The import of 2,2-Oxydiethanol (Diethylene Glycol) to Malaysia has shown a cyclical pattern over the last decade, with fluctuating year-on-year variations. In 2023, imports stood at 3.2366 million kilograms. From 2022 to 2023, there was a year-on-year increase of 3.6%. Over the last five years, from 2018 to 2023, the compound annual growth rate (CAGR) was a modest 0.13%.
Future trends indicate a steady growth trajectory, with imports forecasted to reach 3.824 million kilograms by 2028, reflecting a forecasted 5-year CAGR of 2.62% and an overall growth rate of 13.81% from 2023 to 2028.
Key future trends to watch for:
- Shifts in global supply chain dynamics impacting diethylene glycol availability
- Changes in domestic demand driven by industrial applications in Malaysia
- Potential regulatory changes affecting chemical imports
- Economic indicators influencing market trends
