Mexico: Talcum Powder Market 2024

Talcum Powder Market Size in Mexico

In 2021, the Mexican talcum powder market decreased by -8.2% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Talcum Powder Exports

Exports from Mexico

In 2021, approx. X tons of talcum powder and other powders for cosmetic use were exported from Mexico; growing by 114% compared with 2020 figures. Over the period under review, exports saw a modest increase. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, talcum powder exports skyrocketed to $X in 2021. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 47%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for talcum powder exports from Mexico, accounting for a 85% share of total exports. Moreover, talcum powder exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. The third position in this ranking was held by Panama (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-5.8% per year) and Panama (-3.0% per year).

In value terms, the United States ($X) remains the key foreign market for talcum powder exports from Mexico, comprising 87% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 2.6% share of total exports. It was followed by Argentina, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-6.3% per year) and Argentina (-10.9% per year).

Export Prices by Country

The average talcum powder export price stood at $X per ton in 2021, falling by -35.5% against the previous year. Overall, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 63% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while the average price for exports to Panama ($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 Brazil (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Mexico

In 2021, approx. X tons of talcum powder and other powders for cosmetic use were imported into Mexico; with an increase of 7.5% against 2020 figures. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 27%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, talcum powder imports fell to $X in 2021. In general, imports, however, showed a noticeable descent. The pace of growth was the most pronounced in 2016 when imports increased by 9.5%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest talcum powder supplier to Mexico, accounting for a 58% share of total imports. Moreover, talcum powder imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.0% per year) and Thailand (-2.9% per year).

In value terms, the United States ($X) constituted the largest supplier of talcum powder to Mexico, comprising 35% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Colombia, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.4% per year) and Colombia (-5.9% per year).

Import Prices by Country

The average talcum powder import price stood at $X per ton in 2021, shrinking by -13.7% against the previous year. In general, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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