Japan - Methanol (Methyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethanol Price in Japan - 2023
Contents:
- Methanol Price in Japan (CIF) - 2023
- Methanol Price in Japan (FOB) - 2022
- Methanol Imports in Japan
- Methanol Exports in Japan
Methanol Price in Japan (CIF) - 2023
The average methanol import price stood at $285 per ton in September 2023, surging by 4.1% against the previous month. In general, the import price, however, showed a mild curtailment. The pace of growth was the most pronounced in March 2023 an increase of 5.6% month-to-month. As a result, import price attained the peak level of $375 per ton. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Trinidad and Tobago ($298 per ton) and the United States ($286 per ton), while the price for Malaysia ($276 per ton) and Saudi Arabia ($286 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 Trinidad and Tobago (-1.4%), while the prices for the other major suppliers experienced a decline.
Methanol Price in Japan (FOB) - 2022
In 2022, the average methanol export price amounted to $447 per ton, growing by 17% against the previous year. Overall, the export price, however, recorded a mild decline. The growth pace was the most rapid in 2021 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices hit record highs at $615 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,220 per ton), while the average price for exports to Malaysia ($142 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Methanol Imports in Japan
Methanol imports into Japan reduced slightly to 1.7M tons in 2022, waning by -3.4% on 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of 1.8M tons, and then contracted in the following year.
In value terms, methanol imports reduced to $680M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 80% against the previous year. As a result, imports attained the peak of $690M, and then contracted slightly in the following year.
| Import of Methanol in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 273 | 196 | 358 | 316 | 5.0% |
| Trinidad and Tobago | 60.6 | 25.9 | 104 | 133 | 30.0% |
| United States | 82.2 | 91.3 | 100 | 119 | 13.1% |
| Malaysia | 33.7 | 21.5 | 37.5 | 36.9 | 3.1% |
| Brunei Darussalam | 8.8 | 21.3 | 27.4 | 31.2 | 52.5% |
| Venezuela | 21.0 | 28.3 | 43.6 | 14.8 | -11.0% |
| Oman | 13.7 | N/A | N/A | 11.6 | -5.4% |
| Others | 18.3 | 0.3 | 19.9 | 17.2 | -2.0% |
| Total | 511 | 384 | 690 | 680 | 10.0% |
Top Suppliers of Methanol to Japan in 2022:
- Saudi Arabia (787.3K tons)
- Trinidad and Tobago (354.1K tons)
- United States (294.7K tons)
- Malaysia (97.4K tons)
- Brunei Darussalam (86.3K tons)
- Venezuela (43.0K tons)
- Oman (33.7K tons)
Methanol Exports in Japan
In 2022, shipments abroad of methanol (methyl alcohol) decreased by -93% to 4K tons, falling for the second consecutive year after two years of growth. In general, exports saw a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 415%. As a result, the exports attained the peak of 78K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, methanol exports contracted notably to $1.8M in 2022. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 285% against the previous year.
| Export of Methanol in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 0.1 | 0.1 | 6.5 | 1.6 | 152.0% |
| South Korea | N/A | 2.5 | 9.2 | N/A | 268.0% |
| Malaysia | N/A | 2.4 | N/A | N/A | 0% |
| United States | 1.7 | 4.2 | N/A | N/A | 147.1% |
| Indonesia | 2.9 | 1.3 | 3.1 | N/A | 3.4% |
| Singapore | N/A | 1.1 | 3.3 | N/A | 200.0% |
| Others | 0.1 | 7.1 | 0.2 | 0.2 | 26.0% |
| Total | 4.8 | 18.6 | 22.2 | 1.8 | -27.9% |
Top Export Markets for Methanol from Japan in 2022:
- Taiwan (Chinese) (4012.0 tons)
- Malaysia (178.4 tons)
- South Korea (42.1 tons)
- United States (11.5 tons)
- Indonesia (3.0 tons)
This report provides an in-depth analysis of the methanol market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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