The methanol market in Hungary has experienced fluctuations over the past decade, with volumes peaking at 115.79 million kilograms in 2023. A notable surge occurred between 2017 and 2019, after which growth largely stagnated. The past two years have shown a moderate rebound, achieving a year-on-year increase of 2.53% in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) is 0.69%, indicating stability with mild growth potential.
Future trends to watch for:
- Increasing demand in renewable energy and fuel sectors.
- Potential impacts of environmental regulations on production and consumption.
- Technological advancements in methanol production.
- Economic factors influencing market dynamics.
| # | 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% | View data |
| 6 | 6 Hungary | 115,790,000 | 2023 | +2.53% | +0.69% | |
| 7 | 7 Czech Republic | 94,350,000 | 2023 | +0.88% | +2.86% | View data |
| 8 | 8 Lithuania | 81,235,000 | 2023 | +2.7% | +1.28% | View data |
