Eastern Asia: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Eastern Asia

In 2022, the East Asian fluorescent brightening agents market increased by 28% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a slight contraction. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Fluorescent Brightening Agents Production in Eastern Asia

In value terms, fluorescent brightening agents production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 32% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports in Eastern Asia

In 2022, fluorescent brightening agents exports in Eastern Asia fell to X tons, dropping by -13% on 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, fluorescent brightening agents exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 30%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 86% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons) and South Korea (X tons), together creating a 14% share of total exports.

China was also the fastest-growing in terms of the synthetic organic products used as fluorescent brightening agents exports, with a CAGR of +2.1% from 2012 to 2022. South Korea (-6.1%) and Taiwan (Chinese) (-8.6%) illustrated a downward trend over the same period. China (+19 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Taiwan (Chinese) saw its share reduced by -3.6% and -13.4% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest fluorescent brightening agents supplier in Eastern Asia, comprising 85% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-6.0% per year) and South Korea (-4.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 an increase of 31%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($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) (+2.9%), while the other leaders experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports in Eastern Asia

Fluorescent brightening agents imports shrank sharply to X tons in 2022, waning by -16.6% on the previous year. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by 20% against the previous year. 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 fell slightly to $X in 2022. Overall, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 26%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) represented the largest importer of synthetic organic products used as fluorescent brightening agents, creating 63% of total imports. It was distantly followed by South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons), together constituting a 37% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fluorescent brightening agents imports into Japan stood at -3.6%. At the same time, South Korea (+3.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +3.7% from 2012-2022. By contrast, Taiwan (Chinese) (-8.1%) and China (-14.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea and Japan increased by +13 and +10 percentage points, respectively.

In value terms, the largest fluorescent brightening agents importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 87% share of total imports. Taiwan (Chinese) lagged somewhat behind, comprising a further 12%.

Taiwan (Chinese), with a CAGR of -2.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by 17% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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