Report Update Nov 1, 2024

Nigeria - Synthetic Organic Products Used As Fluorescent Brightening Agents - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Nigeria

The Nigerien fluorescent brightening agents market soared to $X in 2022, with an increase of 96% 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). In general, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports from Nigeria

In 2019, the amount of synthetic organic products used as fluorescent brightening agents exported from Nigeria stood at X kg, approximately mirroring 2018. Overall, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2013 with an increase of 408% against the previous year. As a result, the exports reached the peak of X kg. From 2014 to 2019, the growth of the exports remained at a somewhat lower figure.

In value terms, fluorescent brightening agents exports totaled $X in 2019. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 532%. As a result, the exports attained the peak of $X. From 2014 to 2019, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for fluorescent brightening agents exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Cote d'Ivoire stood at +14.9%.

From 2012 to 2019, the average annual growth rate of value to Cote d'Ivoire totaled +22.4%.

Export Prices by Country

In 2019, the average fluorescent brightening agents export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price recorded a noticeable decline. The growth pace was the most rapid in 2013 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2019, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2019, the rate of growth in terms of prices for Cote d'Ivoire amounted to +6.6% per year.

Fluorescent Brightening Agents Imports

Imports into Nigeria

In 2022, purchases abroad of synthetic organic products used as fluorescent brightening agents increased by 116% to X tons, rising for the third consecutive year after four years of decline. In general, imports saw resilient growth. The growth pace was the most rapid in 2020 when imports increased by 127%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports soared to $X in 2022. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by 147%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest fluorescent brightening agents supplier to Nigeria, accounting for a 70% share of total imports. Moreover, fluorescent brightening agents imports from Indonesia exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Switzerland (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.8% per year) and Switzerland (+11.4% per year).

In value terms, Indonesia ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Nigeria, comprising 73% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Switzerland, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia totaled +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.7% per year) and Switzerland (+17.0% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, reducing by -20.9% against the previous year. Over the period under review, the import price showed a noticeable descent. The growth pace was the most rapid in 2019 when the average import price increased by 55% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Switzerland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic organic products used as fluorescent brightening agents in the world?

The countries with the highest volumes of in 2021 were Switzerland, Finland and Taiwan Chinese), together comprising 27% of global consumption. These countries were followed by Japan, India, China, Italy, Russia, Canada, Austria, Thailand, Singapore and France, which together accounted for a further 37%.

What are the largest producers of synthetic organic products used as fluorescent brightening agents in the world?

The countries with the highest volumes of in 2021 were China, Switzerland and India, with a combined 53% share of global production. Spain, Germany, Taiwan Chinese) and Indonesia lagged somewhat behind, together accounting for a further 34%.

What are the leading suppliers of synthetic organic products used as fluorescent brightening agents to Nigeria?

In value terms, Indonesia constituted the largest supplier of fluorescent brightening agents to Nigeria, comprising 71% of total imports. The second position in the ranking was occupied by Switzerland, with a 9.7% share of total imports. It was followed by India, with a 9.7% share.

What is the average export price for synthetic organic products used as fluorescent brightening agents in Nigeria?

In 2019, the average fluorescent brightening agents export price amounted to $13,787 per ton, standing approx. at the previous year.

What is the average import price for synthetic organic products used as fluorescent brightening agents in Nigeria?

In 2021, the average fluorescent brightening agents import price amounted to $15,085 per ton, growing by 9% against the previous year.

This report provides an in-depth analysis of the fluorescent brightening agents market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20122160 - Synthetic organic products used as fluorescent brightening agents

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023