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

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

The Europe diethylene glycol and digol market dropped markedly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Production of X-Oxydiethanol (Diethylene Glycol, Digol) in Europe

In value terms, diethylene glycol and digol production surged to $X in 2022 estimated in export price. The total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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

Exports in Europe

In 2022, after two years of growth, there was significant decline in shipments abroad of X-oxydiethanol (diethylene glycol, digol), when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, diethylene glycol and digol exports contracted sharply to $X in 2022. Overall, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Belgium prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. Germany (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%). The Netherlands (X tons) and Italy (X tons) took a minor share of total exports.

Belgium experienced a relatively flat trend pattern with regard to volume of exports of X-oxydiethanol (diethylene glycol, digol). At the same time, Germany (X%) and Russia (X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) and the Netherlands (X%) illustrated a downward trend over the same period. Germany (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest diethylene glycol and digol supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Italy ($X per ton), while Belgium ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in Europe

After three years of growth, purchases abroad of X-oxydiethanol (diethylene glycol, digol) decreased by X% to X tons in 2022. Total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then reduced modestly in the following year.

In value terms, diethylene glycol and digol imports dropped significantly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

The countries with the highest levels of diethylene glycol and digol imports in 2022 were Belgium (X tons), Germany (X tons) and Italy (X tons), together finishing at X% of total import. It was distantly followed by Spain (X tons), the Netherlands (X tons), Poland (X tons) and the UK (X tons), together generating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest diethylene glycol and digol importing markets in Europe were Belgium ($X), Germany ($X) and Italy ($X), together accounting for X% of total imports. Spain, Poland, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and the Netherlands ($X per ton), while Belgium ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform