In 2023, Turkey's import of ethylene glycol stood at 362 million kilograms. The forecast for 2024 is 373.06 million kilograms, indicating a year-on-year increase of 3.06%. For 2025, the import is projected to rise to 384.14 million kilograms, marking a 2.96% increase from the previous year. The year 2026 anticipates imports at 395 million kilograms, which shows a 2.83% growth. By 2027, the import figure is expected to reach 405.65 million kilograms, a rise of 2.7%, and in 2028, it is forecasted to be 416.08 million kilograms, marking an increase of 2.57%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.82%.
Future trends to watch for include potential disruptions in global supply chains, shifts in Turkey's domestic ethylene glycol production capacity, and changes in regulatory policies affecting chemical imports. Additionally, monitoring fluctuations in global crude oil prices will be crucial, as they significantly impact ethylene glycol production costs.
