Slovenia: Ethanal Market 2024

Ethanal Market Size in Slovenia

The Slovene ethanal market shrank to $X in 2022, declining by -5.3% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Ethanal consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ethanal Production in Slovenia

In value terms, ethanal production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 8.7% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Ethanal Exports

Exports from Slovenia

In 2022, overseas shipments of ethanal (acetaldehyde) increased by 28,905% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a precipitous curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ethanal exports soared to $X in 2022. Over the period under review, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 4,444%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for ethanal exports from Slovenia, accounting for a 66% share of total exports. Moreover, ethanal exports to the Netherlands exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. The UK (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +24,718.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and the UK (0.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for ethanal (acetaldehyde) exports from Slovenia, comprising 57% of total exports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total exports. It was followed by the UK, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +1,698.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and the UK (0.0% per year).

Export Prices by Country

In 2022, the average ethanal export price amounted to $X per ton, with a decrease of -91.8% against the previous year. In general, the export price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2014 an increase of 1,890%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+346.6%), while the prices for the other major destinations experienced mixed trend patterns.

Ethanal Imports

Imports into Slovenia

In 2022, approx. X tons of ethanal (acetaldehyde) were imported into Slovenia; rising by 43% against the previous year. Overall, imports, however, continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 104% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, ethanal imports totaled $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 82% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of ethanal to Slovenia, accounting for a 69% share of total imports. Moreover, ethanal imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold. The third position in this ranking was held by France (X kg), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+76.8% per year) and France (-48.6% per year).

In value terms, the largest ethanal suppliers to Slovenia were the United States ($X), the UK ($X) and France ($X), together accounting for 91% of total imports.

Among the main suppliers, the United States, with a CAGR of +89.5%, recorded the highest rates of growth with regard to 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 ethanal import price stood at $X per ton in 2022, which is down by -30% against the previous year. In general, the import price, however, saw buoyant growth. The growth pace was the most rapid in 2018 when the average import price increased by 94% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform