The forecast for the import of Ethylene Glycol (Ethanediol) to Norway shows a consistent upward trend from 2024 to 2028, with an increase from 46.511 million kilograms in 2024 to 51.022 million kilograms in 2028. In 2023, the volume stood at 45.411 million kilograms. The year-on-year increase is approximately 2.5% to 2.7% annually for the first two years, reflecting stable growth in demand. Over the last five years, including the forecasted period, the compound annual growth rate (CAGR) is expected to be around 2.3% per year, indicating consistent demand.
Future trends to watch for include technological advancements in ethylene glycol production, potential policy changes regarding chemical imports, and shifts in the industrial sectors that utilize ethylene glycol, such as automotive and textile industries, which could impact future import volumes.
