South Africa: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in South Africa

The South African fluorescent brightening agents market fell modestly to $X in 2022, with a decrease of -4.1% 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). The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Fluorescent brightening agents consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fluorescent Brightening Agents Exports

Exports from South Africa

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were exported from South Africa; with an increase of 2.3% on the previous year. Over the period under review, exports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 186% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, fluorescent brightening agents exports soared to $X in 2022. Overall, exports saw a notable expansion. The pace of growth was the most pronounced in 2016 when exports increased by 83% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Zambia (X tons) was the main destination for fluorescent brightening agents exports from South Africa, accounting for a 66% share of total exports. Moreover, fluorescent brightening agents exports to Zambia exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. The third position in this ranking was held by Namibia (X tons), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zambia stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+2.3% per year) and Namibia (+36.4% per year).

In value terms, the largest markets for fluorescent brightening agents exported from South Africa were Zambia ($X), Zimbabwe ($X) and Italy ($X), with a combined 89% share of total exports. Namibia, the United States and Swaziland lagged somewhat behind, together accounting for a further 3.2%.

The United States, with a CAGR of +21.6%, saw 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, increasing by 15% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 113% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Namibia ($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 Swaziland (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into South Africa

In 2022, after two years of growth, there was significant decline in overseas purchases of synthetic organic products used as fluorescent brightening agents, when their volume decreased by -32.7% to X tons. Overall, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, fluorescent brightening agents imports expanded sharply to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 40%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Spain (X tons) were the main suppliers of fluorescent brightening agents imports to South Africa, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +8.0%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to South Africa, comprising 68% of total imports. The second position in the ranking was held by India ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.7% per year) and Spain (-18.4% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, growing by 69% against the previous year. In general, the import price saw a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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