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

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

In 2021, after two years of decline, there was significant growth in the East European diethylene glycol and digol market, when its value increased by 59% to $X. The total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, diethylene glycol and digol production expanded rapidly to $X in 2021 estimated in export price. Overall, production saw a perceptible decline. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

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

Exports in Eastern Europe

In 2021, after three years of decline, there was significant growth in overseas shipments of X-oxydiethanol (diethylene glycol, digol), when their volume increased by 22% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 79% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, diethylene glycol and digol exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was near 93% of total exports in 2021. The following exporters - Poland (X tons) and the Czech Republic (X tons) - together made up 5.7% of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of X-oxydiethanol (diethylene glycol, digol). At the same time, the Czech Republic (+29.7%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +29.7% from 2012-2021. Poland experienced a relatively flat trend pattern. While the share of the Czech Republic (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest diethylene glycol and digol supplier in Eastern Europe, comprising 89% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 5.5% share of total exports.

In Russia, diethylene glycol and digol exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+38.6% per year) and Poland (+2.0% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, with an increase of 54% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.9%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Eastern Europe

In 2021, imports of X-oxydiethanol (diethylene glycol, digol) in Eastern Europe skyrocketed to X tons, increasing by 67% against 2020. In general, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, diethylene glycol and digol imports soared to $X in 2021. Overall, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland dominates imports structure, finishing at X tons, which was near 56% of total imports in 2021. Lithuania (X tons) took an 8.9% share (based on physical terms) of total imports, which put it in second place, followed by Estonia (8.6%), Hungary (6.1%), the Czech Republic (5%) and Russia (5%). Belarus (X tons) followed a long way behind the leaders.

Imports into Poland increased at an average annual rate of +13.0% from 2012 to 2021. At the same time, Russia (+24.7%), Belarus (+16.7%), the Czech Republic (+12.0%), Lithuania (+8.3%) and Hungary (+7.8%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +24.7% from 2012-2021. Estonia experienced a relatively flat trend pattern. Poland (+15 p.p.), Russia (+3.5 p.p.) and Belarus (+2 p.p.) significantly strengthened its position in terms of the total imports, while Estonia saw its share reduced by -9.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported X-oxydiethanol (diethylene glycol, digol) in Eastern Europe, comprising 54% of total imports. The second position in the ranking was taken by Estonia ($X), with an 8.7% share of total imports. It was followed by Lithuania, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value in Poland stood at +14.1%. In the other countries, the average annual rates were as follows: Estonia (+0.6% per year) and Lithuania (+8.5% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, surging by 47% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs 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, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Hungary ($X per ton), while Belarus ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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