Malaysia: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Malaysia

The Malaysian fluorescent brightening agents market shrank to $X in 2022, with a decrease of -13.9% 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 slight curtailment. 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 Malaysia

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were exported from Malaysia; with an increase of 26% against the previous year's figure. In general, exports showed a mild expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 347%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fluorescent brightening agents exports surged to $X in 2022. Overall, exports, however, continue to indicate a slight slump. The pace of growth appeared the most rapid in 2015 when exports increased by 299%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons), Indonesia (X tons) and India (X tons) were the main destinations of fluorescent brightening agents exports from Malaysia, with a combined 82% 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 India (with a CAGR of +50.2%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and India ($X) were the largest markets for fluorescent brightening agents exported from Malaysia worldwide, with a combined 75% share of total exports.

In terms of the main countries of destination, India, with a CAGR of +49.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fluorescent brightening agents export price stood at $X per ton in 2022, rising by 5.1% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34% against the previous year. The export price peaked 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($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 Myanmar (+129.8%), while the prices for the other major destinations experienced mixed trend patterns.

Fluorescent Brightening Agents Imports

Imports into Malaysia

In 2022, overseas purchases of synthetic organic products used as fluorescent brightening agents were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports shrank significantly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 48% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of fluorescent brightening agents to Malaysia, with a 72% share of total imports. Moreover, fluorescent brightening agents imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), tenfold. India (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+0.0% per year) and India (-15.6% per year).

In value terms, China ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Malaysia, comprising 48% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.9% per year) and Belgium (+16.6% per year).

Import Prices by Country

In 2022, the average fluorescent brightening agents import price amounted to $X per ton, falling by -18.1% against the previous year. Overall, the import price, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53%. As a result, import price reached the peak level of $X per ton, and then plummeted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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