Report Update Nov 1, 2024

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

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Libya: Methanol Market 2024

Methanol Market Size in Libya

After two years of decline, the Libyan methanol market increased by 120% to $X in 2022. Overall, consumption, however, showed a deep setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Methanol Production in Libya

In value terms, methanol production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 135%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Methanol Exports

Exports from Libya

In 2022, overseas shipments of methanol (methyl alcohol) decreased by -41.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2021 with an increase of 463%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, methanol exports reduced dramatically to $X in 2022. In general, exports, however, showed a temperate expansion. The growth pace was the most rapid in 2021 with an increase of 943% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for methanol exports from Libya, accounting for a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +5.7%.

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

From 2012 to 2022, the average annual growth rate of value to Italy stood at +4.8%.

Export Prices by Country

In 2022, the average methanol export price amounted to $X per ton, with a decrease of -6.9% against the previous year. Over the period under review, the export price saw a mild decrease. The growth pace was the most rapid in 2021 when the average export price increased by 85%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to -0.9% per year.

Methanol Imports

Imports into Libya

After three years of growth, overseas purchases of methanol (methyl alcohol) decreased by -53.4% to X tons in 2022. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 566% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, methanol imports fell to $X in 2022. Over the period under review, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by 502%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of methanol to Libya, with a 69% share of total imports. Moreover, methanol imports from the UK exceeded the figures recorded by the second-largest supplier, France (X kg), more than tenfold. The third position in this ranking was taken by Germany (X kg), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +42.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.0% per year) and Germany (+9.7% per year).

In value terms, the UK ($X) constituted the largest supplier of methanol (methyl alcohol) to Libya, comprising 56% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.4% share of total imports. It was followed by France, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.9% per year) and France (-7.9% per year).

Import Prices by Country

The average methanol import price stood at $X per ton in 2022, growing by 86% against the previous year. In general, the import price saw a measured expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 264% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average 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 Turkey ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+173.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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, accounting for 23% of total volume. Moreover, methanol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Russia, 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 Libya?

In value terms, Egypt constituted the largest supplier of methanol to Libya, comprising 86% of total imports. The second position in the ranking was occupied by the UK, with a 14% share of total imports.

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

In value terms, Romania, Italy and Germany were the largest markets for methanol exported from Libya worldwide, together accounting for 100% of total exports.

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

In 2021, the average methanol export price amounted to $269 per ton, reducing by -8.5% against the previous year.

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

In 2021, the average methanol import price amounted to $4,030 per ton, reducing by -23.1% against the previous year.

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

Libya

Data coverage:

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