Hungary - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEthanol Price in Hungary - 2023
Contents:
- Ethanol Price in Hungary (FOB) - 2023
- Ethanol Price in Hungary (CIF) - 2022
- Ethanol Exports in Hungary
- Ethanol Imports in Hungary
Ethanol Price in Hungary (FOB) - 2023
In June 2023, the average ethanol export price amounted to $947 per thousand litres, picking up by 1.7% against the previous month. Over the period under review, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in January 2023 an increase of 22% against the previous month. Over the period under review, the average export prices attained the maximum at $1.1 per litre in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In June 2023, the highest price was recorded for prices to Italy ($1.0 per litre) and Austria ($991 per thousand litres), while the average price for exports to the Netherlands ($857 per thousand litres) and Romania ($860 per thousand litres) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Ethanol Price in Hungary (CIF) - 2022
The average ethanol import price stood at $1.1 per litre in 2022, jumping by 45% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol import price increased by +55.2% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 82%. Over the period under review, average import prices reached the maximum at $1.4 per litre in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($4.2 per litre), while the price for Slovakia ($1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Ethanol Exports in Hungary
After three years of growth, shipments abroad of ethyl alcohol decreased by -3.5% to 748M litres in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 181%. The exports peaked at 775M litres in 2021, and then reduced modestly in the following year.
In value terms, ethanol exports skyrocketed to $754M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ethanol in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 151 | 123 | 202 | 339 | 30.9% |
| Romania | 108 | 98.8 | 117 | 89.8 | -6.0% |
| Poland | 68.1 | 83.5 | 50.5 | 77.9 | 4.6% |
| Italy | 33.6 | 79.7 | 102 | 71.5 | 28.6% |
| Netherlands | 16.8 | 1.4 | 21.4 | 38.6 | 32.0% |
| Austria | 10.4 | 17.5 | 23.6 | 26.6 | 36.8% |
| Czech Republic | 35.4 | 5.3 | 4.7 | 25.1 | -10.8% |
| Slovakia | 4.5 | 7.0 | 11.3 | 23.7 | 74.0% |
| Bulgaria | 10.5 | 14.7 | 9.9 | 2.6 | -37.2% |
| Others | 24.4 | 45.2 | 41.3 | 59.3 | 34.4% |
| Total | 462 | 476 | 584 | 754 | 17.7% |
Top Export Markets for Ethanol from Hungary in 2022:
- Germany (332.4M litres)
- Romania (92.7M litres)
- Italy (84.9M litres)
- Poland (78.3M litres)
- Netherlands (37.7M litres)
- Slovakia (25.9M litres)
- Austria (25.5M litres)
- Czech Republic (23.6M litres)
- Bulgaria (1.7M litres)
Ethanol Imports in Hungary
In 2022, ethanol imports into Hungary surged to 49M litres, with an increase of 18% on the previous year's figure. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, ethanol imports skyrocketed to $55M in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ethanol in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 45.4 | 29.7 | 31.2 | 44.1 | -1.0% |
| Austria | N/A | 0.8 | 0.1 | 7.3 | 202.1% |
| Moldova | N/A | N/A | N/A | 2.9 | 0% |
| Others | 2.3 | 3.0 | 0.7 | 0.7 | -32.7% |
| Total | 47.7 | 33.5 | 31.9 | 54.9 | 4.8% |
Top Suppliers of Ethanol to Hungary in 2022:
- Slovakia (45.0M litres)
- Moldova (2.0M litres)
- Austria (1.7M litres)
This report provides an in-depth analysis of the ethanol market in Hungary. 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:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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