Market research

Ethyl alcohol market in Hungary

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Hungarian ethyl alcohol market expanded significantly from USD 66.1 million in 2018 to USD 216.3 million in 2022. This growth was supported by a strong increase in exports, particularly of denatured and undenatured ethyl alcohol, which had shown an annual rise of 22.6% between 2007 and 2018, stimulating production capacity and contributing to overall market enlargement.

Market size then contracted to USD 174.6 million in 2023 and further to USD 122.9 million in 2024. This decline coincided with a sharp fall in imports from USD 32.7 million in 2022 to just USD 5.1 million in 2024, even as production and export volumes remained elevated. During 2024, EU regulatory changes under the Renewable Energy Directive (RED II) promoted the use of bioethanol and bio-based compounds, which helped sustain domestic production levels despite the import reduction.

Throughout the period, the market remained heavily export-oriented, with export value consistently exceeding domestic consumption. Strategic partnerships and capacity expansions among market players, noted in 2024, facilitated adaptation to evolving demand patterns in both domestic and international segments.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018-2024, M l
  2. 5.1.2. In value, 2018-2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, M l
  2. 5.2.2. In value, 2018-2024, M $ US
3. 5.3. Global production by Country, 2018-2023
  1. 5.3.1. Global Production by Country in kind
    1. 5.3.1.1. Annual dynamics of production by country in kind, 2018-2023, M l
    2. 5.3.1.2. Structure of production by countries in kind, 2018-2023
    3. 5.3.1.3. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, M l
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, M l
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, M l
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/K l
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/K l
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/K l
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, M l
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, M l
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, M l
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/K l
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/K l
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/K l
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, M l
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, M l
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, M l
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/K l
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/K l
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/K l
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, M l
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, M l
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, M l
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/K l
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/K l
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/K l
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, M l
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, M l
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production ethyl alcohol in Hungary

In value, 2018-2021, M $ US

Hungary's ethyl alcohol production has grown for the third year in a row. In 2021, output reached 707.6 million US dollars, marking a sharp 27.8% increase from 2020. From 2018 to 2021, production rose by 68.2%, which translates to an average annual growth rate of 18.9%.

Annual dynamics of production in Hungary in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	22.9%	7.2%	27.8%	18.9%

Source: SHEV.io

In kind, 2018-2021, M l

Between 2018 and 2021, Hungary ranked fifth globally in ethyl alcohol production.

Top producers of ethyl alcohol, 2018-2021

Source: SHEV.io

World map of production of ethyl alcohol, 2018-2021

Source: SHEV.io

In 2021, Hungary produced 895.0 million liters of ethyl alcohol, showing a notable 11.8% increase compared to the previous year. From 2018 to 2021, production grew by 38.8%, with an average annual rate of 11.5%. The highest output was recorded in 2019 at 905.0 million liters, while the largest decline occurred in 2020 with an 11.5% drop. The biggest increase was in 2019, with a 40.3% rise.

Annual dynamics of production in Hungary in kind, 2018-2021, M l

Parameter		2019	2020	2021	CAGR
1	Change from last year	40.3%	(11.5%)	11.8%	11.5%

Source: SHEV.io

Exports ethyl alcohol from Hungary

Exports in kind, M l

In 2021, Hungary exported 698.7 million liters of ethyl alcohol, a 4.8% increase from the previous year. From 2018 to 2021, exports rose by 12.1%, averaging 3.9% growth per year. The largest decline was in 2020 at 1.6%, while the biggest increase was in 2019 with an 8.7% rise.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, M l

Parameter		2019	2020	2021	CAGR
1	Change from last year	8.7%	(1.6%)	4.8%	3.9%

Source: SHEV.io

From 2018 to 2021, Germany, Romania, and Italy were the top destinations for Hungary's ethyl alcohol exports in volume terms. Germany accounted for 29.9% of exports, Romania for 21.4%, and Italy for 14.6%, together making up 65.9% of total flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, M $ US

Hungary's ethyl alcohol exports have increased for the third consecutive year. In 2021, exports totaled 545.0 million US dollars, up 23.1% from the previous year. Over the 2018-2021 period, exports grew by 44.5%, with a compound annual growth rate of 13.1%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	16.3%	0.9%	23.1%	13.1%

Source: SHEV.io

From 2018 to 2021, Germany, Romania, and Italy remained the key markets for Hungary's ethyl alcohol exports in value terms. Germany represented 30.8% of exports, Romania 21.2%, and Italy 14.1%, collectively accounting for 66.1% of total flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports ethyl alcohol to Hungary

Imports in kind, M l

Hungary's ethyl alcohol imports have declined for the third year in a row. In 2021, imports amounted to 698.7 million liters, down 17.6% from 2020. Between 2018 and 2021, imports fell by 44.8%, with an average annual decrease of 18.0%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, M l

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.3%)	(31.4%)	(17.6%)	(18.0%)

Source: SHEV.io

From 2018 to 2021, Slovakia was the primary source for Hungary's ethyl alcohol imports in volume terms, absorbing 93.6% of total imports.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, M $ US

Hungary's ethyl alcohol imports have decreased for the second consecutive year. In 2021, imports were approximately 16.5 million US dollars, reflecting a 12.8% decline from 2020. From 2018 to 2021, imports dropped by 26.8%, averaging a 9.9% annual decrease. The highest value was recorded in 2019 at 25.4 million US dollars, while the largest decline occurred in 2020 with a 25.6% drop. The biggest increase was in 2019, with a 12.9% rise.

Annual dynamics of product's imports to Hungary in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	12.9%	(25.6%)	(12.8%)	(9.9%)

Source: SHEV.io

From 2018 to 2021, Slovakia was overwhelmingly the main source for Hungary's ethyl alcohol imports in value terms, accounting for 91.6% of total flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in value, 2018-2021

Source: SHEV.io