Ireland: Ethanol Market 2024

Ethanol Market Size in Ireland

The Irish ethanol market amounted to $X in 2022, almost unchanged from the previous year. In general, the total consumption indicated strong growth 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, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Ethanol Production in Ireland

In value terms, ethanol production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Ethanol production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Ethanol Exports

Exports from Ireland

In 2022, overseas shipments of ethyl alcohol increased by X% to X litres, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X litres in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, ethanol exports contracted to $X in 2022. Overall, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X litres) was the main destination for ethanol exports from Ireland, accounting for a X% share of total exports. Moreover, ethanol exports to the UK exceeded the volume sent to the second major destination, France (X litres), twofold. Switzerland (X litres) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Switzerland (X% per year).

In value terms, the largest markets for ethanol exported from Ireland were the UK ($X), Switzerland ($X) and France ($X), together accounting for X% of total exports.

Among the main countries of destination, Switzerland, 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

The average ethanol export price stood at $X per litre in 2022, shrinking by X% against the previous year. Over the period under review, the export price, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2021, and then declined rapidly in the following year.

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

Ethanol Imports

Imports into Ireland

In 2022, approx. X litres of ethyl alcohol were imported into Ireland; picking up by X% compared with the previous year's figure. Over the period under review, total imports indicated a modest increase 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 increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X litres. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, ethanol imports surged to $X in 2022. In general, total imports indicated a mild increase 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, France (X litres) constituted the largest ethanol supplier to Ireland, with a X% share of total imports. Moreover, ethanol imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X litres), twofold. The third position in this ranking was taken by the UK (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, the largest ethanol suppliers to Ireland were France ($X), the Netherlands ($X) and the UK ($X), together comprising X% of total imports.

In terms of the main suppliers, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average ethanol import price amounted to $X per litre, with an increase of X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Spain ($X per litre), while the price for France ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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