The import of Ethylene Glycol to the Netherlands has shown fluctuating trends over the past decade. After significant declines in 2014, the market showed a recovery phase with notable increases until 2017, which were followed by oscillating annual variations. For instance, between 2021 and 2022, the import value rose by 2.66%, and this pattern continued with a 2.54% increase in 2023, standing at 319.44 million USD. Over the last five years up to 2023, the CAGR was 3.39%. Forecasts for the next five years project a CAGR of 1.92%, reflecting slower but steady growth, with the import value reaching approximately 360.8 million USD by 2028.
Future trends to watch for include: increasing demand for ethylene glycol in manufacturing and automotive industries, the potential impact of environmental regulations on its production and import, and the development of bio-based alternatives which could influence the market dynamics. Monitoring these aspects will be crucial in anticipating market shifts.
