Eastern Europe: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Eastern Europe

The East European denatured ethyl alcohol market expanded significantly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Denatured Ethyl Alcohol Production in Eastern Europe

In value terms, denatured ethyl alcohol production rose notably to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Denatured Ethyl Alcohol Exports

Exports in Eastern Europe

In 2022, exports of denatured ethyl alcohol and other denatured spirits in Eastern Europe expanded notably to X litres, surging by X% on the previous year. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X litres in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, denatured ethyl alcohol exports skyrocketed to $X in 2022. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Poland (X litres), Hungary (X litres) and Russia (X litres) was the main exporter of denatured ethyl alcohol and other denatured spirits in Eastern Europe, committing X% of total export. The following exporters - Ukraine (X litres), Bulgaria (X litres) and Lithuania (X litres) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Ukraine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest denatured ethyl alcohol supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and Russia ($X), together comprising X% of total exports. Bulgaria, Ukraine and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Ukraine, with a CAGR of X%, recorded the highest growth rate of 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 2022, the export price in Eastern Europe amounted to $X per litre, picking up by X% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, denatured ethyl alcohol export price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per litre), while Ukraine ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Denatured Ethyl Alcohol Imports

Imports in Eastern Europe

In 2022, overseas purchases of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, continue to indicate a pronounced increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X litres in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports reduced to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

The Czech Republic was the key importer of denatured ethyl alcohol and other denatured spirits in Eastern Europe, with the volume of imports resulting at X litres, which was approx. X% of total imports in 2022. Hungary (X litres) held the second position in the ranking, followed by Romania (X litres), Poland (X litres) and Lithuania (X litres). All these countries together held near X% share of total imports. Latvia (X litres) and Slovakia (X litres) took a minor share of total imports.

Imports into the Czech Republic increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Poland (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Latvia (X%), Lithuania (X%) and Hungary (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Latvia, Lithuania and Hungary saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) constitutes the largest market for imported denatured ethyl alcohol and other denatured spirits in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Romania, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per litre, surging by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, denatured ethyl alcohol import price increased by X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Lithuania ($X per litre) and Poland ($X per litre), while Romania ($X per litre) and Latvia ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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