The import of Ethylene Glycol (Ethanediol) to Australia has experienced significant fluctuations over the past decade. Starting from a low of 6.1 million kilograms in 2013, imports peaked at 27 million kilograms in 2016 before falling sharply and stabilizing around 12.4 million kilograms in 2023. Year-on-year variations highlight a volatile trend with significant jumps and declines, including a peak increase of about 174% in 2015 and a notable decline of -66.8% in 2017. Over the last two years, imports grew modestly by approximately 1.2% yearly, and the compound annual growth rate (CAGR) over the last five years stood at 3.56%, showing a deceleration in growth.
Future projections indicate a consistent but slow growth trend, with imports expected to reach around 13.1 million kilograms by 2028. Over the forecast period, the industry is anticipated to grow at a CAGR of 0.91%, resulting in an overall five-year growth rate of 4.63%.
Trends to watch for in the upcoming years include potential impacts of global supply chain disruptions, advancements in alternative materials, and shifts in demand from downstream industries such as automotive and textile manufacturing which heavily rely on ethylene glycol. Additionally, economic policies and environmental regulations could influence import patterns significantly.
