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

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

The Middle Eastern diethylene glycol and digol market totaled $X in 2021, increasing by 8.8% against the previous year. In general, consumption saw a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

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

In value terms, diethylene glycol and digol production reached $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15% against the previous year. As a result, production reached 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 the Middle East

In 2021, overseas shipments of X-oxydiethanol (diethylene glycol, digol) were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 258%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, diethylene glycol and digol exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 312%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Kuwait was the key exporting country with an export of about X tons, which finished at 55% of total exports. Iran (X tons) took the second position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together held near 35% share of total exports. 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 most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of +75.1%), while the other leaders experienced more modest paces of growth.

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

In Kuwait, diethylene glycol and digol exports remained relatively stable over the period from 2012-2021. 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 the Middle East amounted to $X per ton, rising by 45% against the previous year. Over the period under review, the export price, however, showed a slight slump. 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 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 the Middle East

For the fourth year in a row, the Middle East recorded growth in purchases abroad of X-oxydiethanol (diethylene glycol, digol), which increased by 37% to X tons in 2021. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 52% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, diethylene glycol and digol imports soared to $X in 2021. In general, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates imports structure, amounting to X tons, which was near 89% of total imports in 2021. Qatar (X tons), the United Arab Emirates (X tons), Oman (X tons) and Palestine (X tons) held a little 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, Qatar (+43.3%), Palestine (+18.2%), the United Arab Emirates (+9.6%) and Oman (+2.9%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +43.3% from 2012-2021. From 2012 to 2021, the share of Turkey and Qatar increased by +15 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported X-oxydiethanol (diethylene glycol, digol) in the Middle East, comprising 87% of total imports. The second position in the ranking was taken by Qatar ($X), with a 4.9% share of total imports. It was followed by the United Arab Emirates, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +15.7%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+33.8% per year) and the United Arab Emirates (+6.4% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, jumping by 64% against the previous year. Overall, the import price, however, saw a pronounced contraction. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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