Vietnam: Talcum Powder Market 2024

Talcum Powder Market Size in Vietnam

The Vietnamese talcum powder market totaled $X in 2021, growing 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). In general, consumption, however, showed a mild setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Talcum Powder Exports

Exports from Vietnam

In 2021, exports of talcum powder and other powders for cosmetic use from Vietnam declined remarkably to X tons, which is down by -84.7% against the previous year. In general, exports showed a dramatic setback. The growth pace was the most rapid in 2015 with an increase of 180% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, talcum powder exports dropped markedly to $X in 2021. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2015 with an increase of 224%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons), Iraq (X kg) and Taiwan (Chinese) (X kg) were the main destinations of talcum powder exports from Vietnam, together comprising 86% of total exports. Cambodia, South Korea and the United Arab Emirates lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +21.9%), while the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), Iraq ($X) and Cambodia ($X) appeared to be the largest markets for talcum powder exported from Vietnam worldwide, together accounting for 88% of total exports. These countries were followed by Taiwan (Chinese), South Korea and the United Arab Emirates, which together accounted for a further 12%.

South Korea, with a CAGR of +34.0%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, surging by 98% against the previous year. Overall, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 272% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain 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 Iraq ($X per ton), while the average price for exports to the United Arab Emirates ($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 Benin (+102.3%), while the prices for the other major destinations experienced more modest paces of growth.

Talcum Powder Imports

Imports into Vietnam

Talcum powder imports into Vietnam expanded remarkably to X tons in 2021, growing by 11% against the previous year. Overall, imports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, talcum powder imports reduced slightly to $X in 2021. In general, imports, however, continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 70% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest talcum powder supplier to Vietnam, with a 73% share of total imports. Moreover, talcum powder imports from Thailand exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was held by Malaysia (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+14.0% per year) and Malaysia (-8.3% per year).

In value terms, South Korea ($X), Japan ($X) and Singapore ($X) were the largest talcum powder suppliers to Vietnam, with a combined 67% share of total imports. Thailand, China, Malaysia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 23%.

China, with a CAGR of +15.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, which is down by -12.9% against the previous year. In general, the import price, however, posted a mild expansion. The pace of growth was the most pronounced in 2014 an increase of 50% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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