Alcohols Market Overview in Germany
Market Overview
In 2019, after three years of growth, there was significant decline in the German alcohols market, when its value decreased by -
% to $. In general, consumption saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
In value terms, alcohols production dropped markedly to $ in 2019 estimated in export prices. Overall, production recorded a perceptible downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.
% to $. In general, consumption saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.In value terms, alcohols production dropped markedly to $
in 2019 estimated in export prices. Overall, production recorded a perceptible downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by % year-to-year. Over the period under review, production reached the peak level at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.Consumption
After three years of growth, consumption of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -% to tonnes in 2019. Over the period under review, consumption showed a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. Over the period under review, consumption reached the maximum volume at tonnes in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
The size of the alcohols market in Germany declined remarkably 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). Overall, consumption showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the market value increased by % year-to-year. Alcohols consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
% to tonnes in 2019. Over the period under review, consumption showed a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. Over the period under review, consumption reached the maximum volume at tonnes in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.The size of the alcohols market in Germany declined remarkably 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). Overall, consumption showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the market value increased by % year-to-year. Alcohols consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for alcohols in Germany, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Germany increased significantly over the last twelve-year period (from % to %).
% to %).Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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