Spain: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Spain

In 2022, the Spanish fluorescent brightening agents market decreased by -66% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a abrupt curtailment. Fluorescent brightening agents consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Fluorescent Brightening Agents Production in Spain

In value terms, fluorescent brightening agents production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 34% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fluorescent Brightening Agents Exports

Exports from Spain

Fluorescent brightening agents exports from Spain declined slightly to X tons in 2022, reducing by -2.3% compared with the year before. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 30%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents exports soared to $X in 2022. In general, exports, however, showed a notable expansion. The pace of growth was the most pronounced in 2019 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for fluorescent brightening agents exports from Spain, with a 38% share of total exports. Moreover, fluorescent brightening agents exports to Portugal exceeded the volume sent to the second major destination, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.4% per year) and Italy (+7.5% per year).

In value terms, Portugal ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for fluorescent brightening agents exported from Spain worldwide, with a combined 56% share of total exports. France, the UK, Sweden, Austria and Finland lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, Sweden, with a CAGR of +35.8%, recorded the highest growth rate of 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, surging by 33% against the previous year. Over the period under review, export price indicated notable growth 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. The most prominent rate of growth was recorded in 2019 when the average export price increased by 41%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Portugal ($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 UK (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Spain

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were imported into Spain; reducing by -10.4% on the year before. Overall, imports, however, recorded measured growth. The pace of growth was the most pronounced in 2013 when imports increased by 46%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, fluorescent brightening agents imports reduced to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 -7.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and India (X tons) were the main suppliers of fluorescent brightening agents imports to Spain, with a combined 61% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +55.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Germany ($X) constituted the largest fluorescent brightening agents suppliers to Spain, with a combined 61% share of total imports.

In terms of the main suppliers, India, with a CAGR of +58.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, increasing by 7.5% against the previous year. Over the period under review, the import price recorded a pronounced expansion. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Portugal ($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 (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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