Austria: Market for 2,2-Oxydiethanol (Diethylene Glycol, Digol) 2024

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

In 2021, the Austrian diethylene glycol and digol market increased by 37% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

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

Exports from Austria

For the fourth year in a row, Austria recorded decline in overseas shipments of X-oxydiethanol (diethylene glycol, digol), which decreased by -39.5% to X tons in 2021. In general, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 99%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, diethylene glycol and digol exports declined rapidly to $X in 2021. Overall, exports saw a significant contraction. The most prominent rate of growth was recorded in 2015 with an increase of 87% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for diethylene glycol and digol exports from Austria, accounting for a 53% share of total exports. Moreover, diethylene glycol and digol exports to Hungary exceeded the volume sent to the second major destination, Bangladesh (X kg), threefold. Romania (X kg) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-34.5% per year) and Romania (-9.2% per year).

In value terms, the largest markets for diethylene glycol and digol exported from Austria were Hungary ($X), Bangladesh ($X) and Switzerland ($X), together accounting for 90% of total exports.

Among the main countries of destination, Hungary, with a CAGR of +3.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average diethylene glycol and digol export price stood at $X per ton in 2021, falling by -33% against the previous year. Over the period under review, the export price, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 117% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Austria

Diethylene glycol and digol imports into Austria contracted to X tons in 2021, waning by -1.7% on 2020 figures. Overall, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2015 with an increase of 12%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, diethylene glycol and digol imports soared to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of diethylene glycol and digol imports to Austria, together comprising 97% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +52.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest diethylene glycol and digol suppliers to Austria were Belgium ($X), Germany ($X) and Italy ($X), with a combined 97% share of total imports.

Italy, with a CAGR of +43.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average diethylene glycol and digol import price amounted to $X per ton, rising by 85% against the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diethylene glycol and digol import price increased by +89.3% against 2019 indices. Over the period under review, average import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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