Thailand: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Thailand

The Thai fluorescent brightening agents market contracted modestly to $X in 2022, shrinking by -3.3% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Fluorescent Brightening Agents Exports

Exports from Thailand

In 2022, after five years of decline, there was significant growth in shipments abroad of synthetic organic products used as fluorescent brightening agents, when their volume increased by 139% to X tons. Overall, exports, however, continue to indicate a pronounced shrinkage. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, fluorescent brightening agents exports skyrocketed to $X in 2022. In general, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 128%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons), Indonesia (X tons) and the Netherlands (X tons) were the main destinations of fluorescent brightening agents exports from Thailand, with a combined 78% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +89.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluorescent brightening agents exported from Thailand were Indonesia ($X), China ($X) and Colombia ($X), together comprising 59% of total exports. The Netherlands, Taiwan (Chinese), Myanmar, Vietnam, Bangladesh, Pakistan and Singapore lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +89.9%, 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, falling by -39.2% against the previous year. Overall, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2013 an increase of 83%. The export price peaked at $X per ton in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Myanmar ($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 Dominican Republic (+67.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Thailand

In 2022, the amount of synthetic organic products used as fluorescent brightening agents imported into Thailand contracted remarkably to X tons, dropping by -16.1% on 2021. Overall, imports showed a pronounced slump. The pace of growth was the most pronounced in 2019 with an increase of 25%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports rose modestly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 40%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Indonesia (X tons) and India (X tons) were the main suppliers of fluorescent brightening agents imports to Thailand, together accounting for 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +12.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Thailand, comprising 50% of total imports. The second position in the ranking was held by Indonesia ($X), with a 21% share of total imports. It was followed by India, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+15.8% per year) and India (-3.0% per year).

Import Prices by Country

The average fluorescent brightening agents import price stood at $X per ton in 2022, growing by 25% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 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 India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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