Croatia: Talcum Powder Market 2024

Talcum Powder Market Size in Croatia

The Croatian talcum powder market rose significantly to $X in 2021, surging by 13% against the previous year. In general, consumption enjoyed a slight increase. Talcum powder consumption peaked in 2021 and is expected to retain growth in the immediate term.

Talcum Powder Production in Croatia

In value terms, talcum powder production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 826% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to see gradual growth in the near future.

Talcum Powder Exports

Exports from Croatia

In 2021, after two years of decline, there was significant growth in shipments abroad of talcum powder and other powders for cosmetic use, when their volume increased by 14% to X tons. In general, exports showed a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 235% against the previous year. The exports peaked 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. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 161%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons), Slovenia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of talcum powder exports from Croatia, with a combined 62% share of total exports. Romania, Hungary, North Macedonia, Bulgaria, Montenegro and Albania lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +98.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for talcum powder exported from Croatia worldwide, with a combined 55% share of total exports. These countries were followed by Hungary, Romania, Bulgaria, North Macedonia, Montenegro and Albania, which together accounted for a further 35%.

Hungary, with a CAGR of +122.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average talcum powder export price stood at $X per ton in 2021, increasing by 2.1% against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Hungary ($X per ton), while the average price for exports to Montenegro ($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 Slovenia (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Croatia

In 2021, supplies from abroad of talcum powder and other powders for cosmetic use increased by 7.5% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 40%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, talcum powder imports soared to $X in 2021. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 56%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of talcum powder to Croatia, with a 44% share of total imports. Moreover, talcum powder imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. North Macedonia (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+35.4% per year) and North Macedonia (+6.7% per year).

In value terms, the largest talcum powder suppliers to Croatia were Germany ($X), Hungary ($X) and France ($X), with a combined 72% share of total imports. The Netherlands, Slovenia, the Czech Republic, Italy, the United States and North Macedonia lagged somewhat behind, together accounting for a further 24%.

Among the main suppliers, the Netherlands, with a CAGR of +179.8%, saw 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

The average talcum powder import price stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.1% 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 import price increased by +69.8% against 2012 indices. The growth pace was the most rapid in 2017 when the average import price increased by 22%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovenia ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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