ECOWAS: Talcum Powder Market 2024

Talcum Powder Market Size in ECOWAS

The ECOWAS talcum powder market reached $X in 2021, increasing by 15% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Talcum Powder Production in ECOWAS

In value terms, talcum powder production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted buoyant growth. The growth pace was the most rapid in 2014 with an increase of 52%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Talcum Powder Exports

Exports in ECOWAS

Talcum powder exports declined remarkably to X tons in 2021, dropping by -28.5% on the year before. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 39%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, talcum powder exports shrank markedly to $X in 2021. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 28%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire dominates exports structure, resulting at X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Nigeria (X tons), committing a 6.5% share of total exports. Senegal (X tons) and Ghana (X tons) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the talcum powder and other powders for cosmetic use exports, with a CAGR of +2.7% from 2012 to 2021. Ghana (-10.9%), Senegal (-11.2%) and Nigeria (-25.2%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (+49 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Senegal (-2.2 p.p.) and Nigeria (-43.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest talcum powder supplier in ECOWAS, comprising 88% of total exports. The second position in the ranking was held by Nigeria ($X), with a 4.7% share of total exports. It was followed by Senegal, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value in Cote d'Ivoire stood at +2.8%. In the other countries, the average annual rates were as follows: Nigeria (-29.2% per year) and Senegal (-9.6% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, with an increase of 15% against the previous year. In general, the export price, however, showed a slight slump. The growth pace was the most rapid in 2019 an increase of 16%. The level of export peaked at $X per ton in 2013; however, from 2014 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 Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Talcum Powder Imports

Imports in ECOWAS

In 2021, approx. X tons of talcum powder and other powders for cosmetic use were imported in ECOWAS; with a decrease of -20.3% compared with the previous year. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 80%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, talcum powder imports fell remarkably to $X in 2021. In general, imports faced a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 68%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Burkina Faso was the main importing country with an import of about X tons, which reached 45% of total imports. Nigeria (X tons) held the second position in the ranking, distantly followed by Ghana (X tons) and Benin (X tons). All these countries together held approx. 45% share of total imports. The following importers - Liberia (X tons), Mali (X tons) and Senegal (X tons) - each reached a 5.9% share of total imports.

From 2012 to 2021, the biggest increases were in Burkina Faso (with a CAGR of +35.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported talcum powder and other powders for cosmetic use in ECOWAS, comprising 43% of total imports. The second position in the ranking was held by Ghana ($X), with a 19% share of total imports. It was followed by Senegal, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled -14.6%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-5.1% per year) and Senegal (+14.6% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, falling by -29.8% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by 65% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform