Report Update Nov 1, 2024

Colombia - Methanol (Methyl Alcohol) - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Methanol Market 2024

Methanol Market Size in Colombia

In 2022, the Colombian methanol market increased by 3% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a pronounced setback. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Methanol Exports

Exports from Colombia

After two years of growth, overseas shipments of methanol (methyl alcohol) decreased by -48.4% to X tons in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,957%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, methanol exports contracted rapidly to $X in 2022. Overall, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of 3,109%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Ecuador (X tons) was the main destination for methanol exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador amounted to +17.3%.

In value terms, Ecuador ($X) emerged as the key foreign market for methanol (methyl alcohol) exports from Colombia.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador amounted to +16.5%.

Export Prices by Country

The average methanol export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 20%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to -0.7% per year.

Methanol Imports

Imports into Colombia

In 2022, after two years of decline, there was growth in supplies from abroad of methanol (methyl alcohol), when their volume increased by 4.5% to X tons. Overall, imports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2015 when imports increased by 15%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, methanol imports reduced to $X in 2022. Over the period under review, imports, however, saw a perceptible setback. The growth pace was the most rapid in 2017 with an increase of 41%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Trinidad and Tobago (X tons) was the main methanol supplier to Colombia, with a 97% share of total imports. It was followed by the United States (X tons), with a 2.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Trinidad and Tobago amounted to -2.4%.

In value terms, the largest methanol suppliers to Colombia were Trinidad and Tobago ($X) and the United States ($X).

The United States, with a CAGR of +76.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average methanol import price stood at $X per ton in 2022, reducing by -7.8% against the previous year. Over the period under review, the import price saw a mild curtailment. The growth pace was the most rapid in 2017 when the average import price increased by 45%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Trinidad and Tobago totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for methanol (methyl alcohol) in the world?

China remains the largest methanol consuming country worldwide, comprising approx. 23% of total volume. Moreover, methanol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Russia ranked third in terms of total consumption with a 4.8% share.

What are the largest producers of methanol (methyl alcohol) in the world?

The countries with the highest volumes of in 2021 were the United States, Saudi Arabia and Trinidad and Tobago, with a combined 29% share of global production.

What are the leading suppliers of methanol (methyl alcohol) to Colombia?

In value terms, Trinidad and Tobago constituted the largest supplier of methanol to Colombia, comprising 85% of total imports. The second position in the ranking was occupied by Venezuela, with a 6.6% share of total imports.

What are the leading importers of methanol (methyl alcohol) from Colombia?

In value terms, Ecuador remains the key foreign market for methanol exports from Colombia.

What is the average export price for methanol (methyl alcohol) in Colombia?

In 2021, the average methanol export price amounted to $483 per ton, rising by 47% against the previous year.

What is the average import price for methanol (methyl alcohol) in Colombia?

In 2021, the average methanol import price amounted to $498 per ton, surging by 56% against the previous year.

This report provides an in-depth analysis of the methanol market in Colombia. 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:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023