Malaysia: Talcum Powder Market 2024

Talcum Powder Market Size in Malaysia

In 2021, the Malaysian talcum powder market increased by 12% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption showed a noticeable downturn. Talcum powder consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Talcum Powder Exports

Exports from Malaysia

In 2021, shipments abroad of talcum powder and other powders for cosmetic use was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, talcum powder exports skyrocketed to $X in 2021. In general, exports, however, saw a deep reduction. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for talcum powder exports from Malaysia, accounting for a 26% share of total exports. Moreover, talcum powder exports to the United Arab Emirates exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by Nigeria (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+4.2% per year) and Nigeria (-10.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for talcum powder exports from Malaysia, comprising 37% of total exports. The second position in the ranking was taken by Singapore ($X), with a 7% share of total exports. It was followed by India, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-9.4% per year) and India (+5.3% per year).

Export Prices by Country

In 2021, the average talcum powder export price amounted to $X per ton, growing by 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2015 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($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 the United Arab Emirates (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Malaysia

After three years of decline, overseas purchases of talcum powder and other powders for cosmetic use increased by 5.2% to X tons in 2021. Over the period under review, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 34% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, talcum powder imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 26%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest talcum powder supplier to Malaysia, with a 66% share of total imports. Moreover, talcum powder imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+0.9% per year) and the United States (+7.3% per year).

In value terms, the largest talcum powder suppliers to Malaysia were Indonesia ($X), Thailand ($X) and the United States ($X), together comprising 77% of total imports.

Among the main suppliers, Indonesia, with a CAGR of +7.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average talcum powder import price stood at $X per ton in 2021, growing by 18% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% 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 -21.9% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :