Belgium: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Belgium

The Belgian fluorescent brightening agents market fell sharply to $X in 2022, with a decrease of -32% against the previous year. In general, consumption, however, enjoyed a noticeable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fluorescent Brightening Agents Production in Belgium

In value terms, fluorescent brightening agents production reached $X in 2022 estimated in export price. Overall, production posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 88% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fluorescent Brightening Agents Exports

Exports from Belgium

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were exported from Belgium; increasing by 17% against the previous year. In general, exports showed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 49%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, fluorescent brightening agents exports reached $X in 2022. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Austria (X tons) was the main destination for fluorescent brightening agents exports from Belgium, accounting for a 39% share of total exports. Moreover, fluorescent brightening agents exports to Austria exceeded the volume sent to the second major destination, France (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled +65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.5% per year) and Poland (+30.7% per year).

In value terms, France ($X), Austria ($X) and Poland ($X) were the largest markets for fluorescent brightening agents exported from Belgium worldwide, together accounting for 36% of total exports.

Austria, with a CAGR of +35.6%, recorded the highest growth rate of the value of exports, among 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

The average fluorescent brightening agents export price stood at $X per ton in 2022, with a decrease of -11.4% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Austria ($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 Hong Kong SAR (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Belgium

In 2022, supplies from abroad of synthetic organic products used as fluorescent brightening agents increased by 1.1% to X tons, rising for the second consecutive year after seven years of decline. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 24% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, fluorescent brightening agents imports contracted to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 61% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest fluorescent brightening agents supplier to Belgium, with a 76% share of total imports. Moreover, fluorescent brightening agents imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold. The third position in this ranking was held by Italy (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+21.6% per year) and Italy (-4.8% per year).

In value terms, Germany ($X), the Netherlands ($X) and Italy ($X) constituted the largest fluorescent brightening agents suppliers to Belgium, together comprising 73% of total imports. France and Spain lagged somewhat behind, together accounting for a further 9%.

Among the main suppliers, Spain, with a CAGR of +19.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fluorescent brightening agents import price amounted to $X per ton, declining by -15% against the previous year. In general, the import price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 72% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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