Azerbaijan - Methanol (Methyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethanol Price in Azerbaijan - 2023
Contents:
- Methanol Price in Azerbaijan (FOB) - 2023
- Methanol Price in Azerbaijan (CIF) - 2022
- Methanol Exports in Azerbaijan
- Methanol Imports in Azerbaijan
Methanol Price in Azerbaijan (FOB) - 2023
The average methanol export price stood at $140 per ton in September 2023, standing approximately at the previous month. Over the period under review, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 8.4% against the previous month. Over the period under review, the average export prices hit record highs at $240 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In September 2023, the countries with the highest prices were Slovenia ($140 per ton) and Romania ($140 per ton), while the average price for exports to Italy ($140 per ton) and Turkey ($140 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (0.0%), while the prices for the other major destinations experienced a decline.
Methanol Price in Azerbaijan (CIF) - 2022
In 2022, the average methanol import price amounted to $8,700 per ton, picking up by 35% against the previous year. Over the period under review, the import price posted a significant increase. The growth pace was the most rapid in 2020 an increase of 165%. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($17,114 per ton), while the price for Turkey ($1,102 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Methanol Exports in Azerbaijan
In 2022, exports of methanol (methyl alcohol) from Azerbaijan soared to 504K tons, picking up by 41% on the previous year. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, methanol exports skyrocketed to $132M in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 76% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Methanol in Azerbaijan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 8.1 | 4.1 | 12.5 | 44.8 | 76.8% |
Turkey | 29.7 | 21.4 | 40.9 | 35.9 | 6.5% |
Romania | 6.2 | 6.1 | 7.7 | 23.1 | 55.0% |
Italy | 8.4 | 8.9 | 7.8 | 11.8 | 12.0% |
Spain | 1.4 | 0.4 | 5.3 | 7.5 | 75.0% |
Israel | 2.0 | 2.4 | 8.3 | 6.1 | 45.0% |
Egypt | 5.9 | N/A | N/A | 2.1 | -29.1% |
Argentina | N/A | 5.5 | N/A | N/A | 0% |
Others | 2.8 | 2.3 | 7.5 | 0.8 | -34.1% |
Total | 64.6 | 51.2 | 90.1 | 132 | 26.9% |
Top Export Markets for Methanol from Azerbaijan in 2022:
- Netherlands (180.2K tons)
- Turkey (129.4K tons)
- Romania (85.8K tons)
- Italy (45.2K tons)
- Spain (26.7K tons)
- Israel (24.7K tons)
- Egypt (8.2K tons)
Methanol Imports in Azerbaijan
In 2022, the amount of methanol (methyl alcohol) imported into Azerbaijan skyrocketed to 2.5 tons, with an increase of 28% compared with the previous year's figure. Overall, imports, however, showed a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year.
In value terms, methanol imports skyrocketed to $22K in 2022. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 132%.
Import of Methanol in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4.2 | 5.5 | 6.6 | 19.4 | 66.5% |
Turkey | 0.3 | N/A | 1.1 | 1.4 | 67.1% |
France | 2.2 | N/A | 0.9 | 1.1 | -20.6% |
Kuwait | 27.5 | N/A | N/A | N/A | 0% |
Belgium | 2.9 | N/A | N/A | N/A | 0% |
United Arab Emirates | N/A | N/A | 4.0 | N/A | 0% |
Netherlands | 1.4 | N/A | N/A | N/A | 0% |
Others | 0.3 | N/A | 0.1 | N/A | -42.3% |
Total | 38.8 | 5.5 | 12.7 | 21.9 | -17.4% |
Top Suppliers of Methanol to Azerbaijan in 2022:
- Turkey (1250.0 kg)
- Germany (1131.0 kg)
- France (131.0 kg)
This report provides an in-depth analysis of the methanol market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20142210 - Methanol (methyl alcohol)
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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