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.