United Kingdom: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in the UK

The UK fluorescent brightening agents market soared to $X in 2022, growing by 19% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 -19.1% against 2020 indices. Fluorescent brightening agents consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fluorescent Brightening Agents Production in the UK

In value terms, fluorescent brightening agents production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with a decrease of 99.9%. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Fluorescent Brightening Agents Exports

Exports from the UK

Fluorescent brightening agents exports from the UK reduced markedly to X tons in 2022, declining by -63.9% compared with the previous year. Overall, exports showed a sharp descent. The growth pace was the most rapid in 2013 with an increase of 48%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, fluorescent brightening agents exports contracted remarkably to $X in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 50%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for fluorescent brightening agents exports from the UK, accounting for a 38% share of total exports. Moreover, fluorescent brightening agents exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-23.4% per year) and France (-20.5% per year).

In value terms, Germany ($X) emerged as the key foreign market for synthetic organic products used as fluorescent brightening agents exports from the UK, comprising 37% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 7.7% share of total exports. It was followed by the United States, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (0.0% per year) and the United States (-17.5% per year).

Export Prices by Country

The average fluorescent brightening agents export price stood at $X per ton in 2022, jumping by 57% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fluorescent brightening agents export price decreased by -8.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 79%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Costa Rica ($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 Azerbaijan (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into the UK

Fluorescent brightening agents imports into the UK shrank modestly to X tons in 2022, reducing by -2.8% compared with 2021 figures. Overall, imports recorded a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of 15% against the previous year. 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 surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 28%. 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

In 2022, Spain (X tons) constituted the largest fluorescent brightening agents supplier to the UK, accounting for a 70% share of total imports. Moreover, fluorescent brightening agents imports from Spain exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), sevenfold. India (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+75.8% per year) and India (+20.8% per year).

In value terms, the largest fluorescent brightening agents suppliers to the UK were Spain ($X), India ($X) and Germany ($X), together comprising 52% of total imports. Belgium, Switzerland, Italy, China and Denmark lagged somewhat behind, together accounting for a further 33%.

Switzerland, with a CAGR of +61.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, jumping by 26% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2019 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average 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 Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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