The import of Ethylene Glycol (Ethanediol) to Belgium showed significant fluctuations over the past decade. Starting at 355.54 million kilograms in 2013, the volume has varied year-on-year with peaks and declines, standing at 606.48 million kilograms in 2023. Between 2021 and 2023, the volume increased by an average of 2.74% year-on-year. The Compound Annual Growth Rate (CAGR) over the past five years was 3.03%. Future forecasts indicate a steady growth with a projected CAGR of 2.05% from 2024 to 2028, reaching 690.91 million kilograms by 2028, indicating a growth rate of 10.68% over five years.
Future trends to watch for:
- Emerging global supply chain dynamics due to geopolitical factors
- Advancements in production efficiency and technology
- Shifts in demand from key industrial sectors using Ethylene Glycol
