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Written by James » Updated on: October 23rd, 2024
The latest report by IMARC, titled "Diethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of diethylene glycol prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Diethylene Glycol Prices December 2023:
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The Diethylene Glycol (DEG) market is primarily driven by its diverse range of applications across various industries, notably within the antifreeze, polyester resin, and plastic sectors. In the fourth quarter of 2023, the market dynamics of DEG were influenced by supply and demand fluctuations across different regions. Supply constraints, coupled with moderate to high demand from specific sectors, led to varied pricing and availability scenarios globally. The antifreeze sector, in particular, demonstrated a gradual recovery, signaling a potential uplift in demand. However, this was counterbalanced by the sluggish demand from the downstream polyester resin and plastic industries. Additionally, the volatility in feedstock prices further complicated the market landscape, affecting DEG production costs and, consequently, its market price. The scenario was further nuanced by regional differences, with each region experiencing its unique set of challenges and opportunities based on local market conditions, supply chain dynamics, and economic factors.
Browse Full Report: https://www.imarcgroup.com/diethylene-glycol-pricing-report
The global diethylene glycol market size reached 3.3 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 4.7 Million Tons, at a projected CAGR of 3.90% during 2023-2032. In the last quarter of 2023, the DEG market witnessed significant fluctuations in prices, influenced by a variety of factors across different regions. In North America, DEG prices experienced slight increases in October and November, followed by a decrease in December, culminating in an overall dynamic quarter. This price volatility can be attributed to disruptions in supply and demand, sluggish growth in production, and fluctuations in feedstock prices. The supply of DEG remained low to moderate due to decreased new orders and subdued export markets, while demand varied across sectors, with the antifreeze sector showing signs of recovery, but the downstream polyester resin and plastic sectors experiencing sluggish demand. The feedstock price fluctuations had a cascading effect on DEG prices, making the market landscape in North America particularly challenging for stakeholders.
In contrast, the APAC region displayed a mix trend, driven by firm domestic demand, particularly in South Korea, and a narrowed gap between demand and supply due to reduced global availability and heightened feedstock prices. The demand from the polyurethanes and antifreeze sectors remained high, although there was a decrease in demand from the antifreeze sector, affecting DEG prices. The market in this region achieved a semblance of balance due to consistent feedstock supply and uninterrupted production, with prices in South Korea increasing by 10% compared to the previous quarter. Europe faced its challenges, with a decrease in demand from the polyester resin and plastic sectors and an oversupply condition leading to a competitive market and decreased prices. The situation was exacerbated by economic factors in Germany, leading to a significant decline in DEG demand. Meanwhile, the MEA region saw a price decrease due to weak demand from downstream industries and the overall economic situation.
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