Eastern Asia: Talcum Powder Market 2024

Talcum Powder Market Size in Eastern Asia

In 2021, the East Asian talcum powder market increased by 16% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations 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 Eastern Asia

In value terms, talcum powder production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Talcum Powder Exports

Exports in Eastern Asia

In 2021, overseas shipments of talcum powder and other powders for cosmetic use were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% 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 -24.1% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 53% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, talcum powder exports surged to $X in 2021. In general, exports recorded a prominent increase. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 71% of total exports in 2021. Hong Kong SAR (X tons) took an 8.7% share (based on physical terms) of total exports, which put it in second place, followed by Japan (8.1%), South Korea (7.1%) and Taiwan (Chinese) (4.8%).

Exports from China increased at an average annual rate of +4.5% from 2012 to 2021. At the same time, South Korea (+12.8%), Hong Kong SAR (+9.9%) and Japan (+6.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +12.8% from 2012-2021. By contrast, Taiwan (Chinese) (-3.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea and Hong Kong SAR increased by +3.4 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of exports in 2021, with a combined 88% share of total exports.

Hong Kong SAR, with a CAGR of +17.5%, saw the highest growth rate of 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

The export price in Eastern Asia stood at $X per ton in 2021, rising by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Talcum powder imports skyrocketed to X tons in 2021, with an increase of 76% compared with the previous year. Over the period under review, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, talcum powder imports soared to $X in 2021. Overall, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Macao SAR (X tons), Hong Kong SAR (X tons), South Korea (X tons) and China (X tons) represented roughly 88% of total imports in 2021. It was distantly followed by Japan (X tons), making up an 8.5% share of total imports. Taiwan (Chinese) (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 leading 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 Eastern Asia were China ($X), Macao SAR ($X) and Hong Kong SAR ($X), together accounting for 88% of total imports.

Among the main importing countries, Macao SAR, with a CAGR of +50.3%, 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 import price in Eastern Asia stood at $X per ton in 2021, falling by -3.7% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2016 when the import price increased by 34%. The level of import peaked at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while South Korea ($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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