Northern America: Methanol Market 2025

Methanol Market Size in Northern America

In 2022, the North American methanol market decreased by -27.5% to $X, falling for the second year in a row after four years of growth. In general, consumption continues to indicate a slight setback. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Methanol Production in Northern America

In value terms, methanol production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 161% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Methanol Exports

Exports in Northern America

Methanol exports skyrocketed to X tons in 2022, jumping by 26% compared with 2021. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 100%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, methanol exports soared to $X in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 115% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States dominates exports structure, accounting for X tons, which was approx. 91% of total exports in 2022. It was distantly followed by Canada (X tons), comprising a 9.2% share of total exports.

The United States was also the fastest-growing in terms of the methanol (methyl alcohol) exports, with a CAGR of +39.9% from 2012 to 2022. At the same time, Canada (+6.4%) displayed positive paces of growth. While the share of the United States (+52 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-51.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest methanol supplier in Northern America, comprising 88% of total exports. The second position in the ranking was held by Canada ($X), with a 12% share of total exports.

In the United States, methanol exports expanded at an average annual rate of +36.3% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, rising by 5.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 44%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.5%).

Methanol Imports

Imports in Northern America

In 2022, the amount of methanol (methyl alcohol) imported in Northern America fell significantly to X tons, with a decrease of -34.4% against the year before. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 87%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, methanol imports reduced remarkably to $X in 2022. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the major importer of methanol (methyl alcohol) in Northern America, with the volume of imports recording X tons, which was near 75% of total imports in 2022. It was distantly followed by Canada (X tons), committing a 25% share of total imports.

Imports into the United States decreased at an average annual rate of -11.3% from 2012 to 2022. At the same time, Canada (+8.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +8.1% from 2012-2022. From 2012 to 2022, the share of Canada increased by +21 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported methanol (methyl alcohol) in Northern America, comprising 81% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

In the United States, methanol imports shrank by an average annual rate of -9.2% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, with an increase of 25% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +88.0% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 51% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.3%).

Source: IndexBox Platform

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