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United Kingdom - Methanol (Methyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethanol Price in the UK - 2023
Contents:
- Methanol Price in the UK (FOB) - 2022
- Methanol Price in the UK (CIF) - 2022
- Methanol Exports in the UK
- Methanol Imports in the UK
Methanol Price in the UK (FOB) - 2022
In 2022, the average methanol export price amounted to $1,765 per ton, surging by 24% against the previous year. Over the period under review, the export price posted a strong increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 68%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($4,538 per ton), while the average price for exports to Latvia ($501 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 Mauritania (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.
Methanol Price in the UK (CIF) - 2022
In 2022, the average methanol import price amounted to $317 per ton, remaining relatively unchanged against the previous year. Overall, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 an increase of 43%. Over the period under review, average import prices attained the peak figure at $522 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,301 per ton), while the price for Russia ($183 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.9%), while the prices for the other major suppliers experienced a decline.
Methanol Exports in the UK
In 2022, shipments abroad of methanol (methyl alcohol) decreased by -18.3% to 3.1K tons, falling for the second year in a row after two years of growth. Overall, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of 4.6%. As a result, the exports attained the peak of 7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, methanol exports stood at $5.5M in 2022. Over the period under review, exports showed a perceptible decrease.
Export of Methanol in the UK (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 2,920 | 2,688 | 1,802 | 1,389 | -21.9% |
Netherlands | 12.1 | 13.7 | 857 | 1,207 | 363.8% |
France | 14.7 | 250 | 624 | 570 | 238.5% |
Bangladesh | 8.3 | 71.1 | 90.7 | 319 | 237.5% |
Belgium | 1,256 | 1,085 | 324 | 266 | -40.4% |
Germany | 39.9 | 36.6 | 23.7 | 210 | 73.9% |
Tunisia | 11.2 | 6.6 | 2.1 | 130 | 126.4% |
Others | 2,047 | 1,926 | 1,727 | 1,432 | -11.2% |
Total | 6,309 | 6,077 | 5,451 | 5,523 | -4.3% |
Top Export Markets for Methanol from the UK in 2022:
- Ireland (1764.9 tons)
- Netherlands (536.1 tons)
- Tunisia (128.3 tons)
- France (125.6 tons)
- Germany (103.9 tons)
- Belgium (87.7 tons)
- Bangladesh (87.3 tons)
Methanol Imports in the UK
In 2022, overseas purchases of methanol (methyl alcohol) decreased by 0% to 99K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 19% against the previous year. As a result, imports attained the peak of 199K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, methanol imports stood at $32M in 2022. Overall, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 6.5% against the previous year. As a result, imports attained the peak of $63M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Methanol in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 19.5 | 22.1 | N/A | 11.6 | -15.9% |
Trinidad and Tobago | 21.1 | 17.4 | N/A | 6.8 | -31.4% |
Belgium | 1.5 | 0.2 | N/A | 4.4 | 43.1% |
United States | 1.9 | 8.4 | N/A | 3.2 | 19.0% |
Italy | 2.8 | 6.3 | N/A | 2.1 | -9.1% |
Egypt | 3.0 | 3.7 | N/A | 1.7 | -17.2% |
Russia | 1.2 | 1.8 | N/A | 0.8 | -12.6% |
Finland | 3.8 | 0.6 | N/A | 0.5 | -49.1% |
Germany | 4.0 | 2.1 | N/A | 0.2 | -63.2% |
Others | 0.5 | 0.4 | N/A | 0.2 | -26.3% |
Total | 59.2 | 63.1 | N/A | 31.5 | -19.0% |
Top Suppliers of Methanol to the UK in 2022:
- Germany (undefinedK tons)
- Netherlands (33.3K tons)
- Trinidad and Tobago (30.7K tons)
- United States (13.9K tons)
- Belgium (11.8K tons)
- Russia (4.6K tons)
- Egypt (1.9K tons)
- Italy (1.6K tons)
- Finland (1.5K tons)
This report provides an in-depth analysis of the methanol market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142210 - Methanol (methyl alcohol)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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