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China - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina: Ethylene Glycol Market 2024
Ethylene Glycol Market Size in China
In 2022, the Chinese ethylene glycol market decreased by -15.3% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption recorded a noticeable contraction. Ethylene glycol consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.
Ethylene Glycol Exports
Exports from China
After three years of growth, overseas shipments of ethylene glycol (ethanediol) decreased by -73.4% to X tons in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2020 when exports increased by 333%. The exports peaked at X tons in 2021, and then fell sharply in the following year.
In value terms, ethylene glycol exports declined dramatically to $X in 2022. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 149% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.
Exports by Country
Bangladesh (X tons), the Netherlands (X tons) and Belgium (X tons) were the main destinations of ethylene glycol exports from China, together comprising 47% of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +112.7%), while the other leaders experienced more modest paces of growth.
In value terms, Bangladesh ($X) emerged as the key foreign market for ethylene glycol (ethanediol) exports from China, comprising 36% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by Belgium, with a 9.7% share.
From 2012 to 2022, the average annual growth rate of value to Bangladesh totaled +97.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+79.3% per year) and Belgium (+63.9% per year).
Export Prices by Country
In 2022, the average ethylene glycol export price amounted to $X per ton, picking up by 36% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-3.5%), while the prices for the other major destinations experienced a decline.
Ethylene Glycol Imports
Imports into China
In 2022, overseas purchases of ethylene glycol (ethanediol) decreased by -10.8% to X tons, falling for the second consecutive year after four years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, ethylene glycol imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 52%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.
Imports by Country
In 2022, Saudi Arabia (X tons) constituted the largest supplier of ethylene glycol to China, with a 56% share of total imports. Moreover, ethylene glycol imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 10% share.
From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+6.3% per year) and the United States (+10.8% per year).
In value terms, Saudi Arabia ($X) constituted the largest supplier of ethylene glycol (ethanediol) to China, comprising 56% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports. It was followed by the United States, with a 9.9% share.
From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+0.5% per year) and the United States (+4.6% per year).
Import Prices by Country
In 2022, the average ethylene glycol import price amounted to $X per ton, shrinking by -10.4% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Singapore ($X per ton) and South Korea ($X per ton), while the price for Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-4.2%), while the prices for the other major suppliers experienced a decline.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the ethylene glycol market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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