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

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

The Dutch diethylene glycol and digol market skyrocketed to $X in 2021, rising by 165% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a perceptible expansion. 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 the Netherlands

In 2021, after two years of decline, there was significant growth in shipments abroad of X-oxydiethanol (diethylene glycol, digol), when their volume increased by 35% to X tons. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, diethylene glycol and digol exports skyrocketed to $X in 2021. Overall, exports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 67%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Belgium (X tons) and the UK (X tons) were the main destinations of diethylene glycol and digol exports from the Netherlands, with a combined 75% share of total exports. These countries were followed by France, Finland, Italy, Sweden and Poland, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +31.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diethylene glycol and digol exported from the Netherlands were Germany ($X), Belgium ($X) and France ($X), with a combined 65% share of total exports. These countries were followed by Italy, the UK, Sweden, Poland and Finland, which together accounted for a further 18%.

Sweden, with a CAGR of +34.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, approximately equating the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 89%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Finland ($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 France (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the Netherlands

In 2021, overseas purchases of X-oxydiethanol (diethylene glycol, digol) increased by 111% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a slight contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, diethylene glycol and digol imports soared to $X in 2021. Overall, imports enjoyed a mild increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest diethylene glycol and digol supplier to the Netherlands, accounting for a 67% share of total imports. Moreover, diethylene glycol and digol imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+34.9% per year) and Russia (+45.1% per year).

In value terms, Belgium ($X) constituted the largest supplier of X-oxydiethanol (diethylene glycol, digol) to the Netherlands, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.6% per year) and Russia (+35.1% per year).

Import Prices by Country

In 2021, the average diethylene glycol and digol import price amounted to $X per ton, surging by 12% against the previous year. Overall, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diethylene glycol and digol import price increased by +38.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 40% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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