Thailand: Talcum Powder Market 2024

Talcum Powder Market Size in Thailand

The Thai talcum powder market declined remarkably to $X in 2021, waning by -18.6% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. Talcum powder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Talcum Powder Production in Thailand

In value terms, talcum powder production declined remarkably to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 45%. As a result, production attained the peak level of $X, and then dropped rapidly in the following year.

Talcum Powder Exports

Exports from Thailand

In 2021, the amount of talcum powder and other powders for cosmetic use exported from Thailand rose sharply to X tons, picking up by 12% against 2020 figures. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 +163.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 135% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, talcum powder exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 43%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), the United States (X tons) and the UK (X tons) were the main destinations of talcum powder exports from Thailand, together accounting for 53% of total exports. These countries were followed by the United Arab Emirates, Cambodia, Malaysia, Australia, Singapore, Mexico, Lao People's Democratic Republic, Germany, Canada and Vietnam, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +122.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), the United States ($X) and the UK ($X) were the largest markets for talcum powder exported from Thailand worldwide, with a combined 40% share of total exports. These countries were followed by the United Arab Emirates, Malaysia, Lao People's Democratic Republic, Cambodia, Australia, Singapore, Mexico, Canada, Germany and Vietnam, which together accounted for a further 34%.

In terms of the main countries of destination, Canada, with a CAGR of +96.9%, recorded the highest rates of growth with regard to 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 average talcum powder export price stood at $X per ton in 2021, dropping by -1.8% against the previous year. Over the period under review, the export price saw a slight decline. The most prominent rate of growth was recorded in 2019 an increase of 124% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to the UK ($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 (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Talcum Powder Imports

Imports into Thailand

In 2021, overseas purchases of talcum powder and other powders for cosmetic use decreased by -25.7% to X tons, falling for the third consecutive year after seven years of growth. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 38%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, talcum powder imports shrank modestly to $X in 2021. Over the period under review, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2018 when imports increased by 19%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of talcum powder to Thailand, with a 53% share of total imports. Moreover, talcum powder imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Indonesia (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.1% per year) and Indonesia (+24.4% per year).

In value terms, Italy ($X), the United States ($X) and China ($X) were the largest talcum powder suppliers to Thailand, together comprising 70% of total imports.

Among the main suppliers, China, with a CAGR of +17.2%, 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

In 2021, the average talcum powder import price amounted to $X per ton, jumping by 32% against the previous year. In general, the import price, however, saw a mild descent. The most prominent rate of growth was recorded in 2019 an increase of 36%. Over the period under review, average import prices hit record highs 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 France ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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