Methanol Market Overview in Taiwan, Chinese
Market Overview
In 2019, the Taiwanese methanol market increased by 
% to $, rising for the second year in a row after two years of decline. In general, consumption posted a measured expansion. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Methanol consumption peaked in 2019 and is expected to retain growth in the near future.
% to $, rising for the second year in a row after two years of decline. In general, consumption posted a measured expansion. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Methanol consumption peaked in 2019 and is expected to retain growth in the near future.Consumption
In 2019, consumption of methanol (methyl alcohol) increased by % to tonnes, rising for the second consecutive year after two years of decline. In general, consumption recorded a pronounced expansion. The growth pace was the most rapid in 2011 with an increase of % year-to-year. Methanol consumption peaked in 2019 and is expected to retain growth in the immediate term.
The revenue of the methanol market in Taiwan, Chinese was estimated at $ in 2019, approximately equating 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, consumption enjoyed a notable increase. The pace of growth was the most pronounced in 2011 with an increase of % y-o-y. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in years to come.
% to tonnes, rising for the second consecutive year after two years of decline. In general, consumption recorded a pronounced expansion. The growth pace was the most rapid in 2011 with an increase of % year-to-year. Methanol consumption peaked in 2019 and is expected to retain growth in the immediate term.The revenue of the methanol market in Taiwan, Chinese was estimated at $
in 2019, approximately equating 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, consumption enjoyed a notable increase. The pace of growth was the most pronounced in 2011 with an increase of % y-o-y. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in years to come.Market Forecast
Driven by increasing demand for methanol in Taiwan, Chinese, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
Taiwan, Chinese remains a net importer of methanol; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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