Slovakia: Methanol Market 2022

Methanol Market Size in Slovakia

After three years of decline, the Slovak methanol market increased by X% to $X in 2021. In general, consumption enjoyed prominent growth. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the near future.

Methanol Production in Slovakia

In value terms, methanol production reduced slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Methanol Exports

Exports from Slovakia

In 2021, exports of methanol (methyl alcohol) from Slovakia contracted modestly to X tons, which is down by -X% against 2020 figures. In general, exports showed a mild slump. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, methanol exports soared to $X in 2021. Overall, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for methanol exports from Slovakia, with a X% share of total exports. It was followed by Romania (X tons), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary was relatively modest.

In value terms, Hungary ($X) remains the key foreign market for methanol exports from Slovakia, comprising X% of total exports. The second position in the ranking was occupied by Romania ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Hungary amounted to -X%.

Export Prices by Country

The average methanol export price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the export price, however, saw a noticeable decrease. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Romania ($X per ton), while the average price for exports to Hungary stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-X%).

Methanol Imports

Imports into Slovakia

In 2021, overseas purchases of methanol (methyl alcohol) increased by X% to X tons, rising for the third year in a row after five years of decline. In general, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, methanol imports surged to $X in 2021. Over the period under review, imports saw resilient growth. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of methanol to Slovakia, accounting for a X% share of total imports. Moreover, methanol imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was occupied by Poland (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

Import Prices by Country

The average methanol import price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Poland ($X per ton) and Serbia ($X per ton), while the price for Germany ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform