The import of Ethylene Glycol (Ethanediol) to the UK has shown significant fluctuation over the years, with notable decreases observed between 2013 and 2016, followed by a substantial increase in 2017. The following years witnessed more stable growth, with minor declines and an overall upward trend from 2018 onward. In 2023, the value stood at $178.28 million.
Year-on-year variation highlights significant growth in 2017 and moderate increases in the following years. The Compound Annual Growth Rate (CAGR) over the last five years indicates a cautious growth trend, with an average increase of 1.78% per year.
Looking forward, the forecasted data suggests continued growth in the import of Ethylene Glycol, with a forecasted CAGR of 2.27% over the next five years, leading to an anticipated 11.87% increase by 2028.
Future trends to watch for:
- Global supply chain dynamics affecting Ethylene Glycol availability and pricing.
- Technological advancements in production and alternative materials.
- Sustainability and regulatory changes impacting chemical imports.
