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

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

In 2021, the Europe diethylene glycol and digol market increased by 62% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. 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 Europe

In value terms, diethylene glycol and digol production shrank markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 53%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

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

Exports in Europe

In 2021, overseas shipments of X-oxydiethanol (diethylene glycol, digol) increased by 5.2% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 82% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, diethylene glycol and digol exports skyrocketed to $X in 2021. In general, exports saw a tangible expansion. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium dominates exports structure, resulting at X tons, which was approx. 79% of total exports in 2021. Germany (X tons) took a 9.2% share (based on physical terms) of total exports, which put it in second place, followed by Russia (5.9%). The following exporters - the Netherlands (X tons) and Italy (X tons) - each resulted at a 4.6% share of total exports.

Exports from Belgium increased at an average annual rate of +1.9% from 2012 to 2021. At the same time, Germany (+16.6%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in Europe, with a CAGR of +16.6% from 2012-2021. Russia experienced a relatively flat trend pattern. By contrast, Italy (-1.9%) and the Netherlands (-9.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany increased by +6.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest diethylene glycol and digol supplier in Europe, comprising 76% of total exports. The second position in the ranking was held by Germany ($X), with a 9.3% share of total exports. It was followed by Russia, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value in Belgium stood at +2.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+17.0% per year) and Russia (-0.4% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, growing by 79% against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs 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 ($X per ton), while Russia ($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 Netherlands (+8.6%), while the other leaders experienced more modest paces of growth.

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

Imports in Europe

Diethylene glycol and digol imports soared to X tons in 2021, increasing by 24% against the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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. Over the period under review, imports recorded notable growth. As a result, imports reached 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 main importer of X-oxydiethanol (diethylene glycol, digol) in Europe, making up 63% of total import. Spain (X tons) held an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by the UK (6.1%), the Netherlands (6%) and Poland (5.4%).

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, the largest diethylene glycol and digol importing markets in Europe were Germany ($X), Italy ($X) and Belgium ($X), together accounting for 61% of total imports. These countries were followed by Spain, the Netherlands, the UK and Poland, which together accounted for a further 27%.

Poland, with a CAGR of +14.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, increasing by 61% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($X per ton) and Poland ($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