Ethylene Dichloride Market

The global market for 1,2-dichloroethane (ethylene dichloride) is on the rise, with consumption and production projected to increase over the next eight years. The market performance is expected to accelerate, with a forecasted CAGR of +4.4% for consumption and +6.4% for value from 2022 to 2030. The largest consumers and producers include countries like India, the United States, Germany, and Qatar. While import and export trends have shown fluctuations in recent years, overall the market is expected to see gradual growth in the near future.

Market Forecast

Driven by increasing demand for 1,2-dichloroethane (ethylene dichloride) worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market volume to 7.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.4% for the period from 2022 to 2030, which is projected to bring the market value to $5.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of 1,2-Dichloroethane (Ethylene Dichloride)

Global ethylene dichloride consumption stood at 5.4M tons in 2022, increasing by 6.9% against 2021. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak volume of 5.6M tons. From 2019 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global ethylene dichloride market value stood at $3.5B in 2022, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (677K tons), the United States (661K tons) and Germany (643K tons), with a combined 37% share of global consumption. Qatar, Thailand, Saudi Arabia, Brazil, the UK, Spain, Egypt, Belgium and Italy lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +88.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest ethylene dichloride markets worldwide were India ($324M), Qatar ($305M) and Germany ($298M), with a combined 26% share of the global market. The United States, Thailand, Brazil, Saudi Arabia, Spain, the UK, Egypt, Belgium and Italy lagged somewhat behind, together accounting for a further 34%.

Spain, with a CAGR of +99.6%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of ethylene dichloride per capita consumption was registered in Qatar (197 kg per person), followed by Belgium (12 kg per person), Saudi Arabia (9.8 kg per person) and Germany (7.8 kg per person), while the world average per capita consumption of ethylene dichloride was estimated at 0.7 kg per person.

In Qatar, ethylene dichloride per capita consumption increased at an average annual rate of +1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (-4.2% per year) and Saudi Arabia (+2.2% per year).

Production

World Production of 1,2-Dichloroethane (Ethylene Dichloride)

In 2022, after two years of growth, there was decline in production of 1,2-dichloroethane (ethylene dichloride), when its volume decreased by -1.8% to 5.5M tons. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 3.7% against the previous year. Global production peaked at 5.6M tons in 2021, and then contracted in the following year.

In value terms, ethylene dichloride production reduced to $3.1B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by 25%. As a result, production reached the peak level of $3.3B, and then declined in the following year.

Production By Country

The country with the largest volume of ethylene dichloride production was the United States (1.5M tons), accounting for 27% of total volume. Moreover, ethylene dichloride production in the United States exceeded the figures recorded by the second-largest producer, Germany (750K tons), twofold. The third position in this ranking was held by Saudi Arabia (629K tons), with an 11% share.

In the United States, ethylene dichloride production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (-2.9% per year) and Saudi Arabia (+1.9% per year).

Imports

World Imports of 1,2-Dichloroethane (Ethylene Dichloride)

In 2022, approx. 2.8M tons of 1,2-dichloroethane (ethylene dichloride) were imported worldwide; reducing by -8.6% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 8.4% against the previous year. Global imports peaked at 3.9M tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, ethylene dichloride imports fell to $1.8B in 2022. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, imports reached the peak of $2B, and then dropped in the following year.

Imports By Country

India (678K tons), Thailand (481K tons) and Germany (414K tons) represented roughly 56% of total imports in 2022. Taiwan (Chinese) (220K tons) took the next position in the ranking, followed by Spain (205K tons), Egypt (145K tons) and China (139K tons). All these countries together held approx. 25% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +25.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest ethylene dichloride importing markets worldwide were India ($426M), Thailand ($297M) and Germany ($197M), with a combined 52% share of global imports. Taiwan (Chinese), Spain, Egypt and China lagged somewhat behind, together comprising a further 26%.

In terms of the main importing countries, Spain, with a CAGR of +41.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average ethylene dichloride import price stood at $626 per ton in 2022, shrinking by -4% against the previous year. In general, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 111% against the previous year. As a result, import price attained the peak level of $652 per ton, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($761 per ton), while China ($423 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of 1,2-Dichloroethane (Ethylene Dichloride)

In 2022, global exports of 1,2-dichloroethane (ethylene dichloride) contracted remarkably to 3M tons, reducing by -19.4% compared with 2021. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 14% against the previous year. As a result, the exports attained the peak of 3.9M tons. From 2020 to 2022, the growth of the global exports remained at a lower figure.

In value terms, ethylene dichloride exports declined to $1.7B in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, the exports attained the peak of $2B, and then declined in the following year.

Exports By Country

In 2022, the United States (857K tons), distantly followed by Germany (520K tons), Indonesia (316K tons), South Korea (301K tons), Saudi Arabia (279K tons) and Belgium (247K tons) represented the largest exporters of 1,2-dichloroethane (ethylene dichloride), together mixing up 85% of total exports. Taiwan (Chinese) (128K tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +4.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($509M), Germany ($265M) and Indonesia ($198M) were the countries with the highest levels of exports in 2022, with a combined 57% share of global exports. Saudi Arabia, South Korea, Belgium and Taiwan (Chinese) lagged somewhat behind, together comprising a further 33%.

Taiwan (Chinese), with a CAGR of +14.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average ethylene dichloride export price stood at $583 per ton in 2022, with an increase of 7% against the previous year. Overall, the export price saw a buoyant increase. The growth pace was the most rapid in 2021 when the average export price increased by 81% against the previous year. The global export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($814 per ton), while Belgium ($444 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform