China: Methanol Market 2024

Methanol Market Size in China

In 2022, the Chinese methanol market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Methanol Production in China

In value terms, methanol production reduced rapidly to $X in 2022 estimated in export price. In general, production saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Methanol production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Methanol Exports

Exports from China

In 2022, approx. X tons of methanol (methyl alcohol) were exported from China; falling by X% compared with 2021. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, methanol exports shrank remarkably to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and South Korea (X tons) were the main destinations of methanol exports from China, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X), Vietnam ($X) and South Korea ($X) were the largest markets for methanol exported from China worldwide, with a combined X% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average methanol export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($X 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 the United States (X%), while the prices for the other major destinations experienced a decline.

Methanol Imports

Imports into China

In 2022, the amount of methanol (methyl alcohol) imported into China rose notably to X tons, growing by X% on 2021 figures. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, methanol imports rose remarkably to $X in 2022. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Oman (X tons), Iran (X tons) and Saudi Arabia (X tons) were the main suppliers of methanol imports to China, together comprising X% of total imports. The United Arab Emirates, Trinidad and Tobago, New Zealand, Malaysia and Qatar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest methanol suppliers to China were Oman ($X), Iran ($X) and Saudi Arabia ($X), with a combined X% share of total imports. The United Arab Emirates, New Zealand, Trinidad and Tobago, Malaysia and Qatar lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average methanol import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price saw a slight slump. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from New Zealand ($X per ton) and Malaysia ($X per ton), while the price for Qatar ($X per ton) and Trinidad and Tobago ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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