Romania: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Romania

In 2021, the Romanian denatured ethyl alcohol market increased by 36% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption continues to indicate buoyant growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Denatured Ethyl Alcohol Production in Romania

In value terms, denatured ethyl alcohol production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 191%. As a result, production reached the peak level of $X, and then contracted significantly in the following year.

Denatured Ethyl Alcohol Exports

Exports from Romania

In 2021, overseas shipments of denatured ethyl alcohol and other denatured spirits decreased by -84.8% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 849%. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, denatured ethyl alcohol exports declined significantly to $X in 2021. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 981%. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

The UK (X tons) was the main destination for denatured ethyl alcohol exports from Romania, accounting for a 69% share of total exports. Moreover, denatured ethyl alcohol exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Italy (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +58.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.1% per year) and Italy (+29.4% per year).

In value terms, the UK ($X) remains the key foreign market for denatured ethyl alcohol and other denatured spirits exports from Romania, comprising 61% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by Italy, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +63.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+22.9% per year) and Italy (+42.1% per year).

Export Prices by Country

The average denatured ethyl alcohol export price stood at $X per ton in 2021, with an increase of 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2020 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Antigua and Barbuda ($X per ton), while the average price for exports to the UK ($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 the Netherlands (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Romania

For the fourth consecutive year, Romania recorded growth in overseas purchases of denatured ethyl alcohol and other denatured spirits, which increased by 176% to X tons in 2021. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,112%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, denatured ethyl alcohol imports surged to $X in 2021. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 351%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons) constituted the largest denatured ethyl alcohol supplier to Romania, with a 89% share of total imports. Moreover, denatured ethyl alcohol imports from Hungary exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Hungary amounted to +219.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+16.7% per year) and Moldova (+85.4% per year).

In value terms, Hungary ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Romania, comprising 80% of total imports. The second position in the ranking was taken by Bulgaria ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Hungary totaled +180.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+29.3% per year) and Moldova (+84.7% per year).

Import Prices by Country

In 2021, the average denatured ethyl alcohol import price amounted to $X per ton, dropping by -38% against the previous year. Over the period under review, the import price saw a dramatic shrinkage. The growth pace was the most rapid in 2015 an increase of 71%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Bulgaria ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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