Japan: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Japan

The Japanese fluorescent brightening agents market contracted to $X in 2022, falling by -5.1% 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 saw a pronounced decline. Fluorescent brightening agents consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Fluorescent Brightening Agents Exports

Exports from Japan

For the sixth year in a row, Japan recorded decline in overseas shipments of synthetic organic products used as fluorescent brightening agents, which decreased by -3.6% to X tons in 2022. In general, exports continue to indicate a deep slump. The growth pace was the most rapid in 2016 when exports increased by 2% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents exports fell notably to $X in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 16%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), South Korea (X tons) and China (X tons) were the main destinations of fluorescent brightening agents exports from Japan, with a combined 71% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +1.7%), while the other leaders experienced a decline.

In value terms, China ($X) remains the key foreign market for synthetic organic products used as fluorescent brightening agents exports from Japan, comprising 45% of total exports. The second position in the ranking was taken by Thailand ($X), with a 22% share of total exports. It was followed by Taiwan (Chinese), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-2.2% per year) and Taiwan (Chinese) (-18.3% per year).

Export Prices by Country

The average fluorescent brightening agents export price stood at $X per ton in 2022, with a decrease of -49.7% against the previous year. Over the period under review, the export price, however, continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2019 an increase of 46%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines ($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 China (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Japan

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were imported into Japan; shrinking by -16.3% compared with the previous year's figure. In general, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fluorescent brightening agents imports declined to $X in 2022. Overall, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2019 when imports increased by 21% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of fluorescent brightening agents to Japan, with a 64% share of total imports. Moreover, fluorescent brightening agents imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.8% per year) and Taiwan (Chinese) (-8.0% per year).

In value terms, China ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Japan, comprising 52% of total imports. The second position in the ranking was held by Switzerland ($X), with a 19% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-2.7% per year) and India (+14.8% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, surging by 17% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 35%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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