EU: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in the EU

In 2022, the EU fluorescent brightening agents market was finally on the rise to reach $X after two years of decline. In general, consumption saw a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Fluorescent Brightening Agents Production in the EU

In value terms, fluorescent brightening agents production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw a slight reduction. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fluorescent Brightening Agents Exports

Exports in the EU

In 2022, the amount of synthetic organic products used as fluorescent brightening agents exported in the European Union declined to X tons, with a decrease of -6.2% against the previous year. Over the period under review, exports saw a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents exports expanded significantly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) and Germany (X tons) represented roughly 69% of total exports in 2022. Italy (X tons) took the next position in the ranking, followed by the Netherlands (X tons) and Belgium (X tons). All these countries together took near 26% share of total exports. Sweden (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +17.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fluorescent brightening agents supplying countries in the European Union were Germany ($X), Spain ($X) and Belgium ($X), together accounting for 73% of total exports. The Netherlands, Italy and Sweden lagged somewhat behind, together comprising a further 23%.

In terms of the main exporting countries, Sweden, with a CAGR of +16.7%, saw the highest growth rate of 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

In 2022, the export price in the European Union amounted to $X per ton, increasing by 13% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 an increase of 31% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the other leaders experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports in the EU

Fluorescent brightening agents imports declined to X tons in 2022, waning by -9.3% against the previous year's figure. Over the period under review, imports recorded a noticeable descent. The growth pace was the most rapid in 2017 when imports increased by 13% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fluorescent brightening agents imports expanded significantly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 18% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Finland (X tons), Italy (X tons), Germany (X tons), Portugal (X tons), Sweden (X tons), France (X tons), Poland (X tons) and Austria (X tons) represented roughly 84% of total imports in 2022. It was distantly followed by Slovakia (X tons), achieving a 4.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +5.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Finland, Sweden, Poland, Portugal, Austria and Slovakia lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, Slovakia, with a CAGR of +7.0%, 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 import price in the European Union stood at $X per ton in 2022, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Finland ($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 (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :