Product intelligence · HS 290531 · 2024 data

Alcohols: acyclic, diols: ethylene glycol (ethanediol)

Global exports of alcohols: acyclic, diols: ethylene glycol (ethanediol) totalled $7,657,166,616 in 2024, a +3.1% change from the previous year. Traded by 111 countries across 2,161 bilateral corridors, with demand from 181 importing markets. The long-term trend is declining.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$7.7B

+3.1% YoY

3Y / 5Y CAGR

-6.2%

5Y: -1.8%

Supply structure

Moderately concentrated

HHI 0.202

Volatility

Low

Score 6/100

1.

Market movement

In 2024, alcohols: acyclic, diols: ethylene glycol (ethanediol) trade exhibited modest growth, with global flows reaching $7,657,166,616 and a three-year compound annual growth rate of -6.2% (five-year: -1.8%). The all-time peak of $14,309,613,285 was recorded in 2011; the current level is 46% below that high-water mark.

Over the 30-year observation window (19952024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (-2.0% acceleration).

The World Trade Flows Characterization classifies alcohols: acyclic, diols: ethylene glycol (ethanediol) as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.202). The three largest exporters — Saudi Arabia ($2.8B), United States ($1.6B), and Kuwait ($805.1M) — collectively dominate supply flows. The leading exporter has grown at -0.7% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.199). The three largest import markets are China ($3.2B), India ($613.4M), and Türkiye ($551.1M). The largest importing market sources from 37 different supplying countries.

Estimated substitution elasticity: -11.63. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Saudi Arabia → China at $1.6B, representing 49.1% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for alcohols: acyclic, diols: ethylene glycol (ethanediol) is 6 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $14,309,613,285 in 2011. Currently 46% below peak.

YearGlobal trade (USD)YoY growth
2015$9,921,764,558-15.3%
2016$7,502,790,510-24.4%
2017$10,749,011,509+43.3%
2018$12,526,343,521+16.5%
2019$8,394,287,584-33.0%
2020$6,745,987,025-19.6%
2021$9,277,149,243+37.5%
2022$8,460,485,131-8.8%
2023$7,427,451,788-12.2%
2024$7,657,166,616+3.1%

Top exporting countries

Ranked by export value of alcohols: acyclic, diols: ethylene glycol (ethanediol) in 2024.

View all 111 exporters →

Top importing markets

Largest import destinations for alcohols: acyclic, diols: ethylene glycol (ethanediol).

View all 181 markets →

Leading trade corridors

Largest bilateral export flows for alcohols: acyclic, diols: ethylene glycol (ethanediol), ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1Saudi ArabiaChina$1.6B-2.7%
2CanadaChina$472.8M+2.5%
3United StatesChina$456.8M+10.3%
4United StatesTürkiye$450.6M+13.7%
5KuwaitIndia$418.9M+5.2%
6CanadaUnited States$274.4M+12.1%
7Saudi ArabiaIndia$185.9M+36.7%
8United StatesMexico$182.3M-13.0%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.