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

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

The MENA's diethylene glycol and digol market rose markedly to $X in 2021, with an increase of 13% against the previous year. In general, consumption continues to indicate a significant increase. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

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

In value terms, diethylene glycol and digol production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 15%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

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

Exports in MENA

In 2021, after three years of decline, there was growth in overseas shipments of X-oxydiethanol (diethylene glycol, digol), when their volume increased by 3.5% to X tons. Overall, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 259% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, diethylene glycol and digol exports surged to $X in 2021. In general, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 312% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Kuwait represented the key exporting country with an export of about X tons, which finished at 55% of total exports. Iran (X tons) ranks second in terms of the total exports with a 29% share, followed by Saudi Arabia (6.5%). Oman (X tons), the United Arab Emirates (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +75.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X) remains the largest diethylene glycol and digol supplier in MENA, comprising 57% of total exports. The second position in the ranking was taken by Iran ($X), with a 27% share of total exports. It was followed by Saudi Arabia, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value in Kuwait was relatively modest. In the other countries, the average annual rates were as follows: Iran (-3.3% per year) and Saudi Arabia (-36.9% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, jumping by 45% against the previous year. Over the period under review, the export price, however, saw a mild setback. The level of export peaked 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 amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.6%), while the other leaders experienced a decline in the export price figures.

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

Imports in MENA

Diethylene glycol and digol imports skyrocketed to X tons in 2021, increasing by 73% against 2020. Over the period under review, imports showed strong growth. 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. Overall, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey represented the major importing country with an import of around X tons, which resulted at 62% of total imports. It was distantly followed by Egypt (X tons), comprising a 29% share of total imports. The following importers - Qatar (X tons) and the United Arab Emirates (X tons) - each accounted for a 4.2% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to diethylene glycol and digol imports into Turkey stood at +18.1%. At the same time, Egypt (+66.6%), Qatar (+43.3%) and the United Arab Emirates (+9.6%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of +66.6% from 2012-2021. Egypt (+28 p.p.) and Qatar (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Turkey saw its share reduced by -2.1% and -5.8% from 2012 to 2021, respectively.

In value terms, Turkey ($X), Egypt ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 94% of total imports.

In terms of the main importing countries, Egypt, with a CAGR of +62.1%, saw the highest rates of growth with regard to 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 MENA amounted to $X per ton, picking up by 58% against the previous year. In general, the import price, however, recorded a mild curtailment. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform