Alcohols Market Overview in the European Union
In value terms, alcohols production fell slightly to $ in 2018 estimated in export prices. Overall, production, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2007; however, from 2008 to 2018, production failed to regain the momentum.
The countries with the highest volumes of alcohols production in 2018 were the Netherlands ( tonnes), Germany ( tonnes) and Sweden ( tonnes), with a combined % share of total production.
From 2007 to 2018, the most notable rate of growth in terms of alcohols production, amongst the key producing countries, was attained by the Netherlands, while alcohols production for the other leaders experienced more modest paces of growth.
The revenue of the alcohols market in the European Union dropped modestly to $ in 2019, waning by -% 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, consumption showed a noticeable slump. The most prominent rate of growth was recorded in 2010 when the market value increased by % y-o-y. The level of consumption peaked at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.
From 2007 to 2018, the most notable rate of growth in terms of alcohols consumption, amongst the leading consuming countries, was attained by Poland, while alcohols consumption for the other leaders experienced more modest paces of growth.
In value terms, Germany ($) led the market, alone. The second position in the ranking was occupied by the UK ($). It was followed by France.
In Germany, the alcohols market declined by an average annual rate of -% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the UK (-% per year) and France (-% per year).
In 2018, the highest levels of alcohols per capita consumption was registered in Lithuania ( kg per person), followed by the Netherlands ( kg per person), Finland ( kg per person) and Sweden ( kg per person), while the world average per capita consumption of alcohols was estimated at kg per person.
In Lithuania, alcohols per capita consumption expanded at an average annual rate of +% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the Netherlands (+% per year) and Finland (-% per year).