Asia: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Asia

The Asian fluorescent brightening agents market totaled $X in 2022, rising by 6.3% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fluorescent Brightening Agents Production in Asia

In value terms, fluorescent brightening agents production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 25%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fluorescent Brightening Agents Exports

Exports in Asia

In 2022, fluorescent brightening agents exports in Asia dropped to X tons, which is down by -6.7% compared with the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 12%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fluorescent brightening agents exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 28% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the main exporting country with an export of around X tons, which accounted for 47% of total exports. India (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (17%) and Taiwan (Chinese) (5.4%). The following exporters - Singapore (X tons) and South Korea (X tons) - each finished at a 6% share of total exports.

Exports from China increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, Singapore (+7.1%) and Indonesia (+3.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia, with a CAGR of +7.1% from 2012-2022. By contrast, India (-2.3%), South Korea (-6.1%) and Taiwan (Chinese) (-8.6%) illustrated a downward trend over the same period. China (+9.4 p.p.), Indonesia (+4.9 p.p.) and Singapore (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while South Korea, India and Taiwan (Chinese) saw its share reduced by -2.1%, -5.5% and -7.9% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest fluorescent brightening agents supplier in Asia, comprising 54% of total exports. The second position in the ranking was taken by India ($X), with a 24% share of total exports. It was followed by Indonesia, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+1.3% per year) and Indonesia (+3.7% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2018 when the export price increased by 28%. The level of export 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 origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the other leaders experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports in Asia

In 2022, imports of synthetic organic products used as fluorescent brightening agents in Asia dropped to X tons, waning by -7.7% compared with the previous year. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 14%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fluorescent brightening agents imports reached $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) and Indonesia (X tons) were the largest importers of synthetic organic products used as fluorescent brightening agents in Asia, together constituting 34% of total imports. Bangladesh (X tons) ranks next in terms of the total imports with a 10% share, followed by Thailand (9.8%), Vietnam (8.5%), South Korea (5.8%), Singapore (5.5%) and Turkey (5.4%). The Philippines (X tons), China (X tons), India (X tons), the United Arab Emirates (X tons) and Pakistan (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported synthetic organic products used as fluorescent brightening agents in Asia, comprising 22% of total imports. The second position in the ranking was taken by Japan ($X), with a 9% share of total imports. It was followed by Vietnam, with an 8.1% share.

In Indonesia, fluorescent brightening agents imports increased at an average annual rate of +7.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-2.9% per year) and Vietnam (+6.8% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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