Spain: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Spain

The Spanish denatured ethyl alcohol market contracted markedly to $X in 2021, with a decrease of -26.4% against the previous year. In general, consumption continues to indicate a mild curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Denatured Ethyl Alcohol Production in Spain

In value terms, denatured ethyl alcohol production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, showed a slight slump. The pace of growth appeared the most rapid in 2017 with an increase of 22%. Denatured ethyl alcohol production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Denatured Ethyl Alcohol Exports

Exports from Spain

For the fifth year in a row, Spain recorded growth in overseas shipments of denatured ethyl alcohol and other denatured spirits, which increased by 337% to X tons in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 600% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, denatured ethyl alcohol exports surged to $X in 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Greece (X tons), Portugal (X tons) and France (X tons) were the main destinations of denatured ethyl alcohol exports from Spain, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +30.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for denatured ethyl alcohol exported from Spain were Greece ($X), Portugal ($X) and France ($X), with a combined 99% share of total exports.

Portugal, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average denatured ethyl alcohol export price amounted to $X per ton, picking up by 4.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 47%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Portugal ($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 Sweden (+167.7%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Spain

In 2021, after two years of growth, there was significant decline in supplies from abroad of denatured ethyl alcohol and other denatured spirits, when their volume decreased by -42.2% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 90%. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, denatured ethyl alcohol imports shrank dramatically to $X in 2021. Over the period under review, imports, however, showed a perceptible expansion. The growth pace was the most rapid in 2020 with an increase of 170% against the previous year. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

France (X tons), Pakistan (X tons) and Bulgaria (X tons) were the main suppliers of denatured ethyl alcohol imports to Spain, with a combined 80% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +3,035.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest denatured ethyl alcohol suppliers to Spain were Pakistan ($X), France ($X) and China ($X), together comprising 78% of total imports. These countries were followed by Bulgaria, Portugal, Belgium and the Netherlands, which together accounted for a further 19%.

Among the main suppliers, Bulgaria, with a CAGR of +1,666.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, increasing by 6.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 42% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+64.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :