Mica; Powder Price in the Philippines - 2023
Contents:
Mica; Powder Price in the Philippines (CIF) - 2022
The average mica; powder import price stood at $662 per ton in 2022, waning by -5.7% against the previous year. In general, the import price showed a perceptible slump. The pace of growth was the most pronounced in 2017 an increase of 27%. As a result, import price reached the peak level of $1,063 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
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 Japan ($3,910 per ton), while the price for Taiwan (Chinese) ($110 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Mica; Powder Imports in the Philippines
In 2022, approx. 768 tons of mica; powders were imported into the Philippines; jumping by 59% compared with the previous year. Over the period under review, imports, however, continue to indicate a pronounced decline.
In value terms, mica; powder imports soared to $508K in 2022. In general, imports, however, recorded a abrupt contraction.
| Import of Mica; Powder in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.1 | 84.9 | 152 | 186 | 43.4% |
| South Korea | N/A | N/A | 61.2 | 115 | 87.9% |
| United Kingdom | 39.2 | 13.2 | 13.2 | 77.7 | 25.6% |
| Singapore | 15.6 | 16.8 | 5.4 | 36.8 | 33.1% |
| Malaysia | 44.7 | 30.0 | 22.3 | 30.6 | -11.9% |
| Belgium | N/A | 22.5 | N/A | 16.2 | -15.1% |
| Taiwan (Chinese) | 2.9 | 2.6 | 1.7 | 2.2 | -8.8% |
| Japan | 219 | 100 | 42.4 | 1.4 | -81.4% |
| India | 485 | 44.4 | 35.1 | 0.7 | -88.7% |
| Others | 59.5 | 61.4 | 4.5 | 41.4 | -11.4% |
| Total | 929 | 376 | 338 | 508 | -18.2% |
Top Suppliers of Mica; Powder to the Philippines in 2022:
- China (448.0 tons)
- United Kingdom (100.0 tons)
- Malaysia (80.0 tons)
- South Korea (50.0 tons)
- Singapore (30.5 tons)
- Belgium (22.8 tons)
- Taiwan (Chinese) (20.0 tons)
- India (0.6 tons)
- Japan (0.4 tons)
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This report provides an in-depth analysis of the mica market in the Philippines.
1789
This report provides an in-depth analysis of the global mica market.
476
This report provides an in-depth analysis of the mica market in the Philippines.
1789
This report provides an in-depth analysis of the global mica market.
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