Methanol Market in Libya
In value terms, methanol production expanded markedly to $ in estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2008 with an increase of %. As a result, production attained the peak level of $. From 2009 to , production growth failed to regain momentum.
The value of the methanol market in Libya fell modestly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Over the period under review, the market attained the maximum level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.