GCC: Talcum Powder Market 2024

Talcum Powder Exports

Exports in GCC

In 2021, overseas shipments of talcum powder and other powders for cosmetic use increased by 35% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% 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 -16.0% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 75% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, talcum powder exports surged to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 54%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United Arab Emirates was the main exporter of talcum powder and other powders for cosmetic use in GCC, with the volume of exports recording X tons, which was near 74% of total exports in 2021. Saudi Arabia (X tons) ranks second in terms of the total exports with a 13% share, followed by Kuwait (8.2%). Oman (X tons) took a little share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of talcum powder and other powders for cosmetic use. At the same time, Oman (+61.8%), Kuwait (+22.9%) and Saudi Arabia (+21.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +61.8% from 2012-2021. Saudi Arabia (+10 p.p.), Kuwait (+6.5 p.p.) and Oman (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -21% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest talcum powder supplier in GCC, comprising 65% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 22% share of total exports. It was followed by Kuwait, with a 7.3% share.

In the United Arab Emirates, talcum powder exports expanded at an average annual rate of +4.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+35.6% per year) and Kuwait (+14.4% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, almost unchanged from the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% 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 increased by +21.1% against 2016 indices. The growth pace was the most rapid in 2020 an increase of 21% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably country of origin: the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.3%), while the other leaders experienced more modest paces of growth.

Talcum Powder Imports

Imports in GCC

In 2021, after two years of decline, there was significant growth in supplies from abroad of talcum powder and other powders for cosmetic use, when their volume increased by 19% to X tons. In general, imports, however, continue to indicate a pronounced contraction. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, talcum powder imports contracted to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 29%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) represented the major importer of talcum powder and other powders for cosmetic use, achieving 53% of total imports. Saudi Arabia (X tons) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Oman (7.4%) and Kuwait (6.6%). Qatar (X tons) and Bahrain (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were in Oman (with a CAGR of +4.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2021, with a combined 85% share of total imports. These countries were followed by Oman, Qatar and Bahrain, which together accounted for a further 15%.

Oman, with a CAGR of +5.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 GCC amounted to $X per ton, which is down by -24.5% against the previous year. Import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the import price increased by 32% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2020, and then fell remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+12.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform