India: Talcum Powder Market 2024

Talcum Powder Market Size in India

The Indian talcum powder market contracted rapidly to $X in 2021, which is down by -19.7% against the previous year. In general, consumption continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 3%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Talcum Powder Production in India

In value terms, talcum powder production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 8.8% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Talcum Powder Exports

Exports from India

In 2021, after two years of decline, there was significant growth in shipments abroad of talcum powder and other powders for cosmetic use, when their volume increased by 66% to X tons. Overall, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 -13.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 73%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Congo (X tons) and the United Arab Emirates (X tons) were the main destinations of talcum powder exports from India, together accounting for 47% of total exports.

From 2012 to 2021, the biggest increases were in Congo (with a CAGR of +158.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Nepal ($X) and the United Arab Emirates ($X) appeared to be the largest markets for talcum powder exported from India worldwide, with a combined 49% share of total exports. Bangladesh, Singapore, Saudi Arabia, Yemen, Congo, Panama, Haiti, Iraq, Democratic Republic of the Congo and Peru lagged somewhat behind, together accounting for a further 28%.

Congo, with a CAGR of +115.3%, saw the highest rates of growth with regard to the value of exports, among 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, shrinking by -9.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Congo ($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 Singapore (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into India

In 2021, approx. X tons of talcum powder and other powders for cosmetic use were imported into India; picking up by 42% compared with the year before. Over the period under review, imports continue to indicate a tangible increase. The growth pace was the most rapid in 2019 when imports increased by 70% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, talcum powder imports soared to $X in 2021. Overall, imports showed buoyant growth. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest talcum powder supplier to India, accounting for a 43% share of total imports. Moreover, talcum powder imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+24.5% per year) and the United Arab Emirates (+27.2% per year).

In value terms, China ($X), the United States ($X) and the United Arab Emirates ($X) were the largest talcum powder suppliers to India, together accounting for 50% of total imports. These countries were followed by Hong Kong SAR, Malaysia, Germany, the UK, Italy, France and Thailand, which together accounted for a further 29%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +88.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average talcum powder import price stood at $X per ton in 2021, surging by 25% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +10.2% 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 import price increased by +42.7% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 51%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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