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

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

The Italian diethylene glycol and digol market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

Exports from Italy

In 2021, after two years of growth, there was significant decline in shipments abroad of X-oxydiethanol (diethylene glycol, digol), when their volume decreased by -19% to X tons. In general, exports recorded a slight slump. The pace of growth appeared the most rapid in 2019 with an increase of 83%. The exports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, diethylene glycol and digol exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 53% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons), Hungary (X tons) and Slovenia (X tons) were the main destinations of diethylene glycol and digol exports from Italy, with a combined 64% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +54.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Hungary ($X) and Slovenia ($X) were the largest markets for diethylene glycol and digol exported from Italy worldwide, with a combined 62% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +59.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average diethylene glycol and digol export price amounted to $X per ton, rising by 89% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to Germany ($X per ton) and Austria ($X per ton), while the average price for exports to France ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Italy

In 2021, the amount of X-oxydiethanol (diethylene glycol, digol) imported into Italy soared to X tons, with an increase of 87% against the previous year's figure. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. In general, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), the United States (X tons) and India (X tons) were the main suppliers of diethylene glycol and digol imports to Italy, together accounting for 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +188.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest diethylene glycol and digol suppliers to Italy were Saudi Arabia ($X), the United States ($X) and India ($X), with a combined 88% share of total imports.

The United States, with a CAGR of +140.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diethylene glycol and digol import price stood at $X per ton in 2021, surging by 9.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 46% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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