Indonesia: Talcum Powder Market 2024

Talcum Powder Market Size in Indonesia

In 2021, the Indonesian talcum powder market increased by 2.9% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, saw a perceptible reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Talcum Powder Production in Indonesia

In value terms, talcum powder production dropped slightly to $X in 2021 estimated in export price. Overall, production saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 20% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Talcum Powder Exports

Exports from Indonesia

In 2021, overseas shipments of talcum powder and other powders for cosmetic use decreased by -7.5% to X tons, falling for the third year in a row after four years of growth. In general, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.9% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 22%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, talcum powder exports rose sharply to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) were the main destinations of talcum powder exports from Indonesia, with a combined 38% share of total exports. These countries were followed by Malaysia, the United States, the UK, Singapore, Fiji, Ghana, Bangladesh, Australia, Thailand and Uzbekistan, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were in Uzbekistan (with a CAGR of +357.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for talcum powder exports from Indonesia, comprising 39% of total exports. The second position in the ranking was held by the Philippines ($X), with a 7.6% share of total exports. It was followed by the Netherlands, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-2.2% per year) and the Netherlands (+5.3% per year).

Export Prices by Country

In 2021, the average talcum powder export price amounted to $X per ton, increasing by 24% against the previous year. Overall, the export price, however, saw a mild downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Ghana ($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 Malaysia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Indonesia

For the third year in a row, Indonesia recorded decline in supplies from abroad of talcum powder and other powders for cosmetic use, which decreased by -3.3% to X tons in 2021. Overall, imports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2018 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, talcum powder imports soared to $X in 2021. In general, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 32%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Thailand (X tons), China (X tons) and Italy (X tons) were the main suppliers of talcum powder imports to Indonesia, with a combined 85% share of total imports. South Korea, Mexico, the United States, Japan, the UK, India, Malaysia and the Philippines lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +53.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of talcum powder to Indonesia, comprising 48% of total imports. The second position in the ranking was held by Thailand ($X), with a 9.9% share of total imports. It was followed by Italy, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-11.1% per year) and Italy (-10.1% per year).

Import Prices by Country

In 2021, the average talcum powder import price amounted to $X per ton, growing by 28% against the previous year. Over the period under review, the import price saw moderate growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 69%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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