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

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

The Malaysian diethylene glycol and digol market reached $X in 2022, growing by X% against the previous year. Overall, consumption saw a temperate increase. Diethylene glycol and digol consumption peaked in 2022 and is expected to retain growth in the immediate term.

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

In value terms, diethylene glycol and digol production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Diethylene glycol and digol production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports from Malaysia

In 2022, overseas shipments of X-oxydiethanol (diethylene glycol, digol) increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, diethylene glycol and digol exports expanded sharply to $X in 2022. Overall, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of diethylene glycol and digol exports from Malaysia, together comprising X% of total exports. The Philippines lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diethylene glycol and digol exported from Malaysia were Singapore ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total exports. These countries were followed by the Philippines, which accounted for a further X%.

Among the main countries of destination, the Philippines, with a CAGR of X%, 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 mixed trend patterns.

Export Prices by Country

The average diethylene glycol and digol export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Singapore ($X per ton), while the average price for exports to the Philippines ($X per ton) and Indonesia ($X 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 Indonesia (X%), while the prices for the other major destinations experienced a decline.

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

Imports into Malaysia

In 2022, the amount of X-oxydiethanol (diethylene glycol, digol) imported into Malaysia surged to X tons, growing by X% on the year before. Overall, imports saw a strong increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, diethylene glycol and digol imports soared to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of diethylene glycol and digol to Malaysia, accounting for a X% share of total imports. Moreover, diethylene glycol and digol imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Thailand (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of X-oxydiethanol (diethylene glycol, digol) to Malaysia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average diethylene glycol and digol import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform