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

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

Exports in Scandinavia

In 2021, diethylene glycol and digol exports in Scandinavia soared to X tons, rising by 285% compared with 2020. Overall, exports recorded a prominent expansion. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, diethylene glycol and digol exports soared to $X in 2021. In general, exports posted resilient growth. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark represented the main exporter of X-oxydiethanol (diethylene glycol, digol) in Scandinavia, with the volume of exports resulting at X tons, which was near 68% of total exports in 2021. Finland (X tons) ranks second in terms of the total exports with a 19% share, followed by Norway (7.2%) and Sweden (5.9%).

Exports from Denmark increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Finland (+45.0%) and Norway (+19.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +45.0% from 2012-2021. By contrast, Sweden (-3.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland and Norway increased by +17 and +4.2 percentage points, respectively.

In value terms, Denmark ($X) emerged as the largest diethylene glycol and digol supplier in Scandinavia, comprising 59% of total exports. The second position in the ranking was taken by Sweden ($X), with a 23% share of total exports. It was followed by Finland, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark totaled +5.9%. In the other countries, the average annual rates were as follows: Sweden (+15.3% per year) and Finland (+40.8% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, approximately reflecting the previous year. Export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% 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 export price decreased by -15.7% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 37% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+19.2%), while the other leaders experienced a decline in the export price figures.

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

Imports in Scandinavia

In 2021, diethylene glycol and digol imports in Scandinavia surged to X tons, increasing by 39% against 2020 figures. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.4% against 2017 indices. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, diethylene glycol and digol imports surged to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons) and Norway (X tons) represented the key importers of X-oxydiethanol (diethylene glycol, digol) in 2021, amounting to near 46% and 35% of total imports, respectively. It was distantly followed by Denmark (X tons) and Sweden (X tons), together constituting a 19% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +13.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest diethylene glycol and digol importing markets in Scandinavia were Finland ($X), Norway ($X) and Sweden ($X), together comprising 92% of total imports.

Finland, with a CAGR of +10.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, increasing by 45% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform