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

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

The Slovak diethylene glycol and digol market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decrease. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

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

Exports from Slovakia

In 2021, shipments abroad of X (diethylene glycol, digol) decreased by X% to less than X kg, falling for the second year in a row after two years of growth. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, diethylene glycol and digol exports stood at less than $X in 2021. Overall, exports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for diethylene glycol and digol exports from Slovakia, with a X% share of total exports. Moreover, diethylene glycol and digol exports to the Czech Republic exceeded the volume sent to the second major destination, Austria (X tons), twofold.

From 2012 to 2019, the average annual rate of growth in terms of volume to the Czech Republic amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Hungary (+X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for diethylene glycol and digol exports from Slovakia, comprising X% of total exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports.

From 2012 to 2019, the average annual growth rate of value to the Czech Republic stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Hungary (+X% per year).

Export Prices by Country

In 2019, the average diethylene glycol and digol export price amounted to $X per ton, falling by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2019.

Average prices varied noticeably for the major export markets. In 2019, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+X%), while the prices for the other major destinations experienced a decline.

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

Imports into Slovakia

In 2021, purchases abroad of X (diethylene glycol, digol) was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, diethylene glycol and digol imports surged to $X in 2021. Overall, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

Belgium (X tons), Poland (X tons) and Austria (X tons) were the main suppliers of diethylene glycol and digol imports to Slovakia, 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 Austria (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Austria ($X) and Germany ($X) appeared to be the largest diethylene glycol and digol suppliers to Slovakia, together accounting for X% of total imports.

In terms of the main suppliers, Austria, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diethylene glycol and digol import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, diethylene glycol and digol import price increased by +X% against 2019 indices. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform