Undenatured ethyl alcohol with ABV of ≥80% market in Croatia

Earlier Report Observations

Between 2018 and 2024, the market for undenatured ethyl alcohol in Croatia experienced pronounced volatility in physical volume. Consumption started at 6.3 million liters in 2018 and fluctuated significantly, reaching a peak of 8.9 million liters in 2022 before dropping sharply to 6.0 million liters in 2023. The period concluded with a strong rebound to 9.4 million liters in 2024, marking the highest volume of the observed years.

In value terms, the market demonstrated even wider swings, largely driven by changes in import volumes and shifting unit prices. The market's worth peaked at 10.6 million USD in 2022, coinciding with the highest import bill, before declining to 8.1 million USD in 2024. Domestic production remained minimal throughout the period, accounting for less than 0.5% of total market volume, indicating a market fundamentally reliant on imports.

Production undenatured ethyl alcohol with ABV of ≥80% in Croatia

In value, 2017-2020, K $ US

Croatia's production of undenatured ethyl alcohol with an alcohol by volume (ABV) of 80% or higher declined for the third year in a row. In 2020, the output was valued at 93.7 thousand US dollars, representing a 4.4% decrease compared to the previous year. From 2017 to 2020, production fell by 83.9%, with a compound annual growth rate (CAGR) of -45.6%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

In kind, 2017-2020, K l

Croatia's production of undenatured ethyl alcohol with an ABV of 80% or higher declined for the third consecutive year. In 2020, the country produced 33.9 thousand liters, which marks a significant 16.9% drop year-over-year. Over the period from 2017 to 2020, production decreased by 94.1%, with a CAGR of -61.1%.

Annual dynamics of production in Croatia in kind, 2017-2020, K l

Exports undenatured ethyl alcohol with ABV of ≥80% from Croatia

Exports in kind, K l

The market displayed volatility during the observed period. In 2019, exports reached their lowest point at 58 thousand liters, with the largest decline of 80.1% recorded that year. By 2020, exports surged to 883 thousand liters, a 1,420.1% increase compared to 2019, showing a peak-to-trough amplitude of 15 times between these two years.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, K l

From 2017 to 2020, Italy and Slovenia were the primary destinations for Croatia's exports in kind, together accounting for 82.1% of total flows. Other partners each held significantly smaller shares.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

Market behavior was characterized by volatility over these years. In 2019, export values hit a minimum of 56 thousand US dollars, with the largest decline of 75.1% occurring that year. By 2020, values climbed to a peak of 1,287 thousand US dollars, a sharp 2,180.3% increase from 2019, representing a 23-fold shift between the two years.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

Between 2017 and 2020, Croatia's exports in value terms of undenatured ethyl alcohol with an ABV of 80% or higher were heavily concentrated on Italy, which made up 72.7% of total flows. Other countries collectively accounted for the remaining share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports undenatured ethyl alcohol with ABV of ≥80% to Croatia

Imports in kind, K l

Croatia imported a total of 7,952 thousand liters of undenatured ethyl alcohol with an ABV of 80% or higher in 2020, which is 25.2% higher than in 2019. The largest increase was recorded in 2018 at 34.2%, while the largest decline occurred in 2019 at 3.0%. From 2017 to 2020, imports grew by 62.9%, with a CAGR of 17.7%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, K l

From 2017 to 2020, Bulgaria, Hungary, and Slovakia were the main sources for Croatia's imports in kind of undenatured ethyl alcohol with an ABV of 80% or higher. Bulgaria accounted for 44.1% of imports, Hungary for 27.5%, and Slovakia for 10.2%, together making up 81.7% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

In 2020, Croatia's imports of undenatured ethyl alcohol with an ABV of 80% or higher were recorded at 7,913 thousand US dollars, marking a sharp 64.3% year-over-year improvement. The largest decline was in 2019 at 6.2%. Between 2017 and 2020, imports increased by 104.3%, equating to a 26.9% annualized rate.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Bulgaria, Hungary, and Slovakia led as suppliers of undenatured ethyl alcohol with an ABV of 80% or higher to Croatia in value terms. Bulgaria contributed 38.5% of imports, Hungary 23.4%, and Slovakia 9.4%, jointly accounting for 71.4% of total imports in value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020