Argentina: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Argentina

After three years of growth, the Argentinian fluorescent brightening agents market decreased by -21.6% to $X in 2022. Overall, consumption, however, showed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2021, and then reduced dramatically in the following year.

Fluorescent Brightening Agents Production in Argentina

In value terms, fluorescent brightening agents production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with a decrease of 99.9%. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in the near future.

Fluorescent Brightening Agents Exports

Exports from Argentina

In 2022, fluorescent brightening agents exports from Argentina dropped markedly to X tons, shrinking by -25.1% on 2021 figures. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 76%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents exports shrank significantly to $X in 2022. Overall, exports faced a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 77%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for fluorescent brightening agents exports from Argentina, with a 97% share of total exports. It was followed by Uruguay (X tons), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bolivia totaled +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-39.6% per year) and Chile (-44.2% per year).

In value terms, Bolivia ($X) remains the key foreign market for synthetic organic products used as fluorescent brightening agents exports from Argentina, comprising 95% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 3.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-32.3% per year) and Chile (-41.4% per year).

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, waning by -9.8% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fluorescent brightening agents export price decreased by -16.7% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 35% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Argentina

Fluorescent brightening agents imports into Argentina declined to X tons in 2022, falling by -11.3% against the previous year's figure. Over the period under review, imports, however, showed a modest expansion. The growth pace was the most rapid in 2019 with an increase of 107%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, fluorescent brightening agents imports declined significantly to $X in 2022. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 54%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of fluorescent brightening agents to Argentina, accounting for a 72% share of total imports. Moreover, fluorescent brightening agents imports from Brazil exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-10.4% per year) and China (-1.5% per year).

In value terms, the largest fluorescent brightening agents suppliers to Argentina were Brazil ($X), China ($X) and India ($X), with a combined 84% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +24.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, reducing by -17.9% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 35%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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