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Estonia - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEthanol Price in Estonia - 2023
Contents:
- Ethanol Price in Estonia (CIF) - 2023
- Ethanol Price in Estonia (FOB) - 2022
- Ethanol Imports in Estonia
- Ethanol Exports in Estonia
Ethanol Price in Estonia (CIF) - 2023
In September 2023, the average ethanol import price amounted to $1.0 per litre, reducing by -9.6% against the previous month. Over the period under review, the import price saw a slight contraction. The most prominent rate of growth was recorded in May 2023 an increase of 10% m-o-m. The import price peaked at $1.3 per litre in December 2022; however, from January 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($138 per litre), while the price for Latvia ($471 per thousand litres) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Ethanol Price in Estonia (FOB) - 2022
The average ethanol export price stood at $2.5 per litre in 2022, surging by 64% against the previous year. Over the period under review, the export price recorded buoyant growth. The growth pace was the most rapid in 2020 when the average export price increased by 196%. As a result, the export price reached the peak level of $3.5 per litre. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($2.6 per litre), while the average price for exports to Finland stood at $2.5 per litre.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.
Ethanol Imports in Estonia
In 2022, approx. 6.7M litres of ethyl alcohol were imported into Estonia; picking up by 8.8% against the year before. Overall, imports showed moderate growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,299% against the previous year. As a result, imports reached the peak of 86M litres. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, ethanol imports surged to $7.9M in 2022. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,168% against the previous year. As a result, imports attained the peak of $62M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Ethanol in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 1.0 | 2.1 | 0.5 | 1.7 | 19.3% |
Poland | N/A | 0.4 | 0.7 | 1.2 | 73.2% |
Belgium | 0.4 | 2.0 | 1.5 | 1.2 | 44.2% |
Sweden | N/A | N/A | N/A | 1.0 | 0% |
Latvia | 1.7 | 51.5 | 1.4 | 1.0 | -16.2% |
Belarus | N/A | 3.1 | 1.2 | 0.7 | -52.5% |
Netherlands | N/A | N/A | N/A | 0.5 | 0% |
Lithuania | 1.0 | 1.3 | 0.2 | 0.2 | -41.5% |
Others | 0.6 | 1.7 | 0.2 | 0.3 | -20.6% |
Total | 4.9 | 62.2 | 5.7 | 7.9 | 17.3% |
Top Suppliers of Ethanol to Estonia in 2022:
- Finland (1385.7K litres)
- Belgium (993.9K litres)
- Poland (948.1K litres)
- Latvia (936.7K litres)
- Belarus (820.8K litres)
- Sweden (743.6K litres)
- Netherlands (417.6K litres)
- Lithuania (182.7K litres)
Ethanol Exports in Estonia
In 2022, shipments abroad of ethyl alcohol decreased by -24.1% to 180K litres, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a sharp decrease. The growth pace was the most rapid in 2020 when exports increased by 2,403%. As a result, the exports reached the peak of 22M litres. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ethanol exports skyrocketed to $454K in 2022. In general, exports saw a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 7,316%. As a result, the exports attained the peak of $78M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Ethanol in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Finland | 0.3 | 0.5 | 0.4 | 0.4 | 10.1% |
Switzerland | 0.1 | 0.8 | N/A | N/A | 700.0% |
Latvia | 0.7 | 0.9 | N/A | N/A | 28.6% |
United Kingdom | N/A | 75.4 | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.0 | 77.6 | 0.4 | 0.5 | -20.6% |
Top Export Markets for Ethanol from Estonia in 2022:
- Finland (176.8K litres)
- Latvia (2.9K litres)
This report provides an in-depth analysis of the ethanol market in Estonia. 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:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- 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
This report provides an in-depth analysis of the ethanol market in Estonia.
This report provides an in-depth analysis of the denatured ethyl alcohol market in Estonia.
This report provides an in-depth analysis of the global ethanol market.
This report provides an in-depth analysis of the global denatured ethyl alcohol market.
This report provides an in-depth analysis of the ethanol market in Estonia.
This report provides an in-depth analysis of the denatured ethyl alcohol market in Estonia.
This report provides an in-depth analysis of the global ethanol market.
This report provides an in-depth analysis of the global denatured ethyl alcohol market.
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