Luxembourg: Methanol Market 2022

Methanol Market Size in Luxembourg

In 2021, the Luxembourg methanol market decreased by -X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Methanol consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Methanol Production in Luxembourg

In value terms, methanol production expanded significantly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Methanol Exports

Exports from Luxembourg

In 2021, overseas shipments of methanol (methyl alcohol) increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, methanol exports soared to $X in 2021. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for methanol exports from Luxembourg, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +X%.

In value terms, Germany ($X) also remains the key foreign market for methanol exports from Luxembourg.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +X%.

Export Prices by Country

The average methanol export price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +X% per year.

Methanol Imports

Imports into Luxembourg

In 2021, overseas purchases of methanol (methyl alcohol) increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, methanol imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest methanol supplier to Luxembourg, accounting for a X% share of total imports. Moreover, methanol imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +X%.

In value terms, Germany ($X) constituted the largest supplier of methanol to Luxembourg, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -X%.

Import Prices by Country

In 2021, the average methanol import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-X%).

Source: IndexBox Platform