Price for Mica, Including Splittings; Mica Waste in Ethiopia - 2022

Price for Mica, Including Splittings; Mica Waste in Ethiopia (CIF) - 2022

In 2022, the average import price for mica, including splittings; mica wastes amounted to $969 per ton, increasing by 21% against the previous year. Overall, the import price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by 38%. The import price peaked at $1,112 per ton in 2016; however, from 2017 to 2022, import prices remained at a 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 China ($1,304 per ton), while the price for India ($853 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+24.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Mica, Including Splittings; Mica Waste in Ethiopia (FOB) - 2022

The average export price for mica, including splittings; mica wastes stood at $149 per ton in 2022, increasing by 22% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $150 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($149 per ton), while the average price for exports to Hong Kong SAR stood at $149 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.3%).

Imports of Mica, Including Splittings; Mica Waste in Ethiopia

In 2022, supplies from abroad of mica, including splittings; mica wastes decreased by -15.9% to 151 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 87%. As a result, imports attained the peak of 199 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mica, including splittings; mica waste imports amounted to $146K in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 124% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Mica, Including Splittings; Mica Waste in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	3.2	3.9	0.2	92.9	207.3%
China	59.1	126	135	44.7	-8.9%
Kenya	N/A	5.1	5.8	5.7	5.7%
Turkey	0.1	1.8	1.8	2.8	203.7%
Others	N/A	3.1	N/A	N/A	0%
Total	62.5	140	143	146	32.7%

Top Suppliers of Mica, Including Splittings; Mica Waste to Ethiopia in 2022:

India (109.0 tons)
China (34.3 tons)
Kenya (5.1 tons)
Turkey (2.5 tons)

Exports of Mica, Including Splittings; Mica Waste in Ethiopia

Mica, including splittings; mica waste exports from Ethiopia surged to 260 tons in 2022, jumping by 733% against 2021 figures. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mica, including splittings; mica waste exports skyrocketed to $39K in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.