The export of methyl alcohol from Malaysia has demonstrated significant variability over the years. From 2013 to 2023, the volume fluctuated with a mix of positive and negative year-on-year variations. The most notable jump was in 2016 with a 53.79% increase and the lowest in 2013 with a -26.08% decline. By 2023, the exports stood at 2029.3 million kilograms, reflecting a moderate growth trend. The Compound Annual Growth Rate (CAGR) over the last five years was 4.29%, indicating steady progress.
Forecasts suggest a continued steady increase, with the export volume expected to reach 2364.3 million kilograms by 2028. The forecasted five-year CAGR is projected at 2.4%, reinforcing expectations of consistent, albeit gradual, growth.
Future trends to watch for include:
- Global market demand shifts
- Technological advancements in production
- Regulatory changes impacting export capacity
- Competitiveness from other regional producers
