We investigate photon transport in magnetically tunable fluids, specifically magnetic nanofluids and magnetorheological fluids (MRFs). Our study focuses on the statistical analysis of light transport in these fluids, with a particular focus on earlier theoretical proposals related to the possibility of Anderson localization in these systems. We employ a well-known mesoscopic quantifier, the generalized conductance, to assess the domain of light transport in these systems. Magnetic nanofluids, which contain nanometer-sized magnetite particles, exhibit weak scattering with no substantial consequence on conductance, regardless of the applied magnetic field. In contrast, magnetorheological fluids, a bidispersion of micrometer-sized magnetizable spheres in a magnetic nanofluid, show a decrease in conductance to values below unity as the magnetic field strength increases. This decrease occurs at the magnetic-field-induced photonic bandgap in MRFs, which plays a crucial role in the localization process and is characterized by reduced transmitted intensity, altered speckle patterns, and significant changes in intensity statistics. Our findings also highlight the temporal evolution of field-induced speckles, where the initial high correlation decreases over time, and the correlation width widens indicating that the duration of sustained correlation enhances as the system reaches equilibrium. Consequently, the evolution of field-induced scatterers in MRFs significantly emulates light localization effects as the system attains equilibrium. This study concludes that our system is a prime candidate to observe possible strong localization in a magnetically tunable, dissipative complex system. Such systems hold potential applications in optical switching, adaptive optics, and smart materials design through controlled light manipulation using external magnetic fields.
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