Nigeria - Talcum Powder And Other Powders For Cosmetic Use - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTalcum Powder Price in Nigeria - 2022
Contents:
- Talcum Powder Price in Nigeria (CIF) - 2022
- Talcum Powder Price in Nigeria (FOB) - 2022
- Talcum Powder Imports in Nigeria
- Talcum Powder Exports in Nigeria
Talcum Powder Price in Nigeria (CIF) - 2022
The average talcum powder import price stood at $3,719 per ton in 2022, growing by 35% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, talcum powder import price increased by +113.5% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by 73%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($19,596 per ton), while the price for China ($1,063 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Talcum Powder Price in Nigeria (FOB) - 2022
The average talcum powder export price stood at $19,738 per ton in 2022, waning by -4.8% against the previous year. In general, the export price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 76% against the previous year. Over the period under review, the average export prices reached the maximum at $20,734 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($33,167 per ton), while the average price for exports to Benin ($2,067 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.
Talcum Powder Imports in Nigeria
In 2022, purchases abroad of talcum powder and other powders for cosmetic use decreased by -29.5% to 486 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 209% against the previous year. As a result, imports attained the peak of 1.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, talcum powder imports shrank to $1.8M in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 163% against the previous year. As a result, imports attained the peak of $2.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Talcum Powder in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 159 | 789 | 429 | 822 | 72.9% |
Poland | 24.8 | 6.7 | 44.1 | 628 | 193.7% |
China | 14.7 | 224 | 105 | 165 | 123.9% |
Austria | 9.9 | 33.8 | 6.4 | 60.6 | 82.9% |
India | 2.7 | 79.2 | 45.5 | 37.1 | 139.5% |
Cote d'Ivoire | 308 | 359 | 478 | N/A | 24.6% |
Thailand | 53.3 | 83.7 | 30.3 | N/A | -24.6% |
South Africa | 40.2 | 50.2 | 18.8 | N/A | -31.6% |
Ghana | 27.7 | 69.4 | 52.3 | N/A | 37.4% |
Others | 163 | 417 | 693 | 93.7 | -16.9% |
Total | 803 | 2,112 | 1,902 | 1,806 | 31.0% |
Top Suppliers of Talcum Powder to Nigeria in 2022:
- Malaysia (258.8 tons)
- China (155.0 tons)
- Poland (32.0 tons)
- India (18.4 tons)
- Austria (15.8 tons)
Talcum Powder Exports in Nigeria
In 2022, overseas shipments of talcum powder and other powders for cosmetic use decreased by -47.4% to 492 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a dramatic downturn.
In value terms, talcum powder exports reduced markedly to $9.7K in 2022. Overall, exports faced a sharp reduction.
Export of Talcum Powder in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 237 | N/A | 13.1 | 7.0 | -69.1% |
Tanzania | 80.0 | N/A | 2.8 | 1.2 | -75.3% |
Ghana | 34.6 | N/A | 0.7 | 0.3 | -79.5% |
Congo | 34.5 | N/A | 0.8 | 0.2 | -82.0% |
Angola | 0.8 | N/A | N/A | 0.1 | -50.0% |
Democratic Republic of the Congo | 5.5 | N/A | 0.2 | 0.1 | -73.7% |
Benin | 0.8 | N/A | 0.3 | 0.1 | -50.0% |
Burkina Faso | 0.3 | N/A | 0.1 | N/A | -42.3% |
Croatia | 4.7 | N/A | N/A | N/A | 0% |
Others | 33.8 | N/A | 1.4 | 0.7 | -72.5% |
Total | 432 | N/A | 19.4 | 9.7 | -71.8% |
Top Export Markets for Talcum Powder from Nigeria in 2022:
- China (225.0 kg)
- Ghana (50.0 kg)
- Tanzania (45.0 kg)
- Democratic Republic of the Congo (44.0 kg)
- Benin (30.0 kg)
- Angola (19.0 kg)
- Burkina Faso (13.0 kg)
- Congo (6.0 kg)
This report provides an in-depth analysis of the market for talcum and cosmetic powder in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20421400 - Powders, whether or not compressed, for cosmetic use (including talcum powder)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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