The ethylene glycol market in Italy has experienced a significant decline over the past decade. In 2023, the market stood at 79.54 million kilograms, marking a substantial reduction from 204.84 million kilograms in 2013. The recent data indicate a notable decrease, with a 12.26% year-on-year decline in 2023 and an average annual decrease (CAGR) of 8.13% over the last five years. Over the past two years, the market has further shrunk with declines of 19.61% in 2022 and 9.68% in 2021.
Future trends to watch for:
- Potential recovery driven by increasing environmental regulations and demand for eco-friendly automotive coolants.
- Advancements in alternative technologies might affect demand dynamics.
- Economic factors and industrial demand fluctuations should be monitored closely.
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 324,650,000 | 2023 | +5.23% | +5.44% | View data |
| 2 | 2 Germany | 162,050,000 | 2023 | -1.31% | -0.85% | View data |
| 3 | 3 Italy | 79,536,000 | 2023 | -12.26% | -8.13% | |
| 4 | 4 France | 65,060,000 | 2023 | +0.67% | -5.26% | View data |
| 5 | 5 Hungary | 8,830,700 | 2023 | +8.06% | +3.39% | View data |
