Romania: Methanol Market 2024

Methanol Market Size in Romania

The Romanian methanol market fell to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption indicated a perceptible 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. Methanol consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Methanol Production in Romania

In value terms, methanol production reduced rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Methanol Exports

Exports from Romania

For the fourth consecutive year, Romania recorded growth in shipments abroad of methanol (methyl alcohol), which increased by X% to X tons in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, methanol exports surged to $X in 2022. In general, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X tons) was the main destination for methanol exports from Romania, accounting for a X% share of total exports. Moreover, methanol exports to Bulgaria exceeded the volume sent to the second major destination, Greece (X tons), more than tenfold. The third position in this ranking was held by Ukraine (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bulgaria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Ukraine (X% per year).

In value terms, Bulgaria ($X) remains the key foreign market for methanol (methyl alcohol) exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Greece ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bulgaria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average methanol export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price 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, methanol export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Greece ($X per ton) and Ukraine ($X per ton), while the average price for exports to Germany ($X per ton) and Bulgaria ($X 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 Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Methanol Imports

Imports into Romania

For the fourth year in a row, Romania recorded growth in supplies from abroad of methanol (methyl alcohol), which increased by X% to X tons in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, methanol imports totaled $X in 2022. In general, imports showed resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Georgia (X tons), Russia (X tons) and Poland (X tons) were the main suppliers of methanol imports to Romania, with a combined X% share of total imports. Slovenia, Finland, Venezuela, Turkey and Germany 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 Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), Russia ($X) and Poland ($X) constituted the largest methanol suppliers to Romania, together comprising X% of total imports.

Among the main suppliers, Georgia, with a CAGR of X%, recorded the highest rates of growth with regard to 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, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Georgia ($X per ton), while the price for Poland ($X per ton) and Slovenia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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