Turkey: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Turkey

In 2022, the Turkish fluorescent brightening agents market decreased by -21.6% to $X, falling for the third year in a row after three years of growth. Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 -31.5% against 2019 indices. Fluorescent brightening agents consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports from Turkey

In 2022, the amount of synthetic organic products used as fluorescent brightening agents exported from Turkey surged to X tons, picking up by 91% compared with 2021. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fluorescent brightening agents exports soared to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for fluorescent brightening agents exports from Turkey, with a 38% share of total exports. Moreover, fluorescent brightening agents exports to Egypt exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. The third position in this ranking was taken by Iran (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+12.7% per year) and Iran (+0.8% per year).

In value terms, Uzbekistan ($X), Egypt ($X) and Iran ($X) were the largest markets for fluorescent brightening agents exported from Turkey worldwide, with a combined 57% share of total exports. Russia, Turkmenistan, Bangladesh, South Africa, Morocco, Israel, Lebanon and France lagged somewhat behind, together accounting for a further 24%.

Lebanon, with a CAGR of +98.5%, recorded 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

The average fluorescent brightening agents export price stood at $X per ton in 2022, declining by -15.4% against the previous year. Overall, the export price showed a slight slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Lebanon ($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 Israel (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Turkey

In 2022, the amount of synthetic organic products used as fluorescent brightening agents imported into Turkey dropped to X tons, waning by -10.1% compared with the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports stood at $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and South Korea (X tons) were the main suppliers of fluorescent brightening agents imports to Turkey, with a combined 88% 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 +5.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest fluorescent brightening agents suppliers to Turkey were China ($X), India ($X) and South Korea ($X), together comprising 80% of total imports.

Among the main suppliers, India, with a CAGR of +5.8%, saw the highest growth rate of 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

In 2022, the average fluorescent brightening agents import price amounted to $X per ton, with an increase of 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :