Price for Mica, Including Splittings; Mica Waste in Finland - 2023

Contents:

  1. Price for Mica, Including Splittings; Mica Waste in Finland (FOB) - 2023
  2. Price for Mica, Including Splittings; Mica Waste in Finland (CIF) - 2022
  3. Exports of Mica, Including Splittings; Mica Waste in Finland
  4. Imports of Mica, Including Splittings; Mica Waste in Finland

Price for Mica, Including Splittings; Mica Waste in Finland (FOB) - 2023

The average export price for mica, including splittings; mica wastes stood at $632 per ton in July 2023, reducing by -3% against the previous month. Over the period under review, export price indicated a pronounced increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, mica, including splittings; mica waste export price decreased by -8.6% against May 2023 indices. The pace of growth was the most pronounced in October 2022 when the average export price increased by 35% m-o-m. The export price peaked at $691 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was China ($1,088 per ton), while the average price for exports to Japan ($311 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 China (+3.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for mica, including splittings; mica wastes amounted to $1,594 per ton, picking up by 8.7% against the previous year. Over the period under review, the import price enjoyed a slight expansion. The most prominent rate of growth was recorded in 2013 an increase of 63%. The import price peaked at $3,384 per ton in 2014; however, from 2015 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 India ($9,600 per ton), while the price for Austria ($598 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mica, Including Splittings; Mica Waste in Finland

In 2022, the amount of mica, including splittings; mica wastes exported from Finland shrank sharply to 4.4K tons, which is down by -20.4% against the previous year. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year.

In value terms, mica, including splittings; mica waste exports contracted sharply to $1.9M in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year.

Export of Mica, Including Splittings; Mica Waste in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan743369801614-6.2%
United States4212856814844.8%
China27529643042315.4%
United Arab Emirates0.61311.2344730.7%
Russia91.210912213.3-47.4%
Germany507297170N/A-42.1%
Netherlands26021365.0N/A-50.0%
Others97.888.910162.3-14.0%
Total2,3971,7892,3701,941-6.8%

Top Export Markets for Mica, Including Splittings; Mica Waste from Finland in 2022:

  1. Japan (1909.9 tons)
  2. United States (940.6 tons)
  3. United Arab Emirates (766.8 tons)
  4. China (728.8 tons)
  5. Russia (43.0 tons)

Imports of Mica, Including Splittings; Mica Waste in Finland

In 2022, purchases abroad of mica, including splittings; mica wastes was finally on the rise to reach 170 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt slump.

In value terms, mica, including splittings; mica waste imports rose notably to $271K in 2022. Overall, imports, however, continue to indicate a pronounced downturn.

Import of Mica, Including Splittings; Mica Waste in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France1411231291737.1%
United Kingdom89.389.068.156.5-14.2%
Austria31.931.225.623.8-9.3%
NorwayN/AN/A4.38.6100.0%
Canada11.412.312.4N/A4.3%
Others31.012.77.28.8-34.3%
Total305268246271-3.9%

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

  1. Canada (undefined tons)
  2. France (83.0 tons)
  3. Austria (39.8 tons)
  4. United Kingdom (38.4 tons)
  5. Norway (7.8 tons)

Source: IndexBox Market Intelligence Platform

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