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Slovakia - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSlovakia: Ethanol Market 2024
Ethanol Market Size in Slovakia
In 2023, the Slovak ethanol market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption saw a slight reduction. Ethanol consumption peaked at $X in 2022, and then reduced markedly in the following year.
Ethanol Production in Slovakia
In value terms, ethanol production soared to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Ethanol production peaked in 2023 and is expected to retain growth in the near future.
Ethanol Exports
Exports from Slovakia
In 2023, overseas shipments of ethyl alcohol increased by X% to X litres, rising for the second consecutive year after two years of decline. Overall, total exports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, ethanol exports rose significantly to $X in 2023. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.
Exports by Country
Germany (X litres) was the main destination for ethanol exports from Slovakia, accounting for a X% share of total exports. Moreover, ethanol exports to Germany exceeded the volume sent to the second major destination, Hungary (X litres), threefold. The third position in this ranking was held by Austria (X litres), with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Austria (X% per year).
In value terms, Germany ($X) remains the key foreign market for ethyl alcohol exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Hungary (X% per year).
Export Prices by Country
In 2023, the average ethanol export price amounted to $X per thousand litres, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per litre, and then dropped dramatically in the following year.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per litre), while the average price for exports to Hungary ($X per thousand litres) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.
Ethanol Imports
Imports into Slovakia
After two years of growth, purchases abroad of ethyl alcohol decreased by X% to X litres in 2023. Over the period under review, imports saw a mild reduction. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X litres, and then shrank markedly in the following year.
In value terms, ethanol imports dropped rapidly to $X in 2023. In general, imports, however, posted a slight increase. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank sharply in the following year.
Imports by Country
Hungary (X litres), the Czech Republic (X litres) and Austria (X litres) were the main suppliers of ethanol imports to Slovakia, with a combined X% share of total imports. Ukraine, Belgium, Bulgaria and Poland lagged somewhat behind, together comprising a further X%.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest ethanol suppliers to Slovakia were Hungary ($X), the Czech Republic ($X) and Austria ($X), with a combined X% share of total imports. Ukraine, Belgium, Bulgaria and Poland lagged somewhat behind, together accounting for a further X%.
Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average ethanol import price stood at $X per litre in 2023, picking up by X% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ethanol import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per litre), while the price for Belgium ($X per litre) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the ethanol market in Slovakia. 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:
- Slovakia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Slovakia
- 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
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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
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