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Europe - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEurope: Ethylene Glycol Market 2024
Ethylene Glycol Market Size in Europe
The Europe ethylene glycol market skyrocketed to $X in 2022, picking up by 363% against the previous year. Overall, consumption, however, continues to indicate a noticeable contraction. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.
Ethylene Glycol Production in Europe
In value terms, ethylene glycol production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of 15% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Ethylene Glycol Exports
Exports in Europe
In 2022, after two years of growth, there was significant decline in overseas shipments of ethylene glycol (ethanediol), when their volume decreased by -37.4% to X tons. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, ethylene glycol exports contracted notably to $X in 2022. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 73%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
Exports by Country
Belgium represented the major exporting country with an export of around X tons, which resulted at 52% of total exports. Germany (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (13%) and Russia (11%). Poland (X tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to ethylene glycol exports from Belgium stood at -8.3%. At the same time, Russia (+1.6%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +1.6% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Germany (-2.1%) and the Netherlands (-9.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Germany increased by +6.4 and +6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Belgium ($X) remains the largest ethylene glycol supplier in Europe, comprising 51% of total exports. The second position in the ranking was taken by Germany ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 13% share.
In Belgium, ethylene glycol exports plunged by an average annual rate of -10.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-2.7% per year) and the Netherlands (-10.6% per year).
Export Prices by Country
The export price in Europe stood at $X per ton in 2022, with an increase of 2.5% against the previous year. In general, the export price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of 50% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and the Netherlands ($X per ton), while Russia ($X per ton) and Poland ($X per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.7%), while the other leaders experienced a decline in the export price figures.
Ethylene Glycol Imports
Imports in Europe
After six years of growth, purchases abroad of ethylene glycol (ethanediol) decreased by -15.5% to X tons in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 11% against the previous year. The volume of import peaked at X tons in 2021, and then fell significantly in the following year.
In value terms, ethylene glycol imports reduced markedly to $X in 2022. Overall, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports by Country
The countries with the highest levels of ethylene glycol imports in 2022 were Germany (X tons), Spain (X tons), Lithuania (X tons) and Belgium (X tons), together reaching 59% of total import. It was distantly followed by the UK (X tons), Italy (X tons) and Russia (X tons), together committing an 18% share of total imports. The following importers - France (X tons), Belarus (X tons), Poland (X tons), the Netherlands (X tons) and Norway (X tons) - together made up 16% of total imports.
From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +8.6%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X), Spain ($X) and Lithuania ($X) constituted the countries with the highest levels of imports in 2022, together comprising 45% of total imports. Belgium, the UK, Italy, Russia, the Netherlands, France, Poland, Belarus and Norway lagged somewhat behind, together accounting for a further 46%.
Poland, with a CAGR of +5.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2022, the import price in Europe amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by 51%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Netherlands ($X per ton) and Norway ($X per ton), while the UK ($X per ton) and Russia ($X per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.0%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the ethylene glycol market in Europe. 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:
- Albania
- Andorra
- Austria
- Belarus
- Belgium
- Bosnia and Herzegovina
- Bulgaria
- Croatia
- Czech Republic
- Denmark
- Estonia
- Faroe Islands
- Finland
- France
- Germany
- Gibraltar
- Greece
- Holy See
- Hungary
- Iceland
- Ireland
- Isle of Man
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Moldova
- Monaco
- Montenegro
- Netherlands
- North Macedonia
- Norway
- Poland
- Portugal
- Romania
- Russia
- San Marino
- Serbia
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- Ukraine
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Europe, split by region and country
- Trade (exports and imports) in Europe
- 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
-
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
- CONSUMPTION BY COUNTRY
- 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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Albania
- Andorra
- Austria
- Belarus
- Belgium
- Bosnia and Herzegovina
- Bulgaria
- Croatia
- Czech Republic
- Denmark
- Estonia
- Faroe Islands
- Finland
- France
- Germany
- Gibraltar
- Greece
- Holy See
- Hungary
- Iceland
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- North Macedonia
- Malta
- Moldova
- Montenegro
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Russia
- San Marino
- Serbia
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- Ukraine
- United Kingdom
- Liechtenstein
- Isle of Man
- Monaco
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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