Bulgaria: Talcum Powder Market 2024

Talcum Powder Market Size in Bulgaria

In 2021, the Bulgarian talcum powder market increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a mild descent. Talcum powder consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Talcum Powder Production in Bulgaria

In value terms, talcum powder production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a strong increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 580% against the previous year. Talcum powder production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Talcum Powder Exports

Exports from Bulgaria

In 2021, approx. X tons of talcum powder and other powders for cosmetic use were exported from Bulgaria; reducing by -62.7% on 2020. Over the period under review, exports faced a sharp reduction. The pace of growth was the most pronounced in 2015 with an increase of 178%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, talcum powder exports contracted to $X in 2021. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 65%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Romania (X kg) and Greece (X kg) were the main destinations of talcum powder exports from Bulgaria, with a combined 42% share of total exports. Serbia, Poland, Spain, Germany, the United Arab Emirates, Israel, North Macedonia, Kyrgyzstan and Egypt lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2021, the biggest increases were in Israel (with a CAGR of +43.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Greece ($X) appeared to be the largest markets for talcum powder exported from Bulgaria worldwide, together comprising 33% of total exports. Serbia, Spain, Germany, Turkey, Israel, North Macedonia, Egypt, the United Arab Emirates and Kyrgyzstan lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Israel, with a CAGR of +61.6%, saw 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

In 2021, the average talcum powder export price amounted to $X per ton, growing by 129% against the previous year. In general, the export price saw a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by 188% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Bulgaria

In 2021, purchases abroad of talcum powder and other powders for cosmetic use was finally on the rise to reach X tons for the first time since 2012, thus ending a eight-year declining trend. Overall, imports, however, faced a abrupt shrinkage. Imports peaked at X tons in 2012; however, from 2013 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, however, recorded a noticeable decrease. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Turkey (X tons) and the Czech Republic (X tons) were the main suppliers of talcum powder imports to Bulgaria, with a combined 38% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +144.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest talcum powder suppliers to Bulgaria were the Czech Republic ($X), Croatia ($X) and Germany ($X), with a combined 51% share of total imports.

The Czech Republic, with a CAGR of +140.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average talcum powder import price stood at $X per ton in 2021, increasing by 8.3% against the previous year. In general, the import price enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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