Report Update Feb 1, 2025

Singapore - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Ethylene Glycol Market 2025

Ethylene Glycol Market Size in Singapore

In 2022, after four years of decline, there was significant growth in the Singaporean ethylene glycol market, when its value increased by 15,777% to $X. In general, consumption enjoyed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ethylene Glycol Production in Singapore

In value terms, ethylene glycol production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 83%. Ethylene glycol production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Ethylene Glycol Exports

Exports from Singapore

In 2022, approx. X tons of ethylene glycol (ethanediol) were exported from Singapore; dropping by -39.4% compared with the previous year. Over the period under review, exports showed a pronounced setback. The pace of growth appeared the most rapid in 2017 with an increase of 57% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene glycol exports dropped markedly to $X in 2022. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 106% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), India (X tons) and Indonesia (X tons) were the main destinations of ethylene glycol exports from Singapore, together comprising 68% of total exports. Vietnam, China and South Korea lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +24.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethylene glycol exported from Singapore were Thailand ($X), Indonesia ($X) and India ($X), with a combined 67% share of total exports. Vietnam, China and South Korea lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Vietnam, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ethylene glycol export price amounted to $X per ton, shrinking by -8% against the previous year. In general, the export price showed a abrupt contraction. The growth pace was the most rapid in 2021 an increase of 43%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.5%), while the prices for the other major destinations experienced a decline.

Ethylene Glycol Imports

Imports into Singapore

In 2022, imports of ethylene glycol (ethanediol) into Singapore skyrocketed to X tons, picking up by 59% compared with the previous year. In general, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 292%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene glycol imports surged to $X in 2022. Overall, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 243%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main ethylene glycol supplier to Singapore, accounting for a 91% share of total imports. Moreover, ethylene glycol imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to -10.8%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of ethylene glycol (ethanediol) to Singapore, comprising 83% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 7.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia amounted to -16.6%.

Import Prices by Country

In 2022, the average ethylene glycol import price amounted to $X per ton, waning by -18.4% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-4.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene glycol (ethanediol) in the world?

China remains the largest ethylene glycol consuming country worldwide, comprising approx. 32% of total volume. Moreover, ethylene glycol consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. Taiwan Chinese) ranked third in terms of total consumption with a 6.6% share.

What are the largest producers of ethylene glycol (ethanediol) in the world?

The countries with the highest volumes of in 2021 were Saudi Arabia, the United States and Canada, together comprising 45% of global production.

What are the leading suppliers of ethylene glycol (ethanediol) to Singapore?

In value terms, Saudi Arabia constituted the largest supplier of ethylene glycol to Singapore, comprising 85% of total imports. The second position in the ranking was occupied by Malaysia, with a 6.5% share of total imports.

What are the leading importers of ethylene glycol (ethanediol) from Singapore?

In value terms, China remains the key foreign market for ethylene glycol exports from Singapore, comprising 63% of total exports. The second position in the ranking was occupied by Indonesia, with a 13% share of total exports. It was followed by Vietnam, with a 9.5% share.

What is the average export price for ethylene glycol (ethanediol) in Singapore?

In 2021, the average ethylene glycol export price amounted to $534 per ton, with an increase of 13% against the previous year.

What is the average import price for ethylene glycol (ethanediol) in Singapore?

In 2021, the average ethylene glycol import price amounted to $555 per ton, picking up by 9.8% against the previous year.

This report provides an in-depth analysis of the ethylene glycol market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142310 - Ethylene glycol (ethanediol)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024