India: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in India

The Indian fluorescent brightening agents market skyrocketed to $X in 2022, surging by X% against the previous year. In general, consumption recorded resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Fluorescent Brightening Agents Production in India

In value terms, fluorescent brightening agents production fell 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 most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Fluorescent Brightening Agents Exports

Exports from India

In 2022, approx. X tons of synthetic organic products used as fluorescent brightening agents were exported from India; which is down by X% against the year before. Over the period under review, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, fluorescent brightening agents exports expanded remarkably to $X in 2022. In general, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X tons), South Africa (X tons) and the United States (X tons) were the main destinations of fluorescent brightening agents exports from India, with a combined X% share of total exports. Australia, Germany, the United Arab Emirates, Japan, Turkey, Russia, Egypt, Mexico, Indonesia and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fluorescent brightening agents exported from India were the United States ($X), Bangladesh ($X) and Turkey ($X), with a combined X% share of total exports. Germany, Indonesia, South Africa, the Philippines, Mexico, Egypt, Australia, the United Arab Emirates, Japan and Russia lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached 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 United States ($X per ton), while the average price for exports to Russia ($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 United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into India

For the fourth year in a row, India recorded decline in supplies from abroad of synthetic organic products used as fluorescent brightening agents, which decreased by X% to X tons in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fluorescent brightening agents imports fell remarkably to $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest fluorescent brightening agents supplier to India, with a X% share of total imports. Moreover, fluorescent brightening agents imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, China ($X), Belgium ($X) and the Netherlands ($X) were the largest fluorescent brightening agents suppliers to India, with a combined X% share of total imports. Singapore, Italy, Hong Kong SAR, Switzerland and Thailand lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Hong Kong SAR, with a CAGR of X%, saw the highest rates of growth with regard to 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, falling by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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

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

Source: IndexBox Platform