Forecast: Import of Ethylene Glycol (Ethanediol) to Austria

Austria's import of ethylene glycol (ethanediol) has exhibited fluctuating trends from 2013 to 2023. The value in 2023 stood at 3.4568 million US dollars, indicating a year-on-year decrease of 4.93% from 2022. Over the last two years, the import values have reduced, with 2022 seeing a 4.79% decrease from 2021. The compound annual growth rate (CAGR) over the last five years has been negative, at -6.72%, highlighting a consistent decline in imports. Projections for the next five years suggest a further reduction, with a forecasted CAGR of -5.01% and an overall reduction of 22.68% by 2028.

Future trends to watch for include:

  • Potential market fluctuations due to global supply chain disruptions.
  • Shifts toward alternative materials or substitutes driven by environmental regulations.
  • Technological advancements in production and importation processes impacting cost and volume.

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