Eastern Europe: Ethanol Market 2024

Ethanol Market Size in Eastern Europe

The East European ethanol market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ethanol Production in Eastern Europe

In value terms, ethanol production soared to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Ethanol Exports

Exports in Eastern Europe

In 2022, overseas shipments of ethyl alcohol decreased by X% to X litres, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X litres in 2020; afterwards, it flattened through to 2022.

In value terms, ethanol exports surged to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Hungary was the key exporter of ethyl alcohol in Eastern Europe, with the volume of exports amounting to X litres, which was approx. X% of total exports in 2022. Poland (X litres) took the second position in the ranking, distantly followed by Slovakia (X litres), Russia (X litres) and Bulgaria (X litres). All these countries together took approx. X% share of total exports. Ukraine (X litres) and Moldova (X litres) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ethanol exports from Hungary stood at X%. At the same time, Moldova (X%), Ukraine (X%), Poland (X%), Bulgaria (X%), Russia (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Poland (X p.p.), Hungary (X p.p.), Ukraine (X p.p.) and Moldova (X p.p.) significantly strengthened its position in terms of the total exports, while Slovakia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) remains the largest ethanol supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Hungary stood at X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Slovakia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per litre in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per litre) and Bulgaria ($X per litre), while Slovakia ($X per litre) and Russia ($X per litre) were amongst the lowest.

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

Ethanol Imports

Imports in Eastern Europe

In 2022, the amount of ethyl alcohol imported in Eastern Europe expanded modestly to X litres, with an increase of X% against the year before. Total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. The volume of import peaked at X litres in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ethanol imports skyrocketed to $X in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Romania (X litres) and Poland (X litres) were the key importers of ethyl alcohol in Eastern Europe, together achieving X% of total imports. The Czech Republic (X litres) took the next position in the ranking, followed by Lithuania (X litres), Hungary (X litres) and Slovakia (X litres). All these countries together took approx. X% share of total imports. Latvia (X litres) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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 a mild 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, ethanol import price increased by X% against 2016 indices. As a result, import price attained 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 the Czech Republic ($X per litre) and Latvia ($X per litre), while Slovakia ($X per litre) and Romania ($X per litre) were amongst the lowest.

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

Source: IndexBox Platform

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