Benelux: Methanol Market 2024

Methanol Market Size in Benelux

The Benelux methanol market soared to $X in 2022, increasing by 32% against the previous year. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Methanol Production in Benelux

In value terms, methanol production rose slightly to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 21%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Methanol Exports

Exports in Benelux

In 2022, methanol exports in Benelux fell markedly to X tons, waning by -20.9% on the previous year. Over the period under review, exports saw a noticeable contraction. The pace of growth appeared the most rapid in 2014 with an increase of 18% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, methanol exports contracted to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 57% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X tons) was the largest exporter of methanol (methyl alcohol), achieving 81% of total exports. It was distantly followed by Belgium (X tons), achieving an 18% share of total exports.

Exports from the Netherlands decreased at an average annual rate of -3.4% from 2012 to 2022. At the same time, Belgium (+6.8%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +6.8% from 2012-2022. Belgium (+11 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -10.9% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest methanol supplier in Benelux, comprising 83% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands was relatively modest.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, with an increase of 16% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +71.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 47%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%).

Methanol Imports

Imports in Benelux

In 2022, approx. X tons of methanol (methyl alcohol) were imported in Benelux; dropping by -4% compared with the previous year's figure. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +38.7% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 128%. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced modestly in the following year.

In value terms, methanol imports stood at $X in 2022. Overall, imports, however, saw a perceptible expansion. The growth pace was the most rapid in 2018 when imports increased by 153% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) represented the largest importer of methanol (methyl alcohol), mixing up 74% of total imports. It was distantly followed by Belgium (X tons), creating a 25% share of total imports.

Imports into the Netherlands increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, Belgium (+2.1%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +2.1% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported methanol (methyl alcohol) in Benelux, comprising 72% of total imports. The second position in the ranking was held by Belgium ($X), with a 28% share of total imports.

In the Netherlands, methanol imports increased at an average annual rate of +2.2% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, with an increase of 5.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 54% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.9%).

Source: IndexBox Platform