Alcohols Market Overview in the European Union
In value terms, alcohols production totaled $4.2B in 2010 estimated in export prices. In general, alcohols production continues to indicate a deep descent. The most prominent rate of growth was recorded in 2010 when production volume increased by 4.9% year-to-year. Over the period under review, alcohols production reached its peak figure level at $5.4B in 2007; however, from 2008 to 2010, production stood at a somewhat lower figure.
The country with the largest volume of alcohols production was Germany (2.2M tonnes), comprising approx. 55% of total production. Moreover, alcohols production in Germany exceeded the figures recorded by the region's second-largest producer, France (532K tonnes), fourfold. The Netherlands (309K tonnes) ranked third in terms of total production with a 7.8% share.
In Germany, alcohols production declined by an average annual rate of -19.3% over the period from 2007-2010. The remaining producing countries recorded the following average annual rates of production growth: France (-22.0% per year) and the Netherlands (+15.5% per year).
The revenue of the alcohols market in the European Union amounted to $11.4B in 2010, increasing by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, alcohols consumption, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2010 with an increase of 17% against the previous year. The level of alcohols consumption peaked at $11.9B in 2007; however, from 2008 to 2010, consumption failed to regain its momentum.
From 2007 to 2010, the most notable rate of growth in terms of alcohols consumption, amongst the main consuming countries, was attained by Finland, while the other leaders experienced more modest paces of growth.
In value terms, Germany ($3.1B), Finland ($2.1B) and Spain ($1.6B) constituted the countries with the highest levels of market value in 2010, together comprising 59% of the total market. The UK, France, Italy, Poland, Belgium, Austria, Greece, Lithuania and the Netherlands lagged somewhat behind, together comprising a further 33%.
In terms of the main consuming countries, Poland (+51.6% per year) recorded the highest rates of growth with regard to alcohols market, over the last three-year period, while the other leaders experienced more modest paces of growth.
The countries with the highest levels of alcohols per capita consumption in 2010 were Finland (134 kg per person), Lithuania (78 kg per person) and Belgium (28 kg per person).
From 2007 to 2010, the most notable rate of growth in terms of alcohols per capita consumption, amongst the main consuming countries, was attained by Finland, while the other leaders experienced more modest paces of growth.