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

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

The EU diethylene glycol and digol market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, diethylene glycol and digol production dropped rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of 72%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

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

Exports in the EU

In 2021, approx. X tons of X-oxydiethanol (diethylene glycol, digol) were exported in the European Union; rising by 4.2% compared with 2020 figures. Over the period under review, exports recorded a slight increase. The most prominent rate of growth was recorded in 2020 when exports increased by 94%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, diethylene glycol and digol exports surged to $X in 2021. Overall, exports posted a perceptible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium dominates exports structure, accounting for X tons, which was near 84% of total exports in 2021. It was distantly followed by Germany (X tons), achieving a 9.7% share of total exports. The following exporters - the Netherlands (X tons) and Italy (X tons) - each amounted to a 4.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to diethylene glycol and digol exports from Belgium stood at +1.9%. At the same time, Germany (+16.6%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +16.6% from 2012-2021. By contrast, Italy (-1.9%) and the Netherlands (-9.5%) illustrated a downward trend over the same period. While the share of Germany (+6.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest diethylene glycol and digol supplier in the European Union, comprising 80% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.9% share of total exports. It was followed by the Netherlands, with a 4.9% share.

In Belgium, diethylene glycol and digol exports increased at an average annual rate of +2.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+17.0% per year) and the Netherlands (-1.7% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 81% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Belgium ($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 Netherlands (+8.6%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2021, the amount of X-oxydiethanol (diethylene glycol, digol) imported in the European Union soared to X tons, picking up by 23% compared with the year before. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 surged to $X in 2021. Over the period under review, imports showed a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), Belgium (X tons) and Italy (X tons) represented the major importer of X-oxydiethanol (diethylene glycol, digol) in the European Union, creating 69% of total import. It was distantly followed by Spain (X tons), the Netherlands (X tons) and Poland (X tons), together mixing up a 21% share of total imports. France (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +13.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021, with a combined 66% share of total imports. These countries were followed by Spain, the Netherlands, Poland and France, which together accounted for a further 26%.

In terms of the main importing countries, Poland, with a CAGR of +14.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, growing by 59% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Belgium ($X per ton) and Italy ($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 Netherlands (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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