Mica; Powder Price in Turkey - 2023

Contents:

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

Mica; Powder Price in Turkey (CIF) - 2022

In 2022, the average mica; powder import price amounted to $1,457 per ton, jumping by 46% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $1,555 per ton in 2012; however, from 2013 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 the UK ($2,570 per ton), while the price for India ($275 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Mica; Powder Price in Turkey (FOB) - 2022

The average mica; powder export price stood at $289 per ton in 2022, falling by -3.6% against the previous year. Over the period under review, the export price saw a slight reduction. The pace of growth was the most pronounced in 2015 an increase of 14% against the previous year. The export price peaked at $366 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($853 per ton), while the average price for exports to Bulgaria ($85 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 Italy (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Mica; Powder Imports in Turkey

In 2022, supplies from abroad of mica; powders decreased by -30.5% to 517 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 54%. As a result, imports reached the peak of 745 tons, and then dropped sharply in the following year.

In value terms, mica; powder imports totaled $754K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Mica; Powder in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany35.178.115619075.6%
United Kingdom10580.11021080.9%
Spain2.33.418.496.9248.0%
China48.553.716987.221.6%
Malaysia89.053.89.480.3-3.4%
Norway56.051.947.676.010.7%
France12.814.171.442.048.6%
Austria40.025.537.032.6-6.6%
India6.833.275.01.2-43.9%
Others12994.559.940.4-32.1%
Total52448874575412.9%

Top Suppliers of Mica; Powder to Turkey in 2022:

  1. Spain (155.0 tons)
  2. Germany (89.5 tons)
  3. China (61.6 tons)
  4. Norway (54.4 tons)
  5. France (42.0 tons)
  6. United Kingdom (41.9 tons)
  7. Austria (35.3 tons)
  8. Malaysia (16.9 tons)
  9. India (4.3 tons)

Mica; Powder Exports in Turkey

For the fourth consecutive year, Turkey recorded growth in shipments abroad of mica; powders, which increased by 11% to 1.1K tons in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, mica; powder exports expanded notably to $327K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Mica; Powder in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom10716521323129.2%
BelgiumN/A44.116.122.5-28.6%
Uzbekistan1.20.51.715.3133.6%
Moldova15.4N/AN/A13.4-4.5%
Iraq2.318.41.77.950.9%
BulgariaN/AN/AN/A5.50%
Tajikistan17.53.23.43.2-43.2%
Egypt15.25.019.3N/A12.7%
Others31.719.152.128.3-3.7%
Total19025530732719.8%

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

  1. United Kingdom (868.0 tons)
  2. Bulgaria (64.3 tons)
  3. Uzbekistan (61.0 tons)
  4. Belgium (26.4 tons)
  5. Iraq (21.5 tons)
  6. Moldova (21.0 tons)
  7. Tajikistan (11.0 tons)

Source: IndexBox Market Intelligence Platform

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