Ghana: Talcum Powder Market 2024

Talcum Powder Market Size in Ghana

After two years of growth, the Ghanian talcum powder market decreased by -53.7% to $X in 2021. Over the period under review, consumption faced a abrupt shrinkage. Talcum powder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Talcum Powder Production in Ghana

In value terms, talcum powder production contracted modestly to $X in 2021 estimated in export price. In general, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 57%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Talcum Powder Exports

Exports from Ghana

After three years of decline, shipments abroad of talcum powder and other powders for cosmetic use increased by 106% to X tons in 2021. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2015 when exports increased by 234%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, talcum powder exports soared to $X in 2021. Overall, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 186% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X tons) was the main destination for talcum powder exports from Ghana, accounting for a 44% share of total exports. Moreover, talcum powder exports to Nigeria exceeded the volume sent to the second major destination, Burkina Faso (X kg), twofold. Gambia (X kg) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria amounted to +37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-3.5% per year) and Gambia (+25.3% per year).

In value terms, Nigeria ($X) remains the key foreign market for talcum powder exports from Ghana, comprising 65% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 9.1% share of total exports. It was followed by Gambia, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (-12.8% per year) and Gambia (+18.5% per year).

Export Prices by Country

The average talcum powder export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Belgium ($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 Togo (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Ghana

In 2021, the amount of talcum powder and other powders for cosmetic use imported into Ghana reduced dramatically to X tons, which is down by -66.7% against 2020 figures. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 477%. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, talcum powder imports dropped remarkably to $X in 2021. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 208%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2021, Cote d'Ivoire (X tons) constituted the largest supplier of talcum powder to Ghana, accounting for a 90% share of total imports. Moreover, talcum powder imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Cote d'Ivoire totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-8.0% per year) and China (-18.5% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of talcum powder to Ghana, comprising 76% of total imports. The second position in the ranking was taken by Thailand ($X), with a 5.6% share of total imports. It was followed by Indonesia, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from Cote d'Ivoire totaled +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-15.0% per year) and Indonesia (-23.7% per year).

Import Prices by Country

In 2021, the average talcum powder import price amounted to $X per ton, which is down by -20.2% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 44%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per ton), while the price for Cote d'Ivoire ($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 (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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