The import of methyl alcohol to Spain has shown varied trends from 2013 to 2023, with fluctuations reflecting both increases and decreases. By 2023, the import volume stood at 572.3 million kilograms. The year-on-year variation has generally been positive, barring some years with significant declines such as 2020, when there was a -16.34% drop, followed by a strong recovery in 2021 with a 21.42% increase. Over the last two years, the import volume has increased by 0.75% in 2022 and 0.73% in 2023. Notably, the Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) is 0.78%.
Future trends to watch for include the forecasted steady increase in imports, reaching 594.08 million kilograms by 2028, with a five-year CAGR of 0.59%. This suggests a moderate but consistent growth rate of 2.98% over the forecast period. Close attention should be given to potential changes in market demand, economic conditions, and supply chain disruptions which could affect these projections.
