Nigeria: Talcum Powder Market 2024

Talcum Powder Market Size in Nigeria

The Nigerien talcum powder market surged to $X in 2021, jumping by 22% against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.2% against 2019 indices. Talcum powder consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Talcum Powder Production in Nigeria

In value terms, talcum powder production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 777%. Talcum powder production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Talcum Powder Exports

Exports from Nigeria

Talcum powder exports from Nigeria declined remarkably to X tons in 2021, shrinking by -18.5% against the previous year's figure. Over the period under review, exports showed a precipitous contraction. The growth pace was the most rapid in 2016 with an increase of 44%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, talcum powder exports contracted markedly to $X in 2021. Overall, exports faced a significant decline. The most prominent rate of growth was recorded in 2016 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for talcum powder exports from Nigeria, with a 45% share of total exports. Moreover, talcum powder exports to China exceeded the volume sent to the second major destination, Ghana (X tons), fourfold. The third position in this ranking was taken by Tanzania (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-17.4% per year) and Tanzania (-21.3% per year).

In value terms, China ($X) remains the key foreign market for talcum powder exports from Nigeria, comprising 61% of total exports. The second position in the ranking was held by Tanzania ($X), with a 13% share of total exports. It was followed by Congo, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-24.0% per year) and Congo (-49.1% per year).

Export Prices by Country

In 2021, the average talcum powder export price amounted to $X per ton, waning by -3.7% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Congo ($X per ton), while the average price for exports to Burkina Faso ($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 Congo (-2.1%), while the prices for the other major destinations experienced a decline.

Talcum Powder Imports

Imports into Nigeria

Talcum powder imports into Nigeria fell significantly to X tons in 2021, dropping by -36.7% against 2020 figures. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 176%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, talcum powder imports dropped to $X in 2021. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 163%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Cote d'Ivoire (X tons) constituted the largest talcum powder supplier to Nigeria, accounting for a 50% share of total imports. Moreover, talcum powder imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by China (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Cote d'Ivoire stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-7.7% per year) and China (-28.0% per year).

In value terms, the largest talcum powder suppliers to Nigeria were Cote d'Ivoire ($X), Malaysia ($X) and China ($X), with a combined 68% share of total imports. Ghana, India and South Africa lagged somewhat behind, together comprising a further 7%.

Ghana, with a CAGR of -2.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average talcum powder import price amounted to $X per ton, rising by 42% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 79%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while the price for China ($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 (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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