China - Methanol (Methyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethanol Price in China - 2023
Contents:
- Methanol Price in China (CIF) - 2023
- Methanol Price in China (FOB) - 2023
- Methanol Imports in China
- Methanol Exports in China
Methanol Price in China (CIF) - 2023
In September 2023, the average methanol import price amounted to $275 per ton, with an increase of 6.5% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $327 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from New Zealand ($291 per ton) and Oman ($277 per ton), while the price for Trinidad and Tobago ($265 per ton) and Iran ($267 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Oman (-0.6%), while the prices for the other major suppliers experienced a decline.
Methanol Price in China (FOB) - 2023
In September 2023, the average methanol export price amounted to $282 per ton, which is down by -15.2% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 40% month-to-month. Over the period under review, the average export prices attained the peak figure at $504 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In September 2023, the country with the highest price was Myanmar ($352 per ton), while the average price for exports to Vietnam stood at $274 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+778.2%), while the prices for the other major destinations experienced a decline.
Methanol Imports in China
In 2022, imports of methanol (methyl alcohol) into China totaled 12M tons, surging by 8.9% against the year before. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 19% against the previous year. As a result, imports attained the peak of 13M tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, methanol imports amounted to $4.2B in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Methanol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 149 | 446 | 861 | 1,280 | 104.8% |
| Iran | 930 | 480 | 168 | 726 | -7.9% |
| Saudi Arabia | 338 | 316 | 396 | 586 | 20.1% |
| United Arab Emirates | N/A | 565 | 1,344 | 524 | -3.7% |
| New Zealand | 551 | 345 | 431 | 348 | -14.2% |
| Trinidad and Tobago | 361 | 205 | 227 | 347 | -1.3% |
| Malaysia | 180 | 68.1 | 101 | 110 | -15.1% |
| Venezuela | 120 | 113 | 216 | 87.8 | -9.9% |
| Chile | 74.6 | 58.5 | 38.9 | 51.3 | -11.7% |
| Brunei Darussalam | 101 | 49.7 | 30.5 | 32.9 | -31.2% |
| Others | 106 | 38.0 | 46.6 | 72.7 | -11.8% |
| Total | 2,909 | 2,685 | 3,860 | 4,165 | 12.7% |
Top Suppliers of Methanol to China in 2022:
- Oman (3.8M tons)
- Iran (2.1M tons)
- Saudi Arabia (1.7M tons)
- United Arab Emirates (1.5M tons)
- Trinidad and Tobago (1.1M tons)
- New Zealand (0.9M tons)
- Malaysia (0.3M tons)
- Venezuela (0.3M tons)
- Brunei Darussalam (0.1M tons)
- Chile (0.1M tons)
Methanol Exports in China
In 2022, exports of methanol (methyl alcohol) from China reduced markedly to 173K tons, which is down by -56% on the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 224% against the previous year. As a result, the exports attained the peak of 393K tons, and then declined remarkably in the following year.
In value terms, methanol exports dropped sharply to $65M in 2022. Over the period under review, exports, however, showed mild growth. The growth pace was the most rapid in 2021 when exports increased by 373%. As a result, the exports attained the peak of $138M, and then fell notably in the following year.
| Export of Methanol in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 36.5 | 10.2 | 41.6 | 22.4 | -15.0% |
| Vietnam | 5.9 | 2.4 | 0.8 | 17.9 | 44.8% |
| South Korea | N/A | 10.5 | 34.2 | 12.6 | 9.5% |
| Philippines | 0.5 | N/A | 1.1 | 4.8 | 112.5% |
| Thailand | 7.6 | 3.3 | 2.6 | 0.4 | -62.5% |
| India | N/A | N/A | 33.4 | N/A | 0% |
| Others | 11.5 | 2.8 | 24.6 | 7.1 | -14.8% |
| Total | 62.0 | 29.2 | 138 | 65.2 | 1.7% |
Top Export Markets for Methanol from China in 2022:
- Indonesia (58.9K tons)
- Vietnam (44.6K tons)
- South Korea (39.0K tons)
- Philippines (13.1K tons)
- Thailand (1.0K tons)
This report provides an in-depth analysis of the methanol market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142210 - Methanol (methyl alcohol)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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504
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