Alcohols Market Overview in Germany
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.
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.