Austria: Methanol Market 2024

Methanol Market Size in Austria

The Austrian methanol market fell to $X in 2022, shrinking by -10.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +57.1% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Methanol Exports

Exports from Austria

In 2022, after two years of growth, there was significant decline in overseas shipments of methanol (methyl alcohol), when their volume decreased by -6.1% to X tons. Overall, exports continue to indicate a slight slump. The pace of growth was the most pronounced in 2020 when exports increased by 542% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, methanol exports amounted to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 294%. Over the period under review, the exports reached the maximum at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

Hungary (X tons) was the main destination for methanol exports from Austria, with a 56% share of total exports. Moreover, methanol exports to Hungary exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. Croatia (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+46.0% per year) and Croatia (+13.4% per year).

In value terms, Hungary ($X) remains the key foreign market for methanol (methyl alcohol) exports from Austria, comprising 42% of total exports. The second position in the ranking was held by Slovakia ($X), with a 13% share of total exports. It was followed by Serbia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Hungary amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+38.6% per year) and Serbia (+66.8% per year).

Export Prices by Country

In 2022, the average methanol export price amounted to $X per ton, growing by 13% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($X 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 the Czech Republic (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Methanol Imports

Imports into Austria

Methanol imports into Austria shrank remarkably to X tons in 2022, with a decrease of -16.7% against 2021 figures. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +8.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 31%. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, methanol imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 111% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Germany (X tons), Poland (X tons) and Slovenia (X tons) were the main suppliers of methanol imports to Austria, with a combined 95% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +440.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest methanol suppliers to Austria were Germany ($X), Poland ($X) and Slovenia ($X), with a combined 94% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +354.1%, 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

In 2022, the average methanol import price amounted to $X per ton, surging by 12% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, methanol import price increased by +80.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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