Mica; Powder Price in Hong Kong SAR - 2023

Mica; Powder Price in Hong Kong SAR (CIF) - 2022

In 2022, the average mica; powder import price amounted to $621 per ton, declining by -19.3% against the previous year. In general, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of 42% against the previous year. Over the period under review, average import prices hit record highs at $1,038 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($977 per ton), while the price for China stood at $569 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Mica; Powder Price in Hong Kong SAR (FOB) - 2022

The average mica; powder export price stood at $1,186 per ton in 2022, surging by 21% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 46%. As a result, the export price attained the peak level of $1,437 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.2% per year.

Mica; Powder Imports in Hong Kong SAR

In 2022, approx. 268 tons of mica; powders were imported into Hong Kong SAR; waning by -16.9% on 2021 figures. Overall, imports saw a slight descent. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of 323 tons, and then contracted rapidly in the following year.

In value terms, mica; powder imports reduced remarkably to $167K in 2022. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports attained the peak of $248K, and then dropped rapidly in the following year.

Import of Mica; Powder in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	141	84.9	138	139	-0.5%
Canada	42.5	43.1	87.4	24.0	-17.3%
Indonesia	N/A	57.8	N/A	N/A	0%
Others	19.7	22.1	22.6	4.1	-40.7%
Total	203	208	248	167	-6.3%

Top Suppliers of Mica; Powder to Hong Kong SAR in 2022:

China (243.3 tons)
Canada (24.5 tons)

Mica; Powder Exports in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in shipments abroad of mica; powders, when their volume decreased by -23.5% to 176 tons. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. As a result, the exports attained the peak of 230 tons, and then declined markedly in the following year.

In value terms, mica; powder exports contracted to $209K in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. As a result, the exports attained the peak of $225K, and then dropped in the following year.