Brazil: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Brazil

For the third year in a row, the Brazilian fluorescent brightening agents market recorded decline in sales value, which decreased by -23.6% to $X in 2022. Over the period under review, consumption saw a precipitous decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fluorescent Brightening Agents Production in Brazil

In value terms, fluorescent brightening agents production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 389%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Fluorescent Brightening Agents Exports

Exports from Brazil

In 2022, overseas shipments of synthetic organic products used as fluorescent brightening agents increased by 2.4% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 122% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fluorescent brightening agents exports expanded sharply to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 145%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Colombia (X tons) was the main destination for fluorescent brightening agents exports from Brazil, accounting for a 89% share of total exports. Moreover, fluorescent brightening agents exports to Colombia exceeded the volume sent to the second major destination, Argentina (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to +47.9%.

In value terms, Colombia ($X) remains the key foreign market for synthetic organic products used as fluorescent brightening agents exports from Brazil, comprising 94% of total exports. The second position in the ranking was held by Argentina ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia stood at +64.3%.

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, growing by 10% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 58% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Fluorescent Brightening Agents Imports

Imports into Brazil

In 2022, purchases abroad of synthetic organic products used as fluorescent brightening agents was finally on the rise to reach X tons for the first time since 2012, thus ending a nine-year declining trend. In general, imports, however, saw a abrupt shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest fluorescent brightening agents supplier to Brazil, accounting for a 65% share of total imports. Moreover, fluorescent brightening agents imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.8% per year) and Germany (+1.8% per year).

In value terms, the largest fluorescent brightening agents suppliers to Brazil were India ($X), China ($X) and Germany ($X), together comprising 79% of total imports. Switzerland, Hong Kong SAR, South Korea, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +15.6%, saw the highest growth rate of 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

The average fluorescent brightening agents import price stood at $X per ton in 2022, waning by -14.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 41%. As a result, import price attained 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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :