by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per litre in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per litre), while the average price for exports to Japan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Ethanol Imports

Imports into Italy

In 2022, supplies from abroad of ethyl alcohol decreased by -15.3% to X litres for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 60% against the previous year. Imports peaked at X litres in 2021, and then shrank sharply in the following year.

In value terms, ethanol imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 86% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Pakistan (X litres), Hungary (X litres) and the Netherlands (X litres) were the main suppliers of ethanol imports to Italy, together comprising 64% of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +44.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethanol suppliers to Italy were Pakistan ($X), Hungary ($X) and the Netherlands ($X), together comprising 60% of total imports.

Pakistan, with a CAGR of +45.1%, saw the highest growth rate of the value of imports, among the main suppliers 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, surging by 55% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($X per litre), while the price for Sudan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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