Scandinavia: Talcum Powder Market 2024

Talcum Powder Market Size in Scandinavia

The Scandinavia talcum powder market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Talcum Powder Production in Scandinavia

In value terms, talcum powder production declined modestly to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Talcum Powder Exports

Exports in Scandinavia

In 2021, exports of talcum powder and other powders for cosmetic use in Scandinavia reached X tons, picking up by 3% compared with the previous year. The total export volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 37%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, talcum powder exports skyrocketed to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.5% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) and Denmark (X tons) prevails in exports structure, together achieving 97% of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of +10.4%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) were the countries with the highest levels of exports in 2021, together comprising 97% of total exports.

In terms of the main exporting countries, Norway, with a CAGR of +23.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with an increase of 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 when the export price increased by 38%. The level of export peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+12.3%), while the other leaders experienced mixed trends in the export price figures.

Talcum Powder Imports

Imports in Scandinavia

In 2021, overseas purchases of talcum powder and other powders for cosmetic use increased by 25% to 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 +3.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, talcum powder imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of talcum powder and other powders for cosmetic use, namely Sweden, Denmark and Norway, represented more than two-thirds of total import. It was distantly followed by Finland (X tons), creating a 7.1% share of total imports. Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iceland (with a CAGR of +6.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest talcum powder importing markets in Scandinavia were Sweden ($X), Norway ($X) and Denmark ($X), with a combined 90% share of total imports.

Sweden, with a CAGR of +7.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, surging by 6.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 9.4%. Over the period under review, import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform