Pakistan: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Pakistan

In 2022, after two years of decline, there was growth in the Pakistani fluorescent brightening agents market, when its value increased by 4.1% to $X. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -21.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports from Pakistan

Fluorescent brightening agents exports from Pakistan dropped to X tons in 2022, with a decrease of -9.2% against the previous year's figure. In general, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 63% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, fluorescent brightening agents exports rose to $X in 2022. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.1% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 51% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for fluorescent brightening agents exports from Pakistan, accounting for a 56% share of total exports. Moreover, fluorescent brightening agents exports to Bahrain exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+4.5% per year) and the United Arab Emirates (+31.4% per year).

In value terms, Bahrain ($X), Singapore ($X) and the United Arab Emirates ($X) were the largest markets for fluorescent brightening agents exported from Pakistan worldwide, with a combined 84% share of total exports. Bangladesh and Vietnam lagged somewhat behind, together accounting for a further 16%.

Vietnam, with a CAGR of +152.1%, saw the highest growth rate of the value of exports, among the main countries of destination 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, increasing by 13% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Bahrain ($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 the United Arab Emirates (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Pakistan

In 2022, supplies from abroad of synthetic organic products used as fluorescent brightening agents increased by 9.3% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fluorescent brightening agents imports reached $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.3% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 27%. Imports peaked at $X in 2019; however, from 2020 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 Pakistan, accounting for a 61% share of total imports. Moreover, fluorescent brightening agents imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+7.1% per year) and Indonesia (-0.8% per year).

In value terms, China ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Pakistan, comprising 63% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 22% share of total imports. It was followed by Indonesia, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+7.2% per year) and Indonesia (+3.7% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, with a decrease of -8.1% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +33.1% against 2018 indices. The growth pace was the most rapid in 2020 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Switzerland ($X per ton) and China ($X per ton), while the price for Indonesia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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