Talcum and Cosmetic Powder Market

The global market for talcum and cosmetic powder is expected to see continued growth in both consumption and production volumes over the next eight years. With forecasts showing an increase in market value and volume, key insights into the major importing and exporting countries, average prices, and growth rates are provided. Countries like the United States, China, and Japan lead in terms of market value and volume, while Turkey and Australia stand out for their growth rates. The article also details the fluctuations in import and export volumes, with noticeable increases recorded in recent years. Overall, the talcum and cosmetic powder industry is poised for growth and continued expansion.

Market Forecast

Driven by increasing demand for talcum and cosmetic powder worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 249K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.3% for the period from 2022 to 2030, which is projected to bring the market value to $5.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Talcum Powder And Other Powders For Cosmetic Use

In 2022, approx. 188K tons of talcum and cosmetic powder were consumed worldwide; remaining stable against the year before. The total consumption volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the consumption volume increased by 8.2%. Global consumption peaked at 210K tons in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

The global talcum and cosmetic powder market value reduced slightly to $3.4B in 2022, dropping by -3.6% 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). Over the period under review, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 7.3% against the previous year. As a result, consumption attained the peak level of $4.1B. From 2020 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (32K tons), the United States (20K tons) and India (15K tons), together comprising 36% of global consumption. Russia, the UK, Turkey, the Philippines, Indonesia, Brazil, Japan, the United Arab Emirates, France and Nigeria lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +13.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($466M), China ($427M) and Japan ($415M) constituted the countries with the highest levels of market value in 2022, together comprising 39% of the global market. Russia, France, Turkey, the UK, Brazil, India, the United Arab Emirates, the Philippines, Indonesia and Nigeria lagged somewhat behind, together accounting for a further 26%.

In terms of the main consuming countries, Turkey, with a CAGR of +14.8%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of talcum and cosmetic powder per capita consumption was registered in the United Arab Emirates (456 kg per 1000 persons), followed by the UK (112 kg per 1000 persons), Turkey (85 kg per 1000 persons) and Russia (65 kg per 1000 persons), while the world average per capita consumption of talcum and cosmetic powder was estimated at 24 kg per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the talcum and cosmetic powder per capita consumption in the United Arab Emirates totaled -1.8%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the UK (+0.1% per year) and Turkey (+12.2% per year).

Production

World Production of Talcum Powder And Other Powders For Cosmetic Use

In 2022, the amount of talcum and cosmetic powder produced worldwide amounted to 202K tons, leveling off at the year before. The total output volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 11% against the previous year. Over the period under review, global production attained the peak volume at 223K tons in 2019; however, from 2020 to 2022, production remained at a lower figure.

In value terms, talcum and cosmetic powder production amounted to $3.5B in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 9.2% against the previous year. Over the period under review, global production attained the maximum level at $4.2B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (47K tons), Thailand (33K tons) and India (20K tons), with a combined 50% share of global production. The United States, Italy, Russia, Turkey, Indonesia, Brazil, Japan, France, Nigeria and South Korea lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Nigeria (with a CAGR of +22.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Talcum Powder And Other Powders For Cosmetic Use

In 2022, supplies from abroad of talcum and cosmetic powder increased by 2.5% to 105K tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. Global imports peaked at 112K tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, talcum and cosmetic powder imports reduced slightly to $2.7B in 2022. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of $2.7B, leveling off in the following year.

Imports By Country

In 2022, the United States (16K tons), followed by the UK (9K tons), the Philippines (7K tons) and the United Arab Emirates (5.4K tons) represented the major importers of talcum and cosmetic powder, together committing 35% of total imports. The following importers - Germany (4.7K tons), France (3.9K tons), Belgium (2.5K tons), Malaysia (2.4K tons), Spain (2.2K tons), Poland (2.2K tons), Canada (2.1K tons), the Netherlands (2K tons) and Japan (1.9K tons) - together made up 23% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +21.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($297M) constitutes the largest market for imported talcum and cosmetic powder worldwide, comprising 11% of global imports. The second position in the ranking was taken by Japan ($129M), with a 4.8% share of global imports. It was followed by the UK, with a 4.6% share.

In the United States, talcum and cosmetic powder imports expanded at an average annual rate of +3.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+4.5% per year) and the UK (-1.4% per year).

Import Prices By Country

In 2022, the average talcum and cosmetic powder import price amounted to $25,822 per ton, falling by -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2021 an increase of 10% against the previous year. As a result, import price attained the peak level of $26,643 per ton, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($66,903 per ton), while the Philippines ($4,904 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Talcum Powder And Other Powders For Cosmetic Use

In 2022, overseas shipments of talcum and cosmetic powder increased by 4.8% to 119K tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. Over the period under review, the global exports reached the peak figure at 130K tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, talcum and cosmetic powder exports expanded notably to $2.5B in 2022. In general, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. The global exports peaked at $2.7B in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, Thailand (32K tons), distantly followed by China (16K tons), Italy (7.7K tons), India (7.4K tons) and the United States (6.1K tons) represented the major exporters of talcum and cosmetic powder, together achieving 59% of total exports. Malaysia (4.8K tons), the UK (4.1K tons), France (4K tons), Singapore (3.1K tons), Poland (2.9K tons), Germany (2.5K tons), Indonesia (2.1K tons) and Australia (1.9K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of +31.1%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($310M), France ($282M) and Italy ($238M) constituted the countries with the highest levels of exports in 2022, with a combined 34% share of global exports. China, Singapore, Germany, Poland, Thailand, the UK, Australia, India, Malaysia and Indonesia lagged somewhat behind, together accounting for a further 35%.

Among the main exporting countries, Australia, with a CAGR of +24.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average talcum and cosmetic powder export price stood at $20,805 per ton in 2022, rising by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 8%. The global export price peaked at $20,912 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($71,082 per ton), while India ($1,997 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform