Denmark: Denatured Ethyl Alcohol Market 2024

Denatured Ethyl Alcohol Market Size in Denmark

In 2022, after two years of growth, there was significant decline in the Danish denatured ethyl alcohol market, when its value decreased by X% to $X. Overall, consumption continues to indicate a dramatic descent. Denatured ethyl alcohol consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Denatured Ethyl Alcohol Production in Denmark

In value terms, denatured ethyl alcohol production dropped dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021, and then reduced notably in the following year.

Denatured Ethyl Alcohol Exports

Exports from Denmark

In 2022, shipments abroad of denatured ethyl alcohol and other denatured spirits decreased by X% to X litres, falling for the second consecutive year after five years of growth. Overall, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X litres in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, denatured ethyl alcohol exports declined rapidly to $X in 2022. In general, exports saw a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X litres) was the main destination for denatured ethyl alcohol exports from Denmark, with a X% share of total exports. Moreover, denatured ethyl alcohol exports to Sweden exceeded the volume sent to the second major destination, Qatar (X litres), twofold. The third position in this ranking was taken by Germany (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Germany (X% per year).

In value terms, Sweden ($X), Poland ($X) and Germany ($X) were the largest markets for denatured ethyl alcohol exported from Denmark worldwide, together comprising X% of total exports. Spain, Qatar, Norway, Faroe Islands and Greenland lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Faroe Islands, with a CAGR of X%, saw the highest rates of growth with regard to 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 denatured ethyl alcohol export price stood at $X per litre in 2022, declining by X% against the previous year. Overall, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per litre in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

Denatured Ethyl Alcohol Imports

Imports into Denmark

Denatured ethyl alcohol imports into Denmark expanded modestly to X litres in 2022, picking up by X% compared with the year before. Over the period under review, imports, however, recorded a sharp decrease. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, denatured ethyl alcohol imports shrank to $X in 2022. Overall, imports, however, continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X litres) constituted the largest denatured ethyl alcohol supplier to Denmark, with a X% share of total imports. Moreover, denatured ethyl alcohol imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X litres), threefold. Belgium (X litres) ranked third in terms of total imports with a X% share.

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

In value terms, Sweden ($X) constituted the largest supplier of denatured ethyl alcohol and other denatured spirits to Denmark, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

Import Prices by Country

The average denatured ethyl alcohol import price stood at $X per litre in 2022, with a decrease of X% against the previous year. In general, import price indicated prominent growth 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, denatured ethyl alcohol import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked at $X per litre in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per litre), while the price for the UK ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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