From 2013 to 2023, the export volume of Methyl Alcohol from the UK has shown a consistent declining trend. Starting at 10.982 million kilograms in 2013, it fell sharply to 3.4762 million kilograms by 2023. Noteworthy year-on-year changes include a steep decline of 55.4% in 2013, a marginal increase in 2021, and a resumption of decline thereafter. The average decline per year over the last 5 years (CAGR) was -11.19%. Forecasts predict continued shrinkage, reaching just 0.6013 million kilograms in 2028, with an anticipated 5-year CAGR of -26.85% and an overall drop of 79.06% from 2023 levels.
Future trends to watch for include the impact of regulatory changes, shifts in global demand for Methyl Alcohol, and advancements in alternative chemicals and technologies. Monitoring these factors will be crucial for anticipating further market dynamics.
