U.S.: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in the U.S.

In 2022, the U.S. fluorescent brightening agents market increased by 231% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, saw a abrupt slump. Fluorescent brightening agents consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports from the U.S.

In 2022, shipments abroad of synthetic organic products used as fluorescent brightening agents increased by 6.7% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fluorescent brightening agents exports soared to $X in 2022. Overall, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +36.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for fluorescent brightening agents exports from the United States, with a 73% share of total exports. Moreover, fluorescent brightening agents exports to Canada exceeded the volume sent to the second major destination, Honduras (X tons), tenfold. The third position in this ranking was taken by China (X tons), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+5.1% per year) and China (+15.6% per year).

In value terms, Canada ($X) remains the key foreign market for synthetic organic products used as fluorescent brightening agents exports from the United States, comprising 50% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.1% share of total exports. It was followed by China, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.0% per year) and China (+9.4% per year).

Export Prices by Country

The average fluorescent brightening agents export price stood at $X per ton in 2022, picking up by 37% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. As a result, the export price attained the peak level and is likely to continue 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 the UK ($X per ton), while the average price for exports to Colombia ($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 (+23.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into the U.S.

In 2022, purchases abroad of synthetic organic products used as fluorescent brightening agents increased by 10% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports soared to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 23%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Switzerland (X tons) and India (X tons) were the main suppliers of fluorescent brightening agents imports to the United States, together comprising 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +5.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X), Taiwan (Chinese) ($X) and India ($X) appeared to be the largest fluorescent brightening agents suppliers to the United States, with a combined 80% share of total imports.

Among the main suppliers, India, with a CAGR of +12.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average fluorescent brightening agents import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 an increase of 24%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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