Republic of Korea - 2,2-Oxydiethanol (Diethylene Glycol, Digol) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Diethylene Glycol and Digol in South Korea - 2022
Contents:
- Price for Diethylene Glycol and Digol in South Korea (CIF) - 2022
- Price for Diethylene Glycol and Digol in South Korea (FOB) - 2022
- Imports of Diethylene Glycol and Digol in South Korea
- Exports of Diethylene Glycol and Digol in South Korea
Price for Diethylene Glycol and Digol in South Korea (CIF) - 2022
In 2022, the average diethylene glycol and digol import price amounted to $710 per ton, which is down by -13.9% against the previous year. In general, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the maximum at $1,326 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($898 per ton) and China ($787 per ton), while the price for Saudi Arabia ($669 per ton) and India ($672 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Diethylene Glycol and Digol in South Korea (FOB) - 2022
In 2022, the average diethylene glycol and digol export price amounted to $730 per ton, waning by -11.1% against the previous year. In general, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of 49%. The export price peaked at $1,136 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($943 per ton) and Guatemala ($925 per ton), while the average price for exports to China ($659 per ton) and Japan ($740 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+4.4%), while the prices for the other major destinations experienced a decline.
Imports of Diethylene Glycol and Digol in South Korea
For the fourth consecutive year, South Korea recorded growth in purchases abroad of 2,2-oxydiethanol (diethylene glycol, digol), which increased by 29% to 39K tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, diethylene glycol and digol imports expanded markedly to $27M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Diethylene Glycol and Digol in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.9 | 1.9 | 4.3 | 8.8 | 66.7% |
| India | 4.8 | 4.9 | 9.2 | 7.5 | 16.0% |
| China | N/A | 0.1 | 1.3 | 7.4 | 760.2% |
| Canada | N/A | N/A | N/A | 2.2 | 0% |
| Thailand | 3.7 | 2.8 | 3.7 | 0.6 | -45.5% |
| United Arab Emirates | N/A | N/A | N/A | 0.5 | 0% |
| United States | 1.3 | 2.2 | 3.9 | N/A | 73.2% |
| Taiwan (Chinese) | 2.6 | 1.6 | 1.7 | N/A | -19.1% |
| Others | 0.9 | 0.2 | 0.5 | 0.3 | -30.7% |
| Total | 15.2 | 13.7 | 24.7 | 27.5 | 21.9% |
Top Suppliers of Diethylene Glycol and Digol to South Korea in 2022:
- United States (undefinedK tons)
- Saudi Arabia (13.1K tons)
- India (11.2K tons)
- China (9.5K tons)
- Canada (3.2K tons)
- United Arab Emirates (0.7K tons)
- Thailand (0.6K tons)
Exports of Diethylene Glycol and Digol in South Korea
Diethylene glycol and digol exports from South Korea fell notably to 4.2K tons in 2022, declining by -63.5% against the previous year. Overall, exports faced a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 54%.
In value terms, diethylene glycol and digol exports declined dramatically to $3M in 2022. In general, exports faced a precipitous decline. The growth pace was the most rapid in 2021 when exports increased by 129% against the previous year.
| Export of Diethylene Glycol and Digol in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.4 | 2.9 | 7.2 | 1.4 | -56.0% |
| Japan | 0.1 | N/A | 0.6 | 1.1 | 122.4% |
| Vietnam | 1.1 | 0.4 | 0.3 | 0.3 | -35.2% |
| Guatemala | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Indonesia | 0.8 | 0.1 | 0.1 | N/A | -64.6% |
| Egypt | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Turkey | 3.1 | 0.3 | 0.8 | N/A | -49.2% |
| Brazil | 0.9 | N/A | 0.2 | N/A | -52.9% |
| Others | 1.7 | 0.3 | 0.1 | 0.1 | -61.1% |
| Total | 24.7 | 4.1 | 9.4 | 3.0 | -50.5% |
Top Export Markets for Diethylene Glycol and Digol from South Korea in 2022:
- China (2080.4 tons)
- Japan (1546.3 tons)
- Vietnam (371.3 tons)
- Guatemala (120.1 tons)
- Indonesia (2.7 tons)
This report provides an in-depth analysis of the market for diethylene glycol and digol in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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