Report Update Nov 1, 2024

Turkey - 2,2-Oxydiethanol (Diethylene Glycol, Digol) - Market Analysis, Forecast, Size, Trends and Insights

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

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

For the third year in a row, the Turkish diethylene glycol and digol market recorded growth in sales value, which increased by 86% to $X in 2021. Over the period under review, consumption posted a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

Exports from Turkey

In 2021, the amount of X-oxydiethanol (diethylene glycol, digol) exported from Turkey skyrocketed to X tons, picking up by 55% on 2020 figures. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 142% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, diethylene glycol and digol exports surged to $X in 2021. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 153%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Greece (X tons) and Israel (X tons) were the main destinations of diethylene glycol and digol exports from Turkey, with a combined 53% share of total exports. Poland, Ukraine, Egypt, Romania, Bulgaria and Slovenia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +325.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Greece ($X) and Poland ($X) constituted the largest markets for diethylene glycol and digol exported from Turkey worldwide, together comprising 60% of total exports. Israel, Egypt, Ukraine, Romania, Slovenia and Bulgaria lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Ukraine, with a CAGR of +313.1%, 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 more modest paces of growth.

Export Prices by Country

The average diethylene glycol and digol export price stood at $X per ton in 2021, increasing by 48% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the average price for exports to Ukraine ($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 Romania (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Turkey

In 2021, overseas purchases of X-oxydiethanol (diethylene glycol, digol) increased by 41% to X tons, rising for the third year in a row after two years of decline. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 47%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, diethylene glycol and digol imports soared to $X in 2021. Over the period under review, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Saudi Arabia (X tons) and Oman (X tons) were the main suppliers of diethylene glycol and digol imports to Turkey, with a combined 59% share of total imports. These countries were followed by Iran, Taiwan (Chinese), China, Kuwait, South Korea and Belgium, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +204.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Saudi Arabia ($X) and Taiwan (Chinese) ($X) were the largest diethylene glycol and digol suppliers to Turkey, together accounting for 59% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +219.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diethylene glycol and digol import price stood at $X per ton in 2021, with an increase of 76% against the previous year. Overall, the import price, however, recorded a noticeable descent. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+28.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for 2,2-oxydiethanol (diethylene glycol, digol) in the world?

The countries with the highest volumes of in 2021 were China, Saudi Arabia and Taiwan Chinese), with a combined 58% share of global consumption.

What are the largest producers of 2,2-oxydiethanol (diethylene glycol, digol) in the world?

Saudi Arabia constituted the country with the largest volume of diethylene glycol and digol production, comprising approx. 39% of total volume. Moreover, diethylene glycol and digol production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Canada, fourfold. Taiwan Chinese) ranked third in terms of total production with a 9.8% share.

What are the leading suppliers of 2,2-oxydiethanol (diethylene glycol, digol) to Turkey?

In value terms, the United States, Saudi Arabia and Taiwan Chinese) appeared to be the largest diethylene glycol and digol suppliers to Turkey, together accounting for 62% of total imports. Oman, Iran and China lagged somewhat behind, together comprising a further 35%.

What are the leading importers of 2,2-oxydiethanol (diethylene glycol, digol) from Turkey?

In value terms, the largest markets for diethylene glycol and digol exported from Turkey were Italy, Greece and Poland, together comprising 65% of total exports.

What is the average export price for 2,2-oxydiethanol (diethylene glycol, digol) in Turkey?

The average diethylene glycol and digol export price stood at $1,169 per ton in 2021, jumping by 19% against the previous year.

What is the average import price for 2,2-oxydiethanol (diethylene glycol, digol) in Turkey?

The average diethylene glycol and digol import price stood at $906 per ton in 2021, rising by 71% against the previous year.

This report provides an in-depth analysis of the market for diethylene glycol and digol in Turkey. 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 20146333 - 2,2-Oxydiethanol (diethylene glycol, digol)

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023