In 2023, the UK's import of ethylene glycol stood at approximately 66.0 million kilograms. Forecasts suggest a clear declining trend over the next five years, with imports projected to decrease from 64.107 million kilograms in 2024 to 56.761 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of around -2.35% over the forecast period. Key year-on-year changes include a -2.95% decline from 2024 to 2025 and similar downward trends in subsequent years, averaging a reduction of approximately 2% annually.
Future trends to watch for in the ethylene glycol market include:
- Potential impacts of sustainability practices and regulations on demand.
- Technological advancements in alternative materials and their effect on the market.
- Global economic factors influencing trade dynamics and supply chain stability.