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

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

The Southeast Asian diethylene glycol and digol market skyrocketed to $X in 2021, rising by 59% against the previous year. Overall, consumption showed a measured expansion. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Production of X-Oxydiethanol (Diethylene Glycol, Digol) in South-Eastern Asia

In value terms, diethylene glycol and digol production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

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

Exports in South-Eastern Asia

In 2021, the amount of X-oxydiethanol (diethylene glycol, digol) exported in South-Eastern Asia shrank to X tons, which is down by -11% compared with the previous year. The total export volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, diethylene glycol and digol exports surged to $X in 2021. Overall, exports, however, posted mild growth. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand represented the main exporter of X-oxydiethanol (diethylene glycol, digol) in South-Eastern Asia, with the volume of exports resulting at X tons, which was near 60% of total exports in 2021. Singapore (X tons) took a 34% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (4.5%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Singapore (with a CAGR of +10.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

Among the main exporting countries, Singapore, with a CAGR of +7.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, increasing by 70% against the previous year. In general, the export price, however, recorded a perceptible slump. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.6%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

Diethylene glycol and digol imports surged to X tons in 2021, jumping by 48% compared with the previous year's figure. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 71%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

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

Imports by Country

The countries with the highest levels of diethylene glycol and digol imports in 2021 were Indonesia (X tons), Vietnam (X tons), Singapore (X tons) and the Philippines (X tons), together amounting to 93% of total import. It was distantly followed by Malaysia (X tons), achieving a 6.7% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +19.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 75% of total imports.

Indonesia, with a CAGR of +17.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, surging by 47% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Philippines ($X per ton) and Malaysia ($X per ton), while Vietnam ($X per ton) and Singapore ($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 Philippines (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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