U.S.: Market for 2,2-Oxydiethanol (Diethylene Glycol, Digol) 2024

Market Size for 2,2-Oxydiethanol (Diethylene Glycol, Digol) in the U.S.

The U.S. diethylene glycol and digol market reduced to $X in 2021, which is down by -7.6% against the previous year. Over the period under review, consumption continues to indicate a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of X-Oxydiethanol (Diethylene Glycol, Digol) in the U.S.

In value terms, diethylene glycol and digol production shrank significantly to $X in 2021. Over the period under review, production saw a sharp decline. Over the period under review, production hit record highs at $X in 2020, and then fell sharply in the following year.

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

Exports from the U.S.

After two years of growth, shipments abroad of X-oxydiethanol (diethylene glycol, digol) decreased by -17.9% to X tons in 2021. Overall, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 185%. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted notably in the following year.

In value terms, diethylene glycol and digol exports soared to $X in 2021. Over the period under review, exports, however, posted buoyant growth. The growth pace was the most rapid in 2019 with an increase of 123%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X tons), Mexico (X tons) and Italy (X tons) were the main destinations of diethylene glycol and digol exports from the United States, with a combined 63% share of total exports. Turkey, China, Brazil, Spain, Venezuela, South Korea and Canada lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +345.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diethylene glycol and digol exported from the United States were Belgium ($X), Mexico ($X) and Italy ($X), together accounting for 61% of total exports. These countries were followed by Turkey, Brazil, China, Spain, Venezuela, Canada and South Korea, which together accounted for a further 33%.

Spain, with a CAGR of +239.6%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average diethylene glycol and digol export price amounted to $X per ton, jumping by 74% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to South Korea ($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 Canada (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the U.S.

In 2021, purchases abroad of X-oxydiethanol (diethylene glycol, digol) decreased by -5.6% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports showed a pronounced descent. The growth pace was the most rapid in 2014 with an increase of 15%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, diethylene glycol and digol imports skyrocketed to $X in 2021. In general, imports saw a deep contraction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest diethylene glycol and digol supplier to the United States, with a 80% share of total imports. Moreover, diethylene glycol and digol imports from Canada exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-12.0% per year) and Taiwan (Chinese) (+152.3% per year).

In value terms, Canada ($X) constituted the largest supplier of X-oxydiethanol (diethylene glycol, digol) to the United States, comprising 79% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-15.2% per year) and Taiwan (Chinese) (+156.6% per year).

Import Prices by Country

In 2021, the average diethylene glycol and digol import price amounted to $X per ton, surging by 62% against the previous year. Overall, the import price, however, showed a noticeable setback. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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