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

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

The Kuwaiti diethylene glycol and digol market shrank significantly to $X in 2021, which is down by -53.9% against the previous year. Over the period under review, consumption, however, continues to indicate a measured increase. Diethylene glycol and digol consumption peaked at $X in 2020, and then contracted dramatically in the following year.

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

In value terms, diethylene glycol and digol production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Diethylene glycol and digol production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

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

Exports from Kuwait

In 2021, shipments abroad of X-oxydiethanol (diethylene glycol, digol) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, diethylene glycol and digol exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for diethylene glycol and digol exports from Kuwait, accounting for a 55% share of total exports. Moreover, diethylene glycol and digol exports to China exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by India (X tons), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-4.7% per year) and India (+37.8% per year).

In value terms, China ($X) remains the key foreign market for X-oxydiethanol (diethylene glycol, digol) exports from Kuwait, comprising 54% of total exports. The second position in the ranking was taken by Italy ($X), with a 19% share of total exports. It was followed by India, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-7.4% per year) and India (+32.2% per year).

Export Prices by Country

In 2021, the average diethylene glycol and digol export price amounted to $X per ton, picking up by 24% against the previous year. In general, the export price, however, continues to indicate a mild slump. The growth pace was the most rapid in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices attained the peak figure 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 for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.4%), while the prices for the other major destinations experienced a decline.

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

Imports into Kuwait

After two years of growth, supplies from abroad of X-oxydiethanol (diethylene glycol, digol) decreased by -99.2% to X kg in 2021. In general, imports saw a sharp contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 450% against the previous year. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, diethylene glycol and digol imports reduced sharply to $X in 2021. Over the period under review, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 579% against the previous year. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

The United Arab Emirates (X kg), Saudi Arabia (X kg) and India (X kg) were the main suppliers of diethylene glycol and digol imports to Kuwait, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +32.1%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of X-oxydiethanol (diethylene glycol, digol) to Kuwait, comprising 82% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.5% share of total imports. It was followed by Saudi Arabia, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-42.7% per year) and Saudi Arabia (-30.1% per year).

Import Prices by Country

In 2021, the average diethylene glycol and digol import price amounted to $X per ton, dropping by -20.9% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($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 United States (+23.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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