The Methanol Market in Belgium has shown variable trends over the past decade. From 2012 to 2022, the market exhibited fluctuations with a notable peak in 2018 at 593.78 million kilograms and significant dips in 2015 and 2019. The highest year-on-year growth occurred in 2018 with a 10.25% increase, contrasting sharply with the largest decline in 2019 at -13.49%. Over the past five years, the compound annual growth rate (CAGR) was relatively moderate at 0.65%. More recently, the market experienced contractions with slight rebounds, registering a year-on-year change of 0.26% in 2022.
Future trends to watch for include potential increases in methanol demand driven by industrial applications and sustainable energy shifts. Monitoring advancements in bio-methanol and renewable methanol production technologies could be key as Belgium aligns with EU climate goals. Additionally, policy changes and global economic factors will likely influence market dynamics.
How does Belgium rank in Methanol Market Size Volume?
| # | 11 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,179,300,000 | 2023 | +0.88% | +3.02% | View data |
| 2 | 2 United Kingdom | 843,760,000 | 2023 | -0.56% | -0.57% | View data |
| 3 | 3 Spain | 671,100,000 | 2023 | +3.14% | +1.54% | View data |
| 4 | 4 France | 586,420,000 | 2023 | +0.42% | -2.53% | View data |
| 5 | 5 Belgium | 551,610,000 | 2023 | +0.07% | -1.46% | |
| 6 | 6 Hungary | 115,790,000 | 2023 | +2.53% | +0.69% | View data |
| 7 | 7 Czech Republic | 94,350,000 | 2023 | +0.88% | +2.86% | View data |
