Mica; Powder Price in Japan - 2023

Contents:

1. Mica; Powder Price in Japan (CIF) - 2022
2. Mica; Powder Price in Japan (FOB) - 2023
3. Mica; Powder Imports in Japan
4. Mica; Powder Exports in Japan

Mica; Powder Price in Japan (CIF) - 2022

The average mica; powder import price stood at $326 per ton in 2022, with an increase of 10% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 16%. The import price peaked at $340 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($680 per ton), while the price for China ($308 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Mica; Powder Price in Japan (FOB) - 2023

The average mica; powder export price stood at $4,841 per ton in July 2023, growing by 35% against the previous month. In general, the export price saw tangible growth. The growth pace was the most rapid in September 2022 an increase of 110% against the previous month. The export price peaked in July 2023.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was South Korea ($10,395 per ton), while the average price for exports to Thailand ($1,651 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.

Mica; Powder Imports in Japan

In 2022, imports of mica; powders into Japan reduced modestly to 112K tons, falling by -2.8% against 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 11%. As a result, imports reached the peak of 115K tons, and then shrank modestly in the following year.

In value terms, mica; powder imports expanded notably to $36M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 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 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Mica; Powder to Japan in 2022:

1. China (100.5K tons)
2. India (5.4K tons)
3. Canada (2.5K tons)
4. Vietnam (2.0K tons)

Mica; Powder Exports in Japan

In 2022, shipments abroad of mica; powders decreased by -4.2% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 7.5% against the previous year. As a result, the exports reached the peak of 2K tons, and then declined slightly in the following year.

In value terms, mica; powder exports declined remarkably to $5.9M in 2022. Overall, exports showed a perceptible decline. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. As a result, the exports attained the peak of $7.7M, and then fell notably in the following year.

Top Export Markets for Mica; Powder from Japan in 2022:

1. United States (401.0 tons)
2. Indonesia (391.0 tons)
3. Taiwan (Chinese) (310.0 tons)
4. Thailand (237.0 tons)
5. South Korea (144.0 tons)
6. Brazil (119.0 tons)
7. China (103.0 tons)
8. Malaysia (87.0 tons)

Source: IndexBox Market Intelligence Platform