Oman: Market for 2,2-Oxydiethanol (Diethylene Glycol, Digol) 2022

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

In 2021, the Omani diethylene glycol and digol market increased by X% to $X, rising for the third consecutive year after four years of decline. Over the period under review, consumption posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of X (Diethylene Glycol, Digol) in Oman

In value terms, diethylene glycol and digol production fell sharply to $X in 2021 estimated in export price. Overall, production, however, enjoyed prominent growth. Diethylene glycol and digol production peaked at $X in 2020, and then fell dramatically in the following year.

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

Exports from Oman

In 2021, overseas shipments of X (diethylene glycol, digol) decreased by -X% to less than X kg for the first time since 2011, thus ending a nine-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, diethylene glycol and digol exports contracted rapidly to less than $X in 2021. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2020, and then dropped sharply in the following year.

Exports by Country

Turkey (X tons) was the main destination for diethylene glycol and digol exports from Oman, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Turkey stood at +X%.

In value terms, Turkey ($X) also remains the key foreign market for diethylene glycol and digol exports from Oman.

From 2012 to 2020, the average annual growth rate of value to Turkey stood at +X%.

Export Prices by Country

The average diethylene glycol and digol export price stood at $X per ton in 2020, declining by -X% against the previous year. In general, the export price continues to indicate a deep slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2020, the rate of growth in terms of prices for Turkey amounted to -X% per year.

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

Imports into Oman

In 2021, the amount of X (diethylene glycol, digol) imported into Oman skyrocketed to X tons, jumping by X% against 2020. Over the period under review, imports showed a pronounced expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth imports failed to regain momentum.

In value terms, diethylene glycol and digol imports soared to $X in 2021. Overall, imports saw a mild decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and Saudi Arabia (X tons) were the main suppliers of diethylene glycol and digol imports to Oman, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

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

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Saudi Arabia (-X% per year).

Import Prices by Country

In 2021, the average diethylene glycol and digol import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform