Australia: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Australia

In 2022, the Australian fluorescent brightening agents market decreased by -25.1% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports from Australia

In 2022, overseas shipments of synthetic organic products used as fluorescent brightening agents decreased by -22.9% to X kg, falling for the second consecutive year after two years of growth. In general, exports showed a sharp slump. The most prominent rate of growth was recorded in 2019 when exports increased by 218%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fluorescent brightening agents exports soared to $X in 2022. Overall, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2016 when exports increased by 624%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg), Germany (X kg) and New Zealand (X kg) were the main destinations of fluorescent brightening agents exports from Australia, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +62.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluorescent brightening agents exported from Australia were Germany ($X), the United States ($X) and Ghana ($X), with a combined 85% share of total exports.

The United States, with a CAGR of +6.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, rising by 143% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 416%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Belgium ($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 Vietnam (+30.3%), while the prices for the other major destinations experienced mixed trend patterns.

Fluorescent Brightening Agents Imports

Imports into Australia

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were imported into Australia; falling by -39.9% compared with the previous year's figure. Over the period under review, imports recorded a perceptible contraction. The growth pace was the most rapid in 2019 with an increase of 28%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fluorescent brightening agents imports dropped rapidly to $X in 2022. Overall, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2019 when imports increased by 77%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of fluorescent brightening agents to Australia, with a 77% share of total imports. Moreover, fluorescent brightening agents imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The third position in this ranking was taken by Indonesia (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.6% per year) and Indonesia (-1.9% per year).

In value terms, India ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Australia, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Switzerland, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.1% per year) and Switzerland (-6.4% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, jumping by 33% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 38% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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