Global Methanol Market 2024

Methanol Market Size

In 2022, the global methanol market was finally on the rise to reach $X.4B after five years of decline. Overall, consumption, however, showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Methanol Production

In value terms, methanol production skyrocketed to $X.8B in 2022 estimated in export price. In general, production, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Global production peaked at $X.7B in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Methanol Exports

Exports

In 2022, global methanol exports reduced to X tons, with a decrease of X% against the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by X%. The global exports peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, methanol exports reached $X in 2022. Over the period under review, total exports indicated a noticeable expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Trinidad and Tobago (X tons), Saudi Arabia (X tons), the United States (X tons), Iran (X tons), Oman (X tons), Russia (X tons), the United Arab Emirates (X tons), Venezuela (X tons), the Netherlands (X tons), Malaysia (X tons), Equatorial Guinea (X tons) and Egypt (X tons), together accounting for X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United States (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, Trinidad and Tobago ($X), Saudi Arabia ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports.

Among the main exporting countries, the United States, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average methanol export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X%. The global export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other global leaders experienced mixed trends in the export price figures.

Methanol Imports

Imports

In 2022, global methanol imports fell modestly to X tons, remaining relatively unchanged against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure at X tons in 2021, and then dropped modestly in the following year.

In value terms, methanol imports amounted to $X in 2022. Over the period under review, total imports indicated a tangible expansion 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China was the largest importer of methanol (methyl alcohol) in the world, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by India (X tons), the Netherlands (X tons), South Korea (X tons) and Japan (X tons), together comprising a X% share of total imports. The following importers - Germany (X tons), Brazil (X tons), the United States (X tons), Belgium (X tons), Indonesia (X tons), Poland (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to methanol imports into China stood at X%. At the same time, Indonesia (X%), Poland (X%), Brazil (X%), India (X%), Thailand (X%), Belgium (X%), the Netherlands (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany and Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported methanol (methyl alcohol) worldwide, comprising X% of global imports. The second position in the ranking was taken by India ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average methanol import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Global import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United States ($X per ton) and Brazil ($X per ton), while China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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