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

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

In 2022, the Omani diethylene glycol and digol market increased by X% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption posted a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

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

In value terms, diethylene glycol and digol production declined remarkably to $X in 2022 estimated in export price. Overall, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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

Exports from Oman

In 2022, approx. X tons of X-oxydiethanol (diethylene glycol, digol) were exported from Oman; declining by X% compared with the previous year's figure. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, diethylene glycol and digol exports declined remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted sharply in the following year.

Exports by Country

China (X tons) was the main destination for diethylene glycol and digol exports from Oman, accounting for a X% share of total exports. It was followed by the United Arab Emirates (X tons), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to China totaled X%.

In value terms, China ($X) remains the key foreign market for X-oxydiethanol (diethylene glycol, digol) exports from Oman, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to China totaled X%.

Export Prices by Country

In 2022, the average diethylene glycol and digol export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced 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 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China totaled $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%).

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

Imports into Oman

In 2022, approx. X tons of X-oxydiethanol (diethylene glycol, digol) were imported into Oman; with an increase of X% against the previous year. Overall, imports enjoyed a tangible expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, diethylene glycol and digol imports skyrocketed to $X in 2022. In general, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest diethylene glycol and digol supplier to Oman, with a X% share of total imports. Moreover, diethylene glycol and digol imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and India (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and India (X% per year).

Import Prices by Country

The average diethylene glycol and digol import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a mild downturn. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform