Philippines: Talcum Powder Market 2024

Talcum Powder Market Size in the Philippines

The Philippine talcum powder market totaled $X in 2021, increasing by 4.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a buoyant expansion. Talcum powder consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Talcum Powder Exports

Exports from the Philippines

In 2021, the amount of talcum powder and other powders for cosmetic use exported from the Philippines surged to X tons, with an increase of 16% against the year before. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 152%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, talcum powder exports skyrocketed to $X in 2021. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 320% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for talcum powder exports from the Philippines, accounting for a 48% share of total exports. Moreover, talcum powder exports to Japan exceeded the volume sent to the second major destination, Yemen (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Japan amounted to +128.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+6.2% per year) and the United Arab Emirates (-8.8% per year).

In value terms, Japan ($X) remains the key foreign market for talcum powder exports from the Philippines, comprising 92% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.3% share of total exports. It was followed by Malaysia, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +148.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-17.8% per year) and Malaysia (-19.8% per year).

Export Prices by Country

In 2021, the average talcum powder export price amounted to $X per ton, surging by 88% against the previous year. Overall, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 895%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Yemen ($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 Pakistan (+82.1%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into the Philippines

In 2021, overseas purchases of talcum powder and other powders for cosmetic use decreased by -9.4% to X tons, falling for the second year in a row after eight years of growth. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2015 when imports increased by 92%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, talcum powder imports totaled $X in 2021. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 70%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) was the main supplier of talcum powder to the Philippines, with a 90% share of total imports. Moreover, talcum powder imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Thailand amounted to +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+0.6% per year) and China (-3.5% per year).

In value terms, Thailand ($X) constituted the largest supplier of talcum powder to the Philippines, comprising 84% of total imports. The second position in the ranking was held by China ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +40.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and Indonesia (-1.2% per year).

Import Prices by Country

The average talcum powder import price stood at $X per ton in 2021, with an increase of 23% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% 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 +82.5% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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