Asia: Talcum Powder Market 2024

Talcum Powder Market Size in Asia

For the fourth consecutive year, the Asian talcum powder market recorded growth in sales value, which increased by 11% to $X in 2021. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Talcum Powder Production in Asia

In value terms, talcum powder production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded 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 lower figure.

Talcum Powder Exports

Exports in Asia

In 2021, the amount of talcum powder and other powders for cosmetic use exported in Asia surged to X tons, jumping by 20% against the previous year. 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 was the most pronounced in 2017 when exports increased by 23% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, talcum powder exports skyrocketed to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 -4.7% against 2018 indices. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand was the largest exporter of talcum powder and other powders for cosmetic use in Asia, with the volume of exports accounting for X tons, which was approx. 46% of total exports in 2021. China (X tons) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by India (14%). The following exporters - Indonesia (X tons), Hong Kong SAR (X tons), Japan (X tons) and South Korea (X tons) - together made up 12% of total exports.

From 2012 to 2021, average annual rates of growth with regard to talcum powder exports from Thailand stood at +4.6%. 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, with a CAGR of +12.8% from 2012-2021. Thailand (+2.9 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 largest talcum powder supplying countries in Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), with a combined 65% share of total exports.

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

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, picking up by 16% against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, talcum powder export price decreased by -26.6% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat 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

In 2021, after two years of decline, there was significant growth in purchases abroad of talcum powder and other powders for cosmetic use, when their volume increased by 25% to X tons. Total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.8% against 2018 indices. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, talcum powder imports skyrocketed to $X in 2021. Over the period under review, imports saw resilient 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), the United Arab Emirates (X tons), Hong Kong SAR (X tons) and South Korea (X tons) represented the main importers of talcum powder and other powders for cosmetic use, together generating 45% of total imports. Saudi Arabia (X tons), Singapore (X tons), China (X tons), Malaysia (X tons), Pakistan (X tons), Iraq (X tons), Kazakhstan (X tons) and Japan (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Macao SAR (with a CAGR of +62.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest talcum powder importing markets in Asia were China ($X), Macao SAR ($X) and Hong Kong SAR ($X), with a combined 66% share of total imports.

In terms of the main importing countries, Macao SAR, with a CAGR of +50.3%, recorded 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 2021, the import price in Asia amounted to $X per ton, picking up by 16% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +7.2% 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 import price increased by +70.7% against 2014 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 16% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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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