The Methanol market in the UK experienced fluctuations over the past decade. The market peaked in 2016 at 930.92 Million Kilograms, followed by consistent variations. Notably, 2020 saw a significant downturn of 17.49%, dropping to 712.42 Million Kilograms. Recovery efforts led to a 19.79% increase in 2021, bringing the value to 853.38 Million Kilograms. In 2022, the market slightly declined by 0.57%, ending at 848.52 Million Kilograms. The average annual change over the last five years reflected a minimal decrease with a CAGR of -0.12%.
Looking ahead, factors to watch include advancements in renewable methanol production, which could drive market growth, regulatory changes targeting emissions, and shifts in raw material prices. These elements will shape the market trends and demand for methanol in the UK.
| # | 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% | |
| 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% | View data |
