Report Update Nov 1, 2024

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

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New Zealand: Methanol Market 2024

Methanol Market Size in New Zealand

In 2022, the New Zealand methanol market increased by 366% to $X, rising for the second year in a row after five years of decline. Overall, consumption posted a prominent expansion. Methanol consumption peaked in 2022 and is expected to retain growth in the near future.

Methanol Production in New Zealand

In value terms, methanol production surged to $X in 2022 estimated in export price. Overall, production saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 381%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Methanol Exports

Exports from New Zealand

In 2022, methanol exports from New Zealand declined rapidly to X kg, which is down by 99.9% against 2021. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 133,843,062% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, methanol exports shrank sharply to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 28,723,147% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cook Islands (X kg) was the main destination for methanol exports from New Zealand, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cook Islands stood at +10.8%.

In value terms, Cook Islands ($X) emerged as the key foreign market for methanol (methyl alcohol) exports from New Zealand.

From 2012 to 2022, the average annual growth rate of value to Cook Islands amounted to +11.1%.

Export Prices by Country

The average methanol export price stood at $X per ton in 2022, growing by 404% against the previous year. Overall, the export price posted a prominent expansion. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 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 Cook Islands.

From 2012 to 2022, the rate of growth in terms of prices for Cook Islands amounted to +0.2% per year.

Methanol Imports

Imports into New Zealand

In 2022, approx. X tons of methanol (methyl alcohol) were imported into New Zealand; which is down by -53.2% against the previous year. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 36%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, methanol imports declined sharply to $X in 2022. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest methanol supplier to New Zealand, with a 51% share of total imports. Moreover, methanol imports from Malaysia exceeded the figures recorded by the second-largest supplier, Brunei Darussalam (X tons), threefold. Australia (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brunei Darussalam (+9.4% per year) and Australia (-22.7% per year).

In value terms, the largest methanol suppliers to New Zealand were Malaysia ($X), the United States ($X) and Germany ($X), with a combined 57% share of total imports. Brunei Darussalam, Australia, Saudi Arabia and Brazil lagged somewhat behind, together comprising a further 26%.

Brunei Darussalam, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average methanol import price stood at $X per ton in 2022, picking up by 51% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 +91.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.8%), 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 constituted the country with the largest volume of methanol consumption, 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, together comprising 29% of global production.

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

In value terms, Malaysia constituted the largest supplier of methanol to New Zealand, comprising 38% of total imports. The second position in the ranking was occupied by Saudi Arabia, with a 19% share of total imports. It was followed by Germany, with a 10% share.

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

In value terms, Cook Islands remains the key foreign market for methanol exports from New Zealand, comprising 80% of total exports. The second position in the ranking was occupied by Samoa, with a 20% share of total exports.

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

In 2021, the average methanol export price amounted to $111 per ton, reducing by -7.9% against the previous year.

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

The average methanol import price stood at $1,166 per ton in 2021, surging by 37% against the previous year.

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

New Zealand

Data coverage:

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