Belgium: Denatured Ethyl Alcohol Market 2023

Denatured Ethyl Alcohol Market Size in Belgium

In 2021, the Belgian denatured ethyl alcohol market decreased by -12.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption showed a pronounced setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Denatured Ethyl Alcohol Exports

Exports from Belgium

In 2021, overseas shipments of denatured ethyl alcohol and other denatured spirits increased by 19% to X tons, rising for the second consecutive year after five years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 643%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports soared to $X in 2021. Over the period under review, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 608% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for denatured ethyl alcohol exports from Belgium, with a 40% share of total exports. Moreover, denatured ethyl alcohol exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Ireland (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-3.1% per year) and Ireland (+15.0% per year).

In value terms, the largest markets for denatured ethyl alcohol exported from Belgium were Turkey ($X), Ireland ($X) and the Netherlands ($X), with a combined 61% share of total exports. These countries were followed by France, Sweden, Spain, Italy, South Korea, Germany and Portugal, which together accounted for a further 33%.

In terms of the main countries of destination, Sweden, with a CAGR of +185.1%, saw the highest rates of growth with regard to the value of exports, 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, rising by 20% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ireland ($X per ton), while the average price for exports to Turkey ($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 Ireland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports into Belgium

After three years of growth, purchases abroad of denatured ethyl alcohol and other denatured spirits decreased by -6.2% to X tons in 2021. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 71%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, denatured ethyl alcohol imports rose slightly to $X in 2021. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 65% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of denatured ethyl alcohol to Belgium, with a 62% share of total imports. Moreover, denatured ethyl alcohol imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+1,618.0% per year) and France (-0.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Belgium, comprising 63% of total imports. The second position in the ranking was held by South Africa ($X), with a 14% share of total imports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+1,775.8% per year) and France (-1.6% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per ton in 2021, rising by 8.4% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 17%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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