China: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in China

In 2022, the Chinese fluorescent brightening agents market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a deep setback. Fluorescent brightening agents consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Fluorescent Brightening Agents Production in China

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 +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Fluorescent Brightening Agents Exports

Exports from China

In 2022, the amount of synthetic organic products used as fluorescent brightening agents exported from China declined to X tons, waning by -11.6% against the previous year's figure. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 15% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, fluorescent brightening agents exports contracted slightly to $X in 2022. Overall, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +5.1% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 35%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Finland (X tons) and Singapore (X tons) were the main destinations of fluorescent brightening agents exports from China, together accounting for 28% of total exports. Thailand, Vietnam, South Korea, Indonesia, Sweden, Italy, India, Turkey, Pakistan and South Africa lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +19.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluorescent brightening agents exported from China were Indonesia ($X), Vietnam ($X) and Japan ($X), together comprising 23% of total exports. India, South Korea, Thailand, Pakistan, South Africa, Turkey, Finland, Sweden, Italy and Singapore lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Sweden, with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of exports, 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, increasing by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 an increase of 38%. 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 Indonesia ($X per ton), while the average price for exports to Singapore ($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 Sweden (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into China

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were imported into China; falling by -26.1% against the previous year. Overall, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 206% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, fluorescent brightening agents imports expanded sharply to $X in 2022. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 67%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest fluorescent brightening agents supplier to China, accounting for a 40% share of total imports. Moreover, fluorescent brightening agents imports from India exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-2.1% per year) and South Korea (-9.9% per year).

In value terms, the largest fluorescent brightening agents suppliers to China were Switzerland ($X), India ($X) and South Korea ($X), with a combined 61% share of total imports. The United States, Mexico and Indonesia lagged somewhat behind, together accounting for a further 13%.

Mexico, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, among the main suppliers 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, surging by 46% against the previous year. Overall, the import price saw buoyant growth. 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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