Key Market Indicators
In 2021, the country was number 11 in terms of import, China led the ranking with 154,930,000 Kilograms. The United States, South Korea and Russia respectively ranked numbers 2, 3 and 4 in this ranking. UK exports of methanol are forecast to decline 15.3% a year on average between 2021 and 2026, reaching 1.8 million kg by 2026 - down from 4.6 million kg in 2021. This follows a 10% annual decline since 1998. In 2021, the UK was the 38th largest exporter of methanol, behind Argentina, which exported 4.6 million kg. Iran, Saudi Arabia and the US were the second, third and fourth largest exporters respectively. UK imports of methanol are forecast to increase 0.2% a year on average between 2021 and 2026, reaching 156 million kg by 2026 - up from 155 million kg in 2021. This follows a 2.3% annual decline since 1998. In 2021, the UK was the 11th largest importer of methanol, behind China, which imported 155 million kg. The US, South Korea and Russia were the second, third and fourth largest importers respectively.
