| Product Code: ETC5673652 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus continued to rely on key European countries like Belgium, Netherlands, UK, Germany, and Metropolitan France for its monoethylene glycol (MEG) imports. Despite a concerning high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 stood at a steady 2.65%. However, there was a notable downturn in growth from 2023 to 2024, with a negative growth rate of -19.05%. This suggests potential shifts in market dynamics or external factors impacting MEG import shipments to Cyprus.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Monoethylene Glycol (MEG) Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Monoethylene Glycol (MEG) Market - Industry Life Cycle |
3.4 Cyprus Monoethylene Glycol (MEG) Market - Porter's Five Forces |
3.5 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Cyprus Monoethylene Glycol (MEG) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for PET bottles and polyester fibers which are major applications of monoethylene glycol (MEG) |
4.2.2 Increasing use of MEG in the production of antifreeze, coolants, and solvents |
4.2.3 Rise in the construction industry leading to higher demand for MEG-based products |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production |
4.3.2 Environmental concerns associated with the production and disposal of MEG |
4.3.3 Competition from alternative products such as bio-based ethylene glycol |
5 Cyprus Monoethylene Glycol (MEG) Market Trends |
6 Cyprus Monoethylene Glycol (MEG) Market Segmentations |
6.1 Cyprus Monoethylene Glycol (MEG) Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, By Fiber, 2021-2031F |
6.1.3 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, By PET, 2021-2031F |
6.1.4 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, By Film, 2021-2031F |
6.1.5 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, By Antifreeze & Coolant, 2021-2031F |
6.1.6 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, By Others, 2021-2031F |
6.2 Cyprus Monoethylene Glycol (MEG) Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, By Naphtha-based, 2021-2031F |
6.2.3 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, By Coal-and natural gas-based, 2021-2031F |
6.2.4 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, By Bio-based, 2021-2031F |
6.2.5 Cyprus Monoethylene Glycol (MEG) Market Revenues & Volume, By Technology Providers, 2021-2031F |
7 Cyprus Monoethylene Glycol (MEG) Market Import-Export Trade Statistics |
7.1 Cyprus Monoethylene Glycol (MEG) Market Export to Major Countries |
7.2 Cyprus Monoethylene Glycol (MEG) Market Imports from Major Countries |
8 Cyprus Monoethylene Glycol (MEG) Market Key Performance Indicators |
8.1 Average selling price of MEG in Cyprus |
8.2 Capacity utilization rate of MEG production facilities in Cyprus |
8.3 Rate of adoption of MEG in new applications in the market |
9 Cyprus Monoethylene Glycol (MEG) Market - Opportunity Assessment |
9.1 Cyprus Monoethylene Glycol (MEG) Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Cyprus Monoethylene Glycol (MEG) Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Cyprus Monoethylene Glycol (MEG) Market - Competitive Landscape |
10.1 Cyprus Monoethylene Glycol (MEG) Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Monoethylene Glycol (MEG) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here