GCC: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in GCC

The GCC fluorescent brightening agents market reached $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fluorescent Brightening Agents Production in GCC

In value terms, fluorescent brightening agents production stood at $X in 2022 estimated in export price. Overall, production recorded temperate growth. The most prominent rate of growth was recorded in 2019 with an increase of X,250%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Fluorescent Brightening Agents Exports

Exports in GCC

For the third consecutive year, GCC recorded decline in overseas shipments of synthetic organic products used as fluorescent brightening agents, which decreased by X% to X tons in 2022. Overall, exports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fluorescent brightening agents exports dropped markedly to $X in 2022. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the largest exporter of synthetic organic products used as fluorescent brightening agents in GCC, achieving X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the synthetic organic products used as fluorescent brightening agents exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest fluorescent brightening agents supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a abrupt downturn. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped remarkably in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Fluorescent Brightening Agents Imports

Imports in GCC

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were imported in GCC; with a decrease of X% compared with the year before. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, fluorescent brightening agents imports rose significantly to $X in 2022. Overall, imports, however, showed a notable increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the largest importer of synthetic organic products used as fluorescent brightening agents, constituting X% of total imports. It was distantly followed by Saudi Arabia (X tons), committing a X% share of total imports. Bahrain (X tons) held a minor share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the synthetic organic products used as fluorescent brightening agents imports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) and Saudi Arabia (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Bahrain ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform