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

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

After four years of decline, the South African diethylene glycol and digol market increased by 73% to $X in 2021. Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Diethylene glycol and digol consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

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

Exports from South Africa

In 2021, overseas shipments of X-oxydiethanol (diethylene glycol, digol) increased by 150% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted a modest increase. The growth pace was the most rapid in 2014 when exports increased by 14,756%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, diethylene glycol and digol exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 6,483% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Zimbabwe (X tons), Namibia (X tons) and Botswana (X kg) were the main destinations of diethylene glycol and digol exports from South Africa, together comprising 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for Zimbabwe (with a CAGR of +37.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Namibia ($X) and Botswana ($X) constituted the largest markets for diethylene glycol and digol exported from South Africa worldwide, with a combined 72% share of total exports.

Zimbabwe, with a CAGR of +31.2%, recorded the highest growth rate of the value of exports, in terms of 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

The average diethylene glycol and digol export price stood at $X per ton in 2021, jumping by 111% against the previous year. Over the period under review, the export price, however, recorded a mild decrease. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Botswana ($X per ton), while the average price for exports to Zimbabwe ($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 Botswana (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into South Africa

In 2021, approx. X tons of X-oxydiethanol (diethylene glycol, digol) were imported into South Africa; picking up by 29% compared with the previous year's figure. In general, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.4% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of 56%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, diethylene glycol and digol imports surged to $X in 2021. Over the period under review, imports enjoyed a slight expansion. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of diethylene glycol and digol to South Africa, accounting for a 76% share of total imports. Moreover, diethylene glycol and digol imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+42.4% per year) and the United Arab Emirates (+33.1% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of X-oxydiethanol (diethylene glycol, digol) to South Africa, comprising 74% of total imports. The second position in the ranking was held by Thailand ($X), with a 10% share of total imports. It was followed by the United Arab Emirates, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+34.1% per year) and the United Arab Emirates (+32.1% per year).

Import Prices by Country

The average diethylene glycol and digol import price stood at $X per ton in 2021, rising by 77% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. 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 noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United Arab Emirates ($X per ton) and Kuwait ($X per ton), while the price for Saudi Arabia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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