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

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

The Benelux diethylene glycol and digol market skyrocketed to $X in 2021, jumping by 56% against the previous year. Overall, consumption saw a resilient increase. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of X-Oxydiethanol (Diethylene Glycol, Digol) in Benelux

In value terms, diethylene glycol and digol production contracted remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable setback. The growth pace was the most rapid in 2018 with an increase of 76%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

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

Exports in Benelux

In 2021, approx. X tons of X-oxydiethanol (diethylene glycol, digol) were exported in Benelux; leveling off at 2020 figures. Overall, exports showed a mild increase. The pace of growth appeared the most rapid in 2020 with an increase of 119%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, diethylene glycol and digol exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2020 with an increase of 108% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium dominates exports structure, resulting at X tons, which was near 97% of total exports in 2021. The Netherlands (X tons) held a minor share of total exports.

Belgium was also the fastest-growing in terms of the X-oxydiethanol (diethylene glycol, digol) exports, with a CAGR of +1.9% from 2012 to 2021. The Netherlands (-9.5%) illustrated a downward trend over the same period. While the share of Belgium (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-5.1 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest diethylene glycol and digol supplier in Benelux, comprising 94% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 5.7% share of total exports.

In Belgium, diethylene glycol and digol exports expanded at an average annual rate of +2.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, surging by 83% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.6%).

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

Imports in Benelux

For the third consecutive year, Benelux recorded growth in supplies from abroad of X-oxydiethanol (diethylene glycol, digol), which increased by 4.4% to X tons in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 112% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, diethylene glycol and digol imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 94%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) was the major importer of X-oxydiethanol (diethylene glycol, digol), achieving 78% of total imports. It was distantly followed by the Netherlands (X tons), generating a 22% share of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of X-oxydiethanol (diethylene glycol, digol). The Netherlands (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belgium increased by +3.5 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported X-oxydiethanol (diethylene glycol, digol) in Benelux, comprising 72% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belgium was relatively modest.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, rising by 68% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%).

Source: IndexBox Platform