Mica; Powder Price in South Africa - 2023

Contents:

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

Mica; Powder Price in South Africa (CIF) - 2022

The average mica; powder import price stood at $365 per ton in 2022, waning by -22% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $534 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,922 per ton), while the price for Namibia ($94 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Mica; Powder Price in South Africa (FOB) - 2022

The average mica; powder export price stood at $928 per ton in 2022, waning by -11.8% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mica; powder export price increased by +66.0% against 2014 indices. The growth pace was the most rapid in 2015 an increase of 32% against the previous year. The export price peaked at $1,052 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($1,616 per ton), while the average price for exports to Botswana ($341 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 the UK (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mica; Powder Imports in South Africa

In 2022, approx. 764 tons of mica; powders were imported into South Africa; rising by 108% against the previous year. Overall, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 112%.

In value terms, mica; powder imports soared to $279K in 2022. In general, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year.

Top Suppliers of Mica; Powder to South Africa in 2022:

1. China (686.4 tons)
2. India (31.2 tons)
3. Namibia (22.2 tons)
4. United Kingdom (20.8 tons)

Mica; Powder Exports in South Africa

In 2022, the amount of mica; powders exported from South Africa declined modestly to 58 tons, waning by -4.4% against 2021. In general, exports, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2021 when exports increased by 188%. As a result, the exports reached the peak of 61 tons, and then fell slightly in the following year.

In value terms, mica; powder exports declined rapidly to $54K in 2022. Over the period under review, exports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2021 when exports increased by 253%. As a result, the exports attained the peak of $64K, and then contracted dramatically in the following year.

Top Export Markets for Mica; Powder from South Africa in 2022:

1. Zimbabwe (36.9 tons)
2. Malawi (11.0 tons)
3. Namibia (4.8 tons)
4. Botswana (2.0 tons)
5. Mauritius (1.7 tons)
6. Swaziland (1.6 tons)

Source: IndexBox Market Intelligence Platform