Asia-Pacific: Talcum Powder Market 2024

Talcum Powder Market Size in Asia-Pacific

In 2021, the Asia-Pacific talcum powder market increased by 13% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Talcum Powder Production in Asia-Pacific

In value terms, talcum powder production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Talcum Powder Exports

Exports in Asia-Pacific

Talcum powder exports surged to X tons in 2021, growing by 19% on the year before. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 23%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, talcum powder exports soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.3% against 2018 indices. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporter of talcum powder and other powders for cosmetic use in Asia-Pacific, with the volume of exports resulting at X tons, which was approx. 47% of total exports in 2021. China (X tons) took the second position in the ranking, distantly followed by India (X tons) and Indonesia (X tons). All these countries together took approx. 41% share of total exports. The following exporters - Hong Kong SAR (X tons), Japan (X tons) and South Korea (X tons) - together made up 7.4% of total exports.

Exports from Thailand increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, South Korea (+12.8%), Hong Kong SAR (+9.9%), Japan (+6.6%), China (+4.5%), India (+3.4%) and Indonesia (+2.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +12.8% from 2012-2021. While the share of Thailand (+2.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest talcum powder supplying countries in Asia-Pacific were China ($X), Japan ($X) and Hong Kong SAR ($X), together accounting for 67% of total exports.

Among the main exporting countries, Hong Kong SAR, with a CAGR of +17.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 19% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, talcum powder export price decreased by -26.8% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 38%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.9%), while the other leaders experienced more modest paces of growth.

Talcum Powder Imports

Imports in Asia-Pacific

In 2021, imports of talcum powder and other powders for cosmetic use in Asia-Pacific surged to X tons, with an increase of 30% compared with the year before. The total import volume increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, talcum powder imports skyrocketed to $X in 2021. In general, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Philippines (X tons), followed by Macao SAR (X tons), Hong Kong SAR (X tons), South Korea (X tons), Singapore (X tons), China (X tons), Malaysia (X tons) and Pakistan (X tons) represented the largest importers of talcum powder and other powders for cosmetic use, together making up 73% of total imports. Japan (X tons), India (X tons), Bangladesh (X tons), Lao People's Democratic Republic (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Macao SAR (with a CAGR of +62.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest talcum powder importing markets in Asia-Pacific were China ($X), Macao SAR ($X) and Hong Kong SAR ($X), with a combined 71% share of total imports.

In terms of the main importing countries, Macao SAR, with a CAGR of +50.3%, 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

The import price in Asia-Pacific stood at $X per ton in 2021, picking up by 17% against the previous year. Over the period under review, the import price posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when the import price increased by 29%. Over the period under review, import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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