Oman - Methanol (Methyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethanol Price in Oman - 2021
Contents:
- Methanol Price in Oman (FOB) - 2022
- Methanol Price in Oman (CIF) - 2022
- Methanol Exports in Oman
- Methanol Imports in Oman
Methanol Price in Oman (FOB) - 2022
In 2022, the average methanol export price amounted to $298 per ton, dropping by -20.4% against the previous year. Over the period under review, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 74% against the previous year. Over the period under review, the average export prices hit record highs at $459 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($350 per ton) and South Korea ($349 per ton), while the average price for exports to China ($235 per ton) and Singapore ($295 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.4%), while the prices for the other major destinations experienced a decline.
Methanol Price in Oman (CIF) - 2022
The average methanol import price stood at $322 per ton in 2022, surging by 3.4% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 38%. As a result, import price reached the peak level of $540 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Qatar ($3,921 per ton), while the price for the United Arab Emirates ($200 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.1%), while the prices for the other major suppliers experienced a decline.
Methanol Exports in Oman
In 2022, approx. 2.3M tons of methanol (methyl alcohol) were exported from Oman; falling by -3.6% on the previous year. Over the period under review, exports showed a mild descent. The pace of growth was the most pronounced in 2021 when exports increased by 7.7%.
In value terms, methanol exports declined dramatically to $675M in 2022. Overall, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, the exports attained the peak of $880M, and then contracted sharply in the following year.
| Export of Methanol in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 384 | 200 | 268 | 271 | -11.0% |
| South Korea | 45.1 | 48.4 | 135 | 131 | 42.7% |
| China | 128 | 102 | 97.4 | 104 | -6.7% |
| Netherlands | 116 | 9.5 | 57.5 | 58.2 | -20.5% |
| Taiwan (Chinese) | 20.1 | 28.7 | 56.5 | 54.8 | 39.7% |
| Malaysia | 64.4 | 40.4 | 55.8 | 54.1 | -5.6% |
| India | N/A | 31.9 | 58.0 | N/A | 81.8% |
| Others | 14.8 | 9.6 | 151 | 1.4 | -54.4% |
| Total | 772 | 471 | 880 | 675 | -4.4% |
Top Export Markets for Methanol from Oman in 2022:
- Singapore (920.2K tons)
- China (443.9K tons)
- South Korea (376.1K tons)
- Netherlands (182.0K tons)
- Malaysia (181.0K tons)
- Taiwan (Chinese) (156.4K tons)
Methanol Imports in Oman
Methanol imports into Oman contracted dramatically to 6.1K tons in 2022, waning by -45.1% compared with the previous year. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 923% against the previous year. As a result, imports attained the peak of 11K tons, and then declined remarkably in the following year.
In value terms, methanol imports fell remarkably to $2M in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 643% against the previous year. As a result, imports reached the peak of $3.5M, and then contracted markedly in the following year.
| Import of Methanol in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 411 | 446 | 608 | 715 | 20.3% |
| India | 28.8 | 9.0 | 852 | 685 | 187.6% |
| Qatar | 12.1 | 2.4 | 688 | 553 | 257.5% |
| Saudi Arabia | N/A | 1.5 | 1,272 | N/A | 84700.0% |
| Others | 21.9 | 6.5 | 38.9 | 8.7 | -26.5% |
| Total | 474 | 466 | 3,459 | 1,962 | 60.6% |
Top Suppliers of Methanol to Oman in 2022:
- United Arab Emirates (3.6K tons)
- India (0.7K tons)
- Qatar (0.1K tons)
This report provides an in-depth analysis of the methanol market in Oman. 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 Oman
- 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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