Greece: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Greece

The Greek fluorescent brightening agents market contracted to $X in 2022, shrinking by -14.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports from Greece

In 2022, the amount of synthetic organic products used as fluorescent brightening agents exported from Greece declined remarkably to X tons, falling by -68.7% on 2021 figures. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 230%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents exports shrank remarkably to $X in 2022. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 219%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for fluorescent brightening agents exports from Greece, accounting for a 56% share of total exports. Moreover, fluorescent brightening agents exports to Italy exceeded the volume sent to the second major destination, Poland (X kg), threefold. Cyprus (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +104.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-4.2% per year) and Cyprus (+16.4% per year).

In value terms, Italy ($X) emerged as the key foreign market for synthetic organic products used as fluorescent brightening agents exports from Greece, comprising 53% of total exports. The second position in the ranking was held by Cyprus ($X), with an 18% share of total exports. It was followed by Poland, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to +108.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+16.2% per year) and Poland (-2.2% per year).

Export Prices by Country

The average fluorescent brightening agents export price stood at $X per ton in 2022, rising by 21% against the previous year. In general, the export price enjoyed a noticeable expansion. The growth pace was the most rapid in 2020 an increase of 171% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Bulgaria ($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 Lithuania (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Greece

In 2022, imports of synthetic organic products used as fluorescent brightening agents into Greece surged to X tons, rising by 22% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, fluorescent brightening agents imports declined dramatically to $X in 2022. In general, imports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of fluorescent brightening agents to Greece, accounting for a 54% share of total imports. Moreover, fluorescent brightening agents imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.2% per year) and Italy (-4.0% per year).

In value terms, the largest fluorescent brightening agents suppliers to Greece were Germany ($X), Italy ($X) and India ($X), with a combined 84% share of total imports.

In terms of the main suppliers, India, with a CAGR of +31.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average fluorescent brightening agents import price amounted to $X per ton, shrinking by -50% against the previous year. Overall, the import price saw a slight descent. The pace of growth was the most pronounced in 2019 an increase of 20%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined markedly in the following year.

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 Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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