Latin America and the Caribbean: Talcum Powder Market 2024

Talcum Powder Market Size in Latin America and the Caribbean

The Latin American talcum powder market declined slightly to $X in 2021, falling by -2.9% against the previous year. Overall, consumption saw a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Talcum Powder Production in Latin America and the Caribbean

In value terms, talcum powder production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 when the production volume increased by 412%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Talcum Powder Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of talcum powder and other powders for cosmetic use increased by 2.2% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2013 when exports increased by 8%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, talcum powder exports fell to $X in 2021. Overall, exports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of 17% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Colombia was the largest exporter of talcum powder and other powders for cosmetic use in Latin America and the Caribbean, with the volume of exports recording X tons, which was near 52% of total exports in 2021. It was distantly followed by Mexico (X tons), Brazil (X tons) and Guatemala (X tons), together creating a 37% share of total exports. The following exporters - Jamaica (X tons), Peru (X tons) and Argentina (X tons) - together made up 7.6% of total exports.

From 2012 to 2021, average annual rates of growth with regard to talcum powder exports from Colombia stood at -3.9%. At the same time, Brazil (+10.1%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +10.1% from 2012-2021. Mexico experienced a relatively flat trend pattern. By contrast, Jamaica (-2.0%), Guatemala (-5.5%), Peru (-21.0%) and Argentina (-22.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, Mexico and Colombia increased by +9.2, +7.6 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest talcum powder supplying countries in Latin America and the Caribbean were Colombia ($X), Mexico ($X) and Brazil ($X), with a combined 89% share of total exports.

Among the main exporting countries, Mexico, with a CAGR of +6.7%, saw 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 trends in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, declining by -7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 18%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.7%), while the other leaders experienced more modest paces of growth.

Talcum Powder Imports

Imports in Latin America and the Caribbean

Talcum powder imports reached X tons in 2021, leveling off at the previous year. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, talcum powder imports declined to $X in 2021. In general, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 7.2%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Mexico was the key importing country with an import of around X tons, which amounted to 43% of total imports. Peru (X tons) ranks second in terms of the total imports with an 8.4% share, followed by Chile (6.3%) and Brazil (5%). The following importers - Colombia (X tons), Argentina (X tons), Ecuador (X tons), Guatemala (X tons), El Salvador (X tons), Costa Rica (X tons), Bolivia (X tons), Panama (X tons) and Venezuela (X tons) - together made up 25% of total imports.

Imports into Mexico increased at an average annual rate of +3.5% from 2012 to 2021. At the same time, Argentina (+16.3%), Chile (+4.0%) and Peru (+2.6%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +16.3% from 2012-2021. By contrast, Colombia (-2.0%), Ecuador (-3.1%), El Salvador (-3.1%), Guatemala (-3.7%), Costa Rica (-3.9%), Brazil (-4.3%), Bolivia (-4.9%), Panama (-8.8%) and Venezuela (-16.8%) illustrated a downward trend over the same period. Mexico (+14 p.p.), Argentina (+2.7 p.p.), Peru (+2.2 p.p.) and Chile (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Brazil, Panama and Venezuela saw its share reduced by -1.8%, -2.3% and -6.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported talcum powder and other powders for cosmetic use in Latin America and the Caribbean, comprising 31% of total imports. The second position in the ranking was held by Chile ($X), with a 9.7% share of total imports. It was followed by Brazil, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico totaled -4.1%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+0.4% per year) and Brazil (-9.5% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, dropping by -7.2% against the previous year. Over the period under review, the import price saw a pronounced descent. The growth pace was the most rapid in 2019 when the import price increased by 3.1% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+1.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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