Hong Kong SAR, China: Talcum Powder Market 2024

Talcum Powder Market Size in Hong Kong SAR, China

The Hong Kong talcum powder market surged to $X in 2021, jumping by 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a strong increase. Talcum powder consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Talcum Powder Exports

Exports from Hong Kong SAR, China

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. Overall, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, talcum powder exports soared to $X in 2021. In general, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Macao SAR (X tons) and Japan (X tons) were the main destinations of talcum powder exports from Hong Kong SAR, together accounting for 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +22.9%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X), Macao SAR ($X) and Japan ($X) were the largest markets for talcum powder exported from Hong Kong SAR worldwide, with a combined 98% share of total exports.

Among the main countries of destination, China, with a CAGR of +31.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average talcum powder export price amounted to $X per ton, with an increase of 10% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.9% 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 +82.5% against 2012 indices. The pace of growth was the most pronounced in 2017 an increase of 14% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to South Korea ($X per ton) and the United States ($X per ton), while the average price for exports to Macao SAR ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Hong Kong SAR, China

In 2021, the amount of talcum powder and other powders for cosmetic use imported into Hong Kong SAR surged to X tons, growing by 60% on the previous year's figure. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 65% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

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

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of talcum powder to Hong Kong SAR, with a 72% share of total imports. Moreover, talcum powder imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold. Italy (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +80.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.3% per year) and Italy (+19.7% per year).

In value terms, South Korea ($X) constituted the largest supplier of talcum powder to Hong Kong SAR, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with an 8.1% share of total imports. It was followed by Italy, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea totaled +86.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.5% per year) and Italy (+23.7% per year).

Import Prices by Country

In 2021, the average talcum powder import price amounted to $X per ton, rising by 12% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, talcum powder import price decreased by -9.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 19%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Japan ($X per ton) and Thailand ($X per ton), while the price for Singapore ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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