Asia-Pacific: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Asia-Pacific

In 2022, after three years of decline, there was significant growth in the Asia-Pacific fluorescent brightening agents market, when its value increased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Fluorescent Brightening Agents Production in Asia-Pacific

In value terms, fluorescent brightening agents production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Fluorescent Brightening Agents Exports

Exports in Asia-Pacific

In 2022, fluorescent brightening agents exports in Asia-Pacific reduced to X tons, with a decrease of X% against the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fluorescent brightening agents exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of around X tons, which recorded X% of total exports. India (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons) and Taiwan (Chinese) (X tons). All these countries together held approx. X% share of total exports. Singapore (X tons) and South Korea (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fluorescent brightening agents exports from China stood at X%. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, India (X%), South Korea (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. China (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea, India and Taiwan (Chinese) saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fluorescent brightening agents supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports in Asia-Pacific

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were imported in Asia-Pacific; shrinking by X% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports amounted to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X tons) and Japan (X tons) represented the major importers of synthetic organic products used as fluorescent brightening agents in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by Bangladesh (X tons), Thailand (X tons), South Korea (X tons), Singapore (X tons) and Vietnam (X tons), together achieving a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fluorescent brightening agents importing markets in Asia-Pacific were Indonesia ($X), Vietnam ($X) and Japan ($X), together comprising X% of total imports. Bangladesh, Thailand, South Korea and Singapore lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bangladesh, with a CAGR of X%, 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 import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform