Overview of the Global Market for 2,2-Oxydiethanol (Diethylene Glycol, Digol)

Market Size for 2,2-Oxydiethanol (Diethylene Glycol, Digol)

The global diethylene glycol and digol market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of X-Oxydiethanol (Diethylene Glycol, Digol)

In value terms, diethylene glycol and digol production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of 2,2-Oxydiethanol (Diethylene Glycol, Digol)

Exports

In 2022, after two years of growth, there was significant decline in shipments abroad of X-oxydiethanol (diethylene glycol, digol), when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, diethylene glycol and digol exports declined to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Saudi Arabia (X tons) was the major exporter of X-oxydiethanol (diethylene glycol, digol), creating X% of total exports. It was distantly followed by Belgium (X tons), the United States (X tons), Canada (X tons), Kuwait (X tons), Taiwan (Chinese) (X tons) and Iran (X tons), together committing a X% share of total exports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of exports of X-oxydiethanol (diethylene glycol, digol). At the same time, the United States (X%), Iran (X%), Kuwait (X%) and Canada (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest diethylene glycol and digol supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Belgium ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia stood at X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average diethylene glycol and digol export price amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced a decline in the export price figures.

Imports of 2,2-Oxydiethanol (Diethylene Glycol, Digol)

Imports

Global diethylene glycol and digol imports amounted to X tons in 2022, almost unchanged from 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, diethylene glycol and digol imports reduced rapidly to $X in 2022. Overall, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) represented the key importer of X-oxydiethanol (diethylene glycol, digol), comprising X% of total imports. The United States (X tons) ranks second in terms of the total imports with an X% share, followed by Belgium (X%), Germany (X%) and Italy (X%). The following importers - Turkey (X tons), the United Arab Emirates (X tons), South Korea (X tons), Spain (X tons), India (X tons), the Netherlands (X tons), Poland (X tons) and Mexico (X tons) - together made up X% of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of X-oxydiethanol (diethylene glycol, digol). At the same time, the United Arab Emirates (X%), India (X%), South Korea (X%), Turkey (X%), Poland (X%), Mexico (X%), Spain (X%), Belgium (X%) and Germany (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, the United States (X%) and the Netherlands (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Turkey (X p.p.), South Korea (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global imports, while the United States and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported X-oxydiethanol (diethylene glycol, digol) worldwide, comprising X% of global imports. The second position in the ranking was held by the United States ($X), with a X% share of global imports. It was followed by Belgium, with an X% share.

In China, diethylene glycol and digol imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average diethylene glycol and digol import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and the Netherlands ($X per ton), while China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform