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

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

In 2021, the Polish diethylene glycol and digol market increased by 75% to $X, rising for the fifth year in a row after three years of decline. In general, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, diethylene glycol and digol production surged to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.6% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 27%. Diethylene glycol and digol production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports from Poland

Diethylene glycol and digol exports from Poland contracted to X tons in 2021, which is down by -14.6% against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 677% against the previous year. 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 declined to $X in 2021. In general, exports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 682% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons) was the main destination for diethylene glycol and digol exports from Poland, with a 27% share of total exports. Moreover, diethylene glycol and digol exports to Slovenia exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. Russia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia amounted to +24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-5.6% per year) and Russia (+25.9% per year).

In value terms, Slovenia ($X) remains the key foreign market for X-oxydiethanol (diethylene glycol, digol) exports from Poland, comprising 30% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 13% share of total exports. It was followed by Austria, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia totaled +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-2.6% per year) and Austria (+14.9% per year).

Export Prices by Country

In 2021, the average diethylene glycol and digol export price amounted to $X per ton, increasing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2017 an increase of 41%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Slovakia ($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 UK (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Poland

In 2021, imports of X-oxydiethanol (diethylene glycol, digol) into Poland surged to X tons, with an increase of 72% on 2020 figures. Overall, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diethylene glycol and digol imports soared to $X in 2021. Over the period under review, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Russia (X tons) and Belgium (X tons) were the main suppliers of diethylene glycol and digol imports to Poland, together comprising 84% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and Belgium ($X) constituted the largest diethylene glycol and digol suppliers to Poland, together accounting for 84% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +42.9%, 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 average diethylene glycol and digol import price amounted to $X per ton, increasing by 43% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. 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 +71.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 54%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Saudi Arabia ($X per ton) and the Netherlands ($X per ton), while the price for the United States ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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