Luxembourg: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Luxembourg

In 2022, the Luxembourg fluorescent brightening agents market increased by 8.2% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption showed a modest expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Fluorescent Brightening Agents Exports

Exports from Luxembourg

For the third consecutive year, Luxembourg recorded growth in overseas shipments of synthetic organic products used as fluorescent brightening agents, which increased by 334% to X kg in 2022. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 562%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, fluorescent brightening agents exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by 620% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X kg) and Italy (X kg) were the main destinations of fluorescent brightening agents exports from Luxembourg.

From 2014 to 2022, the biggest increases were recorded for the UK (with a CAGR of +359.0%).

In value terms, the UK ($X) and Italy ($X) appeared to be the largest markets for fluorescent brightening agents exported from Luxembourg worldwide.

The UK, with a CAGR of +310.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, surging by 9.9% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 454%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the UK totaled $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Fluorescent Brightening Agents Imports

Imports into Luxembourg

In 2022, purchases abroad of synthetic organic products used as fluorescent brightening agents increased by 21% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports recorded moderate growth. The most prominent rate of growth was recorded in 2016 with an increase of 215% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, fluorescent brightening agents imports rose to $X in 2022. Overall, imports saw a tangible increase. The growth pace was the most rapid in 2016 with an increase of 145% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest fluorescent brightening agents supplier to Luxembourg, accounting for a 74% share of total imports. Moreover, fluorescent brightening agents imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), sixfold. The third position in this ranking was taken by Germany (X kg), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+43.9% per year) and Germany (+10.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Luxembourg, comprising 56% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 23% share of total imports. It was followed by Germany, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+49.6% per year) and Germany (+15.0% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, shrinking by -13.6% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fluorescent brightening agents import price increased by +11.6% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 40%. The import price peaked at $X per ton in 2018; however, from 2019 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 the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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