Report Update Nov 1, 2024

Ukraine - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights

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Ukraine: Ethanol Market 2024

Ethanol Market Size in Ukraine

The Ukrainian ethanol market shrank significantly to $X in 2022, dropping by -75% against the previous year. In general, consumption saw a significant decline. Ethanol consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ethanol Production in Ukraine

In value terms, ethanol production fell to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2021 when the production volume increased by 12% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ethanol Exports

Exports from Ukraine

Ethanol exports from Ukraine soared to X litres in 2022, growing by 121% compared with 2021 figures. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 507% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, ethanol exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 495%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Lithuania (X litres) was the main destination for ethanol exports from Ukraine, accounting for a 68% share of total exports. Moreover, ethanol exports to Lithuania exceeded the volume sent to the second major destination, Poland (X litres), fourfold. The third position in this ranking was held by Latvia (X litres), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania stood at +304.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+70.4% per year) and Latvia (+47.2% per year).

In value terms, Lithuania ($X) remains the key foreign market for ethyl alcohol exports from Ukraine, comprising 75% of total exports. The second position in the ranking was held by Poland ($X), with a 16% share of total exports. It was followed by Latvia, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to Lithuania totaled +318.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+64.7% per year) and Latvia (+49.6% per year).

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, rising by 15% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per litre), while the average price for exports to Latvia ($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 Moldova (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into Ukraine

In 2022, approx. X litres of ethyl alcohol were imported into Ukraine; declining by -99.6% against 2021 figures. Over the period under review, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2014 with an increase of 327% against the previous year. As a result, imports attained the peak of X litres. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ethanol imports shrank notably to $X in 2022. In general, imports saw a sharp decline. The pace of growth was the most pronounced in 2014 with an increase of 388%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Poland (X litres), Slovakia (X litres) and Germany (X litres) were the main suppliers of ethanol imports to Ukraine.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, Slovakia ($X) constituted the largest supplier of ethyl alcohol to Ukraine, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-53.0% per year) and Poland (+1.3% per year).

Import Prices by Country

In 2022, the average ethanol import price amounted to $X per litre, surging by 410% against the previous year. In general, the import price enjoyed a significant expansion. 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 Germany ($X per litre), while the price for Poland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+666.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethyl alcohol in the world?

The countries with the highest volumes of ethanol consumption in 2021 were Brazil, the United States and China, together accounting for 66% of global consumption. India, Canada, Pakistan and Indonesia lagged somewhat behind, together comprising a further 10%.

What are the largest producers of ethyl alcohol in the world?

The countries with the highest volumes of ethanol production in 2021 were Brazil, the United States and China, together accounting for 75% of global production.

What are the leading suppliers of ethyl alcohol to Ukraine?

In value terms, the Netherlands constituted the largest supplier of ethanol to Ukraine, comprising 54% of total imports. The second position in the ranking was occupied by Poland, with a 20% share of total imports. It was followed by Germany, with an 18% share.

What are the leading importers of ethyl alcohol from Ukraine?

In value terms, Lithuania remains the key foreign market for ethanol exports from Ukraine, comprising 83% of total exports. The second position in the ranking was occupied by Poland, with a 7.3% share of total exports. It was followed by Azerbaijan, with a 4.2% share.

What is the average export price for ethyl alcohol in Ukraine?

In 2021, the average ethanol export price amounted to $971 per ton, jumping by 29% against the previous year.

What is the average import price for ethyl alcohol in Ukraine?

In 2021, the average ethanol import price amounted to $1,474 per ton, jumping by 66% against the previous year.

This report provides an in-depth analysis of the ethanol market in Ukraine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength

Country coverage:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023