Europe: Ethanal Market 2024

Ethanal Market Size in Europe

The Europe ethanal market soared to $X in 2023, rising by X% against the previous year. In general, consumption enjoyed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ethanal Production in Europe

In value terms, ethanal production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production posted a buoyant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Ethanal Exports

Exports in Europe

In 2023, the amount of ethanal (acetaldehyde) exported in Europe dropped remarkably to X tons, waning by X% on the year before. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, ethanal exports fell markedly to $X in 2023. In general, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) and Sweden (X tons) prevails in exports structure, together committing X% of total exports. The following exporters - France (X tons) and Switzerland (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by France (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Germany ($X), France ($X) and Sweden ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, growing by X% against the previous year. Export price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ethanal export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the other leaders experienced mixed trends in the export price figures.

Ethanal Imports

Imports in Europe

After two years of growth, purchases abroad of ethanal (acetaldehyde) decreased by X% to X tons in 2023. Overall, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, ethanal imports reduced rapidly to $X in 2023. Over the period under review, imports saw a perceptible contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Norway was the major importing country with an import of around X tons, which resulted at X% of total imports. Germany (X tons) took the second position in the ranking, followed by France (X tons) and Spain (X tons). All these countries together took approx. X% share of total imports. The UK (X tons) and Switzerland (X tons) held a little share of total imports.

Imports into Norway increased at an average annual rate of X% from 2012 to 2023. At the same time, the UK (X%), Switzerland (X%) and Germany (X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Spain (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Norway, Germany, the UK and Switzerland increased by X, X, X and X percentage points, respectively.

In value terms, Norway ($X) constitutes the largest market for imported ethanal (acetaldehyde) in Europe, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Norway amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, declining by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform