Hungary: Talcum Powder Market 2024

Talcum Powder Market Size in Hungary

In 2021, after two years of growth, there was significant decline in the Hungarian talcum powder market, when its value decreased by -14.5% to $X. In general, consumption, however, saw strong growth. Talcum powder consumption peaked at $X in 2020, and then dropped in the following year.

Talcum Powder Production in Hungary

In value terms, talcum powder production contracted markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Talcum Powder Exports

Exports from Hungary

After two years of decline, overseas shipments of talcum powder and other powders for cosmetic use increased by 1.9% to X tons in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.9% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 84%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, talcum powder exports declined slightly to $X in 2021. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 133%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X tons), the Czech Republic (X tons) and Croatia (X tons) were the main destinations of talcum powder exports from Hungary, with a combined 48% share of total exports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +219.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Croatia ($X) and Slovenia ($X) appeared to be the largest markets for talcum powder exported from Hungary worldwide, together comprising 70% of total exports.

Austria, with a CAGR of +261.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average talcum powder export price amounted to $X per ton, which is down by -3.6% against the previous year. Overall, the export price, however, showed a perceptible expansion. The growth pace was the most rapid in 2017 an increase of 75%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Greece ($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 Slovenia (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Hungary

In 2021, after two years of growth, there was significant decline in overseas purchases of talcum powder and other powders for cosmetic use, when their volume decreased by -6.8% to X tons. Overall, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +47.1% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 55%. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped in the following year.

In value terms, talcum powder imports fell to $X in 2021. In general, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by 94% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and China (X tons) were the main suppliers of talcum powder imports to Hungary, with a combined 52% share of total imports. These countries were followed by Slovakia, India, Poland, Austria, the Czech Republic, the UK and Switzerland, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +175.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of talcum powder to Hungary, comprising 33% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 10% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+29.7% per year) and Poland (-5.6% per year).

Import Prices by Country

The average talcum powder import price stood at $X per ton in 2021, shrinking by -6.8% against the previous year. In general, the import price, however, recorded mild growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 73% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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