India: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in India

The Indian fluorescent brightening agents market soared to $X in 2022, rising by 43% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. Fluorescent brightening agents consumption peaked in 2022 and is likely to see steady growth in years to come.

Fluorescent Brightening Agents Production in India

In value terms, fluorescent brightening agents production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 30%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Fluorescent Brightening Agents Exports

Exports from India

In 2022, exports of synthetic organic products used as fluorescent brightening agents from India contracted remarkably to X tons, which is down by -18.6% compared with the year before. In general, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2013 when exports increased by 17%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, fluorescent brightening agents exports rose markedly to $X in 2022. Over the period under review, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +13.8% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 36%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X tons), South Africa (X tons) and the United States (X tons) were the main destinations of fluorescent brightening agents exports from India, with a combined 22% share of total exports. Australia, Germany, the United Arab Emirates, Japan, Turkey, Russia, Egypt, Mexico, Indonesia and the Philippines lagged somewhat behind, together comprising 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 the United Arab Emirates (with a CAGR of +33.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluorescent brightening agents exported from India were the United States ($X), Bangladesh ($X) and Turkey ($X), with a combined 24% share of total exports. Germany, Indonesia, South Africa, the Philippines, Mexico, Egypt, Australia, the United Arab Emirates, Japan and Russia lagged somewhat behind, together comprising a further 36%.

The United Arab Emirates, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, growing by 36% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the average price for exports to Russia ($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 the United States (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into India

For the fourth year in a row, India recorded decline in supplies from abroad of synthetic organic products used as fluorescent brightening agents, which decreased by -14.1% to X tons in 2022. Overall, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -48.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 62% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports shrank rapidly to $X in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.6% against 2019 indices. The growth pace was the most rapid in 2018 when imports increased by 39%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest fluorescent brightening agents supplier to India, with a 50% share of total imports. Moreover, fluorescent brightening agents imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+59.5% per year) and the Netherlands (+48.2% per year).

In value terms, China ($X), Belgium ($X) and the Netherlands ($X) constituted the largest fluorescent brightening agents suppliers to India, together comprising 82% of total imports. Singapore, Italy, Hong Kong SAR, Switzerland and Thailand lagged somewhat behind, together accounting for a further 8.4%.

Hong Kong SAR, with a CAGR of +75.2%, saw the highest rates of growth with regard to 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, reducing by -1.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 59%. As a result, import price reached the peak level of $X per ton, and then dropped slightly 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 Singapore ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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