The Methanol market size in Belgium saw significant fluctuations from 2013 to 2023. Starting at 240.69 million euros in 2013, it slightly increased in 2014 before dropping sharply by 21.35% in 2015. This downward trend continued until 2017, albeit at a slower pace. From 2018, the market generally stabilized with minor variations, reaching 185.02 million euros in 2023, representing a year-on-year decrease of 0.83%. The last two years saw average variations of -0.83%, while the average variation per year over the last five years was 0.36%.
Future trends to watch for:
- The forecast indicates a gradual decline in methanol market value, with an average annual decrease of 0.66% over the next five years.
- Anticipate the market value to drop to 177.48 million euros by 2028, a total forecasted decrease of 3.27% from 2023.
