Mica Market - Global Mica Exports Declined for Second Consecutive Year

Other Mining And Quarrying November 29, 2016
Author: Maria Fadeeva
Market Analyst

mica market

Photo: © Jozef Jankola SK / Bigstockphoto

Global exports of mica fluctuated over the period under review. 2009 saw the largest drop of 29%, followed by a steep increase in 2010. Exports slightly declined the year after that, switching to a growth trend in 2012 and 2013. After a slight decline in 2014-2015, mica exports ended the period under review at 19.3 million USD.

According to IndexBox estimates, India continued to dominate in global supplies on the mica market. In 2015, India's mica exports totaled 7.7 million USD, which accounted for a 40% share in terms of global exports. Madagascar, China, Brazil, and Belgium were the other key global suppliers of mica in 2015, with a 45% combined share of global exports. 

Belgium (+38.9% per year) and Madagascar (+34.2% per year) were the fastest growing exporters from 2007 to 2015. Madagascar significantly strengthened its position in terms of global mica export structure, growing its share from 3% in 2007 to 16% in 2015.

On the other hand, China (64%, based on value terms), Japan (10%), Germany (7%), USA (5%), and Belgium (2%) were the leading destinations of mica imports in 2015. Imports to Germany grew at a rapid pace of +68.0% per year from 2007 to 2015, while USA slightly contracted its imports of mica over the same period. China's share of global imports increased significantly (+27 percentage points), while the share of the USA illustrated negative dynamics (-12 percentage points).

Global Exports Of Mica, In Value Terms

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  • mica market share
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Source: World: Mica - Market Report. Analysis And Forecast To 2020