Colombia: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Colombia

In 2022, after two years of decline, there was growth in the Colombian fluorescent brightening agents market, when its value increased by 1% to $X. Overall, consumption showed a slight curtailment. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports from Colombia

In 2022, after three years of growth, there was significant decline in shipments abroad of synthetic organic products used as fluorescent brightening agents, when their volume decreased by -27.9% to X tons. Overall, exports, however, showed a temperate increase. The growth pace was the most rapid in 2021 when exports increased by 189% against the previous year. As a result, the exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, fluorescent brightening agents exports dropped rapidly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 136% against the previous year. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Ecuador (X tons), El Salvador (X tons) and Trinidad and Tobago (X tons) were the main destinations of fluorescent brightening agents exports from Colombia, together accounting for 84% of total exports. Peru, Honduras, Brazil and Venezuela lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +28.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for synthetic organic products used as fluorescent brightening agents exports from Colombia, comprising 41% of total exports. The second position in the ranking was held by Honduras ($X), with a 19% share of total exports. It was followed by El Salvador, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+29.5% per year) and El Salvador (+5.7% per year).

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price saw a perceptible slump. The growth pace was the most rapid in 2018 an increase of 70% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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 Honduras ($X per ton), while the average price for exports to El Salvador ($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 Panama (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Colombia

Fluorescent brightening agents imports into Colombia dropped to X tons in 2022, falling by -5.8% against 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 50%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fluorescent brightening agents imports declined slightly to $X in 2022. Overall, imports showed a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest fluorescent brightening agents supplier to Colombia, with a 53% share of total imports. Moreover, fluorescent brightening agents imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.1% per year) and the United States (-16.1% per year).

In value terms, China ($X), Brazil ($X) and Switzerland ($X) constituted the largest fluorescent brightening agents suppliers to Colombia, together accounting for 69% of total imports.

Brazil, with a CAGR of +15.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, surging by 5.1% against the previous year. In general, the import price, however, showed a perceptible downturn. The growth pace was the most rapid in 2020 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, 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 Switzerland ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :