Fluorescent Brightening Agents Market Shows First Recovery Signs in a Decade
The global fluorescent light brightening agents market, after a decade of stagnation, showed signs of recovery in 2024. Despite exports reaching a peak of X tons in 2013, they failed to regain momentum until last year. Meanwhile, the market value reached $X in 2024 following a three-year decline.
From 2012 to 2024, the average export price of fluorescent light brightening agents increased at an average annual rate of X%. The most significant growth in production occurred in 2022, with a X% increase. However, consumption between 2021 and 2024 remained lower than the record high of $X in 2020.
In 2024, exports of fluorescent light brightening agents fell modestly to $X, with a mild shrinkage over the reviewed period. China and India led the growth in exports, with China maintaining dominance and India emerging as a rapidly growing exporter in the textile and detergent industries. Despite the modest decline, exports increased by X% to X tons in 2024, ending a two-year downward trend. The average export price stood at $X per ton, shrinking by X% compared to the previous year. After two years of decline, imports of fluorescent light brightening agents increased by X% to X tons in 2024.
In 2024, the production of fluorescent light brightening agents stood at $X in export price, with a relatively flat trend pattern. The market's recovery in 2024, after years of stagnation and decline, signals a potential resurgence in the industry. However, the impact of this recovery on future production, consumption, and export trends remains to be seen.
Read also:
- India's Agriculture Minister Reviews Sector Progress Amid Heavy Rains, Crop Areas Up
- Cyprus, Kuwait Strengthen Strategic Partnership with Upcoming Ministerial Meeting
- Inspired & Paddy Power Extend Virtual Sports Partnership for UK & Ireland Retail
- South West & South East England: Check & Object to Lorry Operator Licensing Now
