Norway: Talcum Powder Market 2024

Talcum Powder Market Size in Norway

In 2021, the Norwegian talcum powder market increased by 65% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +95.3% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Talcum Powder Exports

Exports from Norway

In 2021, approx. X tons of talcum powder and other powders for cosmetic use were exported from Norway; reducing by -21.4% on 2020. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 279%. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped significantly in the following year.

In value terms, talcum powder exports surged to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 311%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for talcum powder exports from Norway, accounting for a 80% share of total exports. Moreover, talcum powder exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was taken by Iceland (X kg), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden amounted to +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.2% per year) and Iceland (+26.5% per year).

In value terms, Sweden ($X) remains the key foreign market for talcum powder exports from Norway, comprising 91% of total exports. The second position in the ranking was held by Germany ($X), with a 7.7% share of total exports. It was followed by Iceland, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to Sweden stood at +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.4% per year) and Iceland (+14.7% per year).

Export Prices by Country

In 2021, the average talcum powder export price amounted to $X per ton, increasing by 49% against the previous year. In general, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of 90%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark ($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 States (+57.8%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Norway

In 2021, supplies from abroad of talcum powder and other powders for cosmetic use increased by 28% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, talcum powder imports surged to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +106.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Italy (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of talcum powder imports to Norway, with a combined 49% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +130.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Italy ($X) and France ($X) constituted the largest talcum powder suppliers to Norway, together comprising 62% of total imports. These countries were followed by Sweden, Germany, Taiwan (Chinese), the UK, China, Thailand, the Netherlands and Denmark, which together accounted for a further 25%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +126.0%, 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 more modest paces of growth.

Import Prices by Country

The average talcum powder import price stood at $X per ton in 2021, with an increase of 31% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, talcum powder import price increased by +69.3% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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