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

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

After three years of decline, the Swedish diethylene glycol and digol market increased by 42% to $X in 2021. Overall, consumption, however, continues to indicate a pronounced contraction. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

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

Exports from Sweden

In 2021, approx. X tons of X-oxydiethanol (diethylene glycol, digol) were exported from Sweden; rising by 102% compared with the year before. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 122% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, diethylene glycol and digol exports soared to $X in 2021. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 179%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X tons) was the main destination for diethylene glycol and digol exports from Sweden, accounting for a 81% share of total exports. Moreover, diethylene glycol and digol exports to Denmark exceeded the volume sent to the second major destination, Norway (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Denmark amounted to +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-20.1% per year) and Finland (+8.1% per year).

In value terms, Denmark ($X), Norway ($X) and Finland ($X) were the largest markets for diethylene glycol and digol exported from Sweden worldwide, together accounting for 95% of total exports.

Denmark, with a CAGR of +45.6%, saw 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 mixed trend patterns.

Export Prices by Country

In 2021, the average diethylene glycol and digol export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by 417% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark ($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 Norway (+29.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Sweden

In 2021, purchases abroad of X-oxydiethanol (diethylene glycol, digol) increased by 5.5% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 35% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, diethylene glycol and digol imports surged to $X in 2021. Over the period under review, imports, however, showed a pronounced descent. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of diethylene glycol and digol to Sweden, with a 77% share of total imports. Moreover, diethylene glycol and digol imports from Belgium exceeded the figures recorded by the second-largest supplier, Finland (X tons), sixfold. The third position in this ranking was taken by Denmark (X tons), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+11.0% per year) and Denmark (+14.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of X-oxydiethanol (diethylene glycol, digol) to Sweden, comprising 67% of total imports. The second position in the ranking was held by Denmark ($X), with a 13% share of total imports. It was followed by Finland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+16.9% per year) and Finland (+8.1% per year).

Import Prices by Country

In 2021, the average diethylene glycol and digol import price amounted to $X per ton, increasing by 67% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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