Peru: Talcum Powder Market 2024

Talcum Powder Market Size in Peru

In 2021, the Peruvian talcum powder market decreased by -1.8% to $X, falling for the second year in a row after six years of growth. Over the period under review, consumption showed buoyant growth. Talcum powder consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Talcum Powder Exports

Exports from Peru

In 2021, overseas shipments of talcum powder and other powders for cosmetic use decreased by -7.4% to X tons, falling for the eighth consecutive year after two years of growth. Overall, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 30% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, talcum powder exports contracted modestly to $X in 2021. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 0.2%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for talcum powder exports from Peru, with a 46% share of total exports. Moreover, talcum powder exports to Ecuador exceeded the volume sent to the second major destination, Chile (X tons), twofold. Colombia (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador amounted to -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-20.2% per year) and Colombia (-25.8% per year).

In value terms, Ecuador ($X), Colombia ($X) and Chile ($X) were the largest markets for talcum powder exported from Peru worldwide, together comprising 77% of total exports. Bolivia, Mexico and Venezuela lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, Mexico, with a CAGR of +1.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average talcum powder export price amounted to $X per ton, rising by 7.9% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% 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 export price decreased by -16.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to Venezuela ($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 Mexico (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Peru

In 2021, overseas purchases of talcum powder and other powders for cosmetic use were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, talcum powder imports contracted to $X in 2021. Over the period under review, imports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2013 with an increase of 9.4%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Colombia (X tons) constituted the largest supplier of talcum powder to Peru, with a 52% share of total imports. Moreover, talcum powder imports from Colombia exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. China (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Colombia totaled -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.0% per year) and China (+25.6% per year).

In value terms, Colombia ($X) constituted the largest supplier of talcum powder to Peru, comprising 50% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by India, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.6% per year) and India (+15.5% per year).

Import Prices by Country

The average talcum powder import price stood at $X per ton in 2021, with a decrease of -20.9% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for India ($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 United States (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :