Report Update Apr 1, 2024

Ukraine - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights

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Ukraine: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in Ukraine

For the third consecutive year, the Ukrainian ethylene glycol market recorded growth in sales value, which increased by 7.4% to $X in 2022. In general, consumption posted a prominent increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Ethylene Glycol Exports

Exports from Ukraine

Ethylene glycol exports from Ukraine fell dramatically to X kg in 2022, dropping by -78% compared with the previous year. Overall, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 5,838% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene glycol exports fell rapidly to $X in 2022. In general, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 5,644% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for ethylene glycol exports from Ukraine, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for ethylene glycol (ethanediol) exports from Ukraine.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +54.4%.

Export Prices by Country

The average ethylene glycol export price stood at $X per ton in 2022, picking up by 170% against the previous year. Overall, the export price enjoyed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +54.4% per year.

Ethylene Glycol Imports

Imports into Ukraine

In 2022, the amount of ethylene glycol (ethanediol) imported into Ukraine soared to X tons, jumping by 16% compared with 2021. Over the period under review, imports posted a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 37%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, ethylene glycol imports stood at $X in 2022. Overall, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 94%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of ethylene glycol imports to Ukraine, together accounting for 85% of total imports. Saudi Arabia, the Netherlands and Iran lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +116.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene glycol suppliers to Ukraine were Poland ($X), the United States ($X) and Belgium ($X), together accounting for 84% of total imports. Saudi Arabia, the Netherlands and Iran lagged somewhat behind, together accounting for a further 13%.

The Netherlands, with a CAGR of +92.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ethylene glycol import price amounted to $X per ton, dropping by -12.7% against the previous year. Overall, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 47%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Iran ($X per ton) and Poland ($X per ton), while the price for the Netherlands ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene glycol (ethanediol) in the world?

China remains the largest ethylene glycol consuming country worldwide, comprising approx. 24% of total volume. Moreover, ethylene glycol consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Saudi Arabia ranked third in terms of total consumption with an 8.8% share.

What are the largest producers of ethylene glycol (ethanediol) in the world?

The countries with the highest volumes of production in 2022 were the United States, Saudi Arabia and Canada, together accounting for 35% of global production.

What are the leading suppliers of ethylene glycol (ethanediol) to Ukraine?

In value terms, Poland, the United States and Belgium were the largest ethylene glycol suppliers to Ukraine, together accounting for 84% of total imports. Saudi Arabia, the Netherlands and Iran lagged somewhat behind, together accounting for a further 13%.

What are the leading importers of ethylene glycol (ethanediol) from Ukraine?

In value terms, the United Arab Emirates $356) emerged as the key foreign market for ethylene glycol ethanediol) exports from Ukraine.

What is the average export price for ethylene glycol (ethanediol) in Ukraine?

The average ethylene glycol export price stood at $3,564 per ton in 2022, increasing by 170% against the previous year.

What is the average import price for ethylene glycol (ethanediol) in Ukraine?

In 2022, the average ethylene glycol import price amounted to $834 per ton, shrinking by -12.7% against the previous year.

This report provides an in-depth analysis of the ethylene glycol market in Ukraine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142310 - Ethylene glycol (ethanediol)

Country coverage:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023