Overview of the Global Market for 2,2-Oxydiethanol (Diethylene Glycol, Digol)

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

The global diethylene glycol and digol market surged to $X in 2021, jumping by 18% against the previous year. The market value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of X-Oxydiethanol (Diethylene Glycol, Digol)

In value terms, diethylene glycol and digol production fell slightly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 14% against the previous year. Over the period under review, global production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

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

Exports

In 2021, global diethylene glycol and digol exports contracted to X tons, with a decrease of -2.9% against 2020 figures. In general, exports showed a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of 77%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the global exports remained at a somewhat lower figure.

In value terms, diethylene glycol and digol exports skyrocketed to $X in 2021. Over the period under review, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 111%. The global exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the five major exporters of X-oxydiethanol (diethylene glycol, digol), namely Belgium, Taiwan (Chinese), the United States, Canada and Kuwait, represented more than two-thirds of total export. It was distantly followed by Iran (X tons), comprising a 5.1% share of total exports. China (X tons), India (X tons), Thailand (X tons), Germany (X tons), Singapore (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +16.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest diethylene glycol and digol supplying countries worldwide were Belgium ($X), Taiwan (Chinese) ($X) and the United States ($X), together accounting for 52% of global exports. These countries were followed by Canada, Kuwait, Iran, China, India, Germany, Thailand, Russia and Singapore, which together accounted for a further 41%.

Germany, with a CAGR of +17.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global 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, growing by 66% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.5%), while the other global leaders experienced mixed trends in the export price figures.

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

Imports

In 2021, purchases abroad of X-oxydiethanol (diethylene glycol, digol) decreased by -1.2% to X tons for the first time since 2016, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. Global imports peaked at X tons in 2020, and then dropped slightly in the following year.

In value terms, diethylene glycol and digol imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, global imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China was the main importer of X-oxydiethanol (diethylene glycol, digol) in the world, with the volume of imports finishing at X tons, which was near 39% of total imports in 2021. The United States (X tons) held the second position in the ranking, followed by Germany (X tons), Belgium (X tons), Italy (X tons) and Turkey (X tons). All these countries together held approx. 35% share of total imports. Spain (X tons), Egypt (X tons), Mexico (X tons), the UK (X tons), South Korea (X tons), the Netherlands (X tons) and Poland (X tons) took a relatively small share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of X-oxydiethanol (diethylene glycol, digol). At the same time, Egypt (+66.6%), South Korea (+23.3%), Turkey (+18.1%), Mexico (+14.3%), Poland (+13.0%), Spain (+8.7%), Germany (+2.8%) and Italy (+1.3%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in the world, with a CAGR of +66.6% from 2012-2021. Belgium and the UK experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.4%) and the United States (-3.6%) illustrated a downward trend over the same period. While the share of Turkey (+3.6 p.p.), Egypt (+2.3 p.p.) and South Korea (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the United States (-5.8 p.p.) and China (-6.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported X-oxydiethanol (diethylene glycol, digol) worldwide, comprising 33% of global imports. The second position in the ranking was taken by Germany ($X), with a 9.4% share of global imports. It was followed by Italy, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -1.9%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and Italy (+1.7% per year).

Import Prices by Country

The average diethylene glycol and digol import price stood at $X per ton in 2021, with an increase of 66% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Global import price peaked 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 importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the United States ($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 Netherlands (+3.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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