Alcohols Market Overview in Austria
Market Overview
In 2019, after two years of growth, there was significant decline in the Austrian alcohols market, when its value decreased by -
% to $. Over the period under review, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Over the period under review, the market reached the maximum level at $ in 2018, and then fell dramatically in the following year.
% to $. Over the period under review, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Over the period under review, the market reached the maximum level at $ in 2018, and then fell dramatically in the following year.Consumption
In 2019, alcohols consumption in Austria reduced rapidly to tonnes, which is down by -% compared with the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the consumption volume increased by % year-to-year. Over the period under review, consumption hit record highs at tonnes in 2018, and then dropped dramatically in the following year.
The revenue of the alcohols market in Austria dropped remarkably to $ in 2019, which is down 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of % y-o-y. Austria consumption peaked at $ in 2018, and then contracted markedly in the following year.
tonnes, which is down by -% compared with the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the consumption volume increased by % year-to-year. Over the period under review, consumption hit record highs at tonnes in 2018, and then dropped dramatically in the following year.The revenue of the alcohols market in Austria dropped remarkably to $
in 2019, which is down 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of % y-o-y. Austria consumption peaked at $ in 2018, and then contracted markedly in the following year.Market Forecast
Driven by increasing demand for alcohols in Austria, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
Austria remains a net importer of alcohols; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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