Key Market Indicators
Saudi Arabia is set to become the third-largest importer of methanol by 2026. Demand is forecast to increase by 2.9% year on year on average, from 1.04 million kilograms in 2021 to 1.24 million kilograms by 2026. Since 1996, the average annual increase has been 3.7%. At the same time, the country's supply is expected to decrease by an average of 0.3% year on year, from 3.87 billion kilograms in 2021 to 3.80 billion kilograms by 2026. Since 1996, the average annual decrease has been 2.6%. In 2021, Iran was the world's second-largest exporter of methanol, with 3.87 billion kilograms, followed by Saudi Arabia, the United States, and others.
