New Zealand: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in New Zealand

In 2022, after three years of growth, there was significant decline in the New Zealand fluorescent brightening agents market, when its value decreased by -29.3% to $X. Over the period under review, consumption saw a deep slump. Fluorescent brightening agents consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Fluorescent Brightening Agents Exports

Exports from New Zealand

In 2022, shipments abroad of synthetic organic products used as fluorescent brightening agents decreased by 0% to X kg, falling for the third year in a row after three years of growth. Overall, exports saw a dramatic curtailment. The growth pace was the most rapid in 2019 with an increase of 720%. 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 stood at $X in 2022. In general, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2019 when exports increased by 509% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Fiji (X kg) was the main destination for fluorescent brightening agents exports from New Zealand, accounting for a 94% share of total exports. Moreover, fluorescent brightening agents exports to Fiji exceeded the volume sent to the second major destination, Australia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Fiji amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-42.7% per year) and China (-44.7% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to Fiji totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-38.0% per year) and China (-40.4% per year).

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Australia ($X per ton), while the average price for exports to China ($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 Australia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into New Zealand

In 2022, purchases abroad of synthetic organic products used as fluorescent brightening agents decreased by -33.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, fluorescent brightening agents imports declined significantly to $X in 2022. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 42%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of fluorescent brightening agents to New Zealand, accounting for a 82% share of total imports. Moreover, fluorescent brightening agents imports from Belgium exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.0% per year) and India (-19.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to New Zealand, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 5.3% share of total imports. It was followed by India, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.3% per year) and India (-16.5% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, surging by 7.7% against the previous year. Overall, the import price, however, recorded a slight slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 8.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($X per ton) and India ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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