Philippines - Methanol (Methyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethanol Price in the Philippines - 2023
Contents:
- Methanol Price in the Philippines (CIF) - 2023
- Methanol Price in the Philippines (FOB) - 2022
- Methanol Imports in the Philippines
- Methanol Exports in the Philippines
Methanol Price in the Philippines (CIF) - 2023
The average methanol import price stood at $313 per ton in July 2023, dropping by -14.7% against the previous month. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in February 2023 an increase of 16% m-o-m. As a result, import price attained the peak level of $447 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($2,346 per ton), while the price for Brunei Darussalam ($299 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Methanol Price in the Philippines (FOB) - 2022
The average methanol export price stood at $2,892 per ton in 2022, surging by 15% against the previous year. Over the period under review, the export price, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2020 an increase of 16%. As a result, the export price reached the peak level of $4,775 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -11.0% per year.
Methanol Imports in the Philippines
In 2022, the amount of methanol (methyl alcohol) imported into the Philippines rose remarkably to 175K tons, surging by 6% against the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, methanol imports expanded sharply to $76M in 2022. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 106% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Methanol in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 30.4 | 16.2 | 37.0 | 47.6 | 16.1% |
| Brunei Darussalam | 9.4 | 5.3 | 13.9 | 12.6 | 10.3% |
| Indonesia | 7.6 | 5.1 | 9.3 | 9.0 | 5.8% |
| Saudi Arabia | 0.1 | 0.1 | 0.1 | 5.2 | 273.3% |
| Singapore | 0.1 | 0.3 | 0.5 | 0.9 | 108.0% |
| India | 4.3 | 5.0 | 6.1 | N/A | 19.1% |
| Others | 2.8 | 1.7 | 2.6 | 0.7 | -37.0% |
| Total | 54.6 | 33.7 | 69.4 | 76.0 | 11.7% |
Top Suppliers of Methanol to the Philippines in 2022:
- India (undefinedK tons)
- Malaysia (113.6K tons)
- Brunei Darussalam (29.5K tons)
- Indonesia (16.8K tons)
- Saudi Arabia (11.6K tons)
- Singapore (2.8K tons)
Methanol Exports in the Philippines
In 2022, approx. 148 tons of methanol (methyl alcohol) were exported from the Philippines; picking up by 52% against the year before. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 670%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, methanol exports skyrocketed to $427K in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 304% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Methanol in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 50.8 | 48.2 | 87.8 | 427 | 103.3% |
| Indonesia | N/A | N/A | 111 | N/A | 0% |
| Others | 11.0 | 12.2 | 44.6 | N/A | 101.4% |
| Total | 61.8 | 60.3 | 244 | 427 | 90.5% |
Top Export Markets for Methanol from the Philippines in 2022:
- Malaysia (433.0 tons)
This report provides an in-depth analysis of the methanol market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
-
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
-
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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