Indonesia: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Indonesia

In 2022, the Indonesian fluorescent brightening agents market decreased by -64.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a noticeable expansion. Fluorescent brightening agents consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Fluorescent Brightening Agents Production in Indonesia

In value terms, fluorescent brightening agents production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports from Indonesia

In 2022, shipments abroad of synthetic organic products used as fluorescent brightening agents was finally on the rise to reach X tons after two years of decline. In general, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 77%. As a result, the exports reached the peak of X tons; afterwards, it flattened through to 2022.

In value terms, fluorescent brightening agents exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of 88%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons), China (X tons) and South Korea (X tons) were the main destinations of fluorescent brightening agents exports from Indonesia, with a combined 68% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +34.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Nigeria ($X) and Singapore ($X) were the largest markets for fluorescent brightening agents exported from Indonesia worldwide, with a combined 56% share of total exports. The United States, South Korea, Pakistan, Mexico, Thailand, Japan and Australia lagged somewhat behind, together accounting for a further 36%.

South Korea, with a CAGR of +30.7%, saw the highest growth rate of the value of exports, in terms of 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 7.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 22%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Nigeria ($X per ton), while the average price for exports to Singapore ($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 (+1.1%), while the prices for the other major destinations experienced a decline.

Fluorescent Brightening Agents Imports

Imports into Indonesia

In 2022, fluorescent brightening agents imports into Indonesia fell modestly to X tons, declining by -3.3% compared with the previous year. Overall, imports, however, saw strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 70%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, fluorescent brightening agents imports soared to $X in 2022. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 62%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Singapore (X tons) and India (X tons) were the main suppliers of fluorescent brightening agents imports to Indonesia, together accounting for 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +56.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Indonesia, comprising 64% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports. It was followed by Singapore, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.2% per year) and Singapore (+39.9% per year).

Import Prices by Country

In 2022, the average fluorescent brightening agents import price amounted to $X per ton, surging by 55% against the previous year. In general, the import price recorded a mild increase. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 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 Germany ($X per ton), while the price for Singapore ($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 (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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