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

Contents:

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

Price for Mica, Including Splittings; Mica Waste in Japan (CIF) - 2023

In July 2023, the average import price for mica, including splittings; mica wastes amounted to $339 per ton, picking up by 3% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 8.3% m-o-m. As a result, import price attained the peak level of $377 per ton. From May 2023 to July 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Canada ($1,029 per ton), while the price for China ($257 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for mica, including splittings; mica wastes stood at $2,232 per ton in 2022, which is down by -4.7% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 8.6%. Over the period under review, the average export prices attained the peak figure at $4,931 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($11,729 per ton), while the average price for exports to Vietnam ($253 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 Malaysia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mica, Including Splittings; Mica Waste in Japan

In 2022, mica, including splittings; mica waste imports into Japan dropped slightly to 122K tons, which is down by -2.3% against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of 124K tons, and then dropped modestly in the following year.

In value terms, mica, including splittings; mica waste imports expanded notably to $43M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Import of Mica, Including Splittings; Mica Waste in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China26.824.129.431.35.3%
India5.65.36.46.97.2%
Canada1.51.42.01.74.3%
Finland1.10.51.00.9-6.5%
Vietnam0.50.7N/A0.66.3%
Others2.51.31.31.5-15.7%
Total38.033.340.143.04.2%

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

  1. China (102.3K tons)
  2. India (10.6K tons)
  3. Canada (2.5K tons)
  4. Finland (2.2K tons)
  5. Vietnam (2.0K tons)

Exports of Mica, Including Splittings; Mica Waste in Japan

In 2022, after three years of growth, there was significant decline in shipments abroad of mica, including splittings; mica wastes, when their volume decreased by -21.9% to 2.8K tons. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of 3.6K tons, and then reduced dramatically in the following year.

In value terms, mica, including splittings; mica waste exports plummeted to $6.2M in 2022. In general, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports reached the peak of $8.3M, and then dropped significantly in the following year.

Export of Mica, Including Splittings; Mica Waste in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2,0051,2952,5801,482-9.6%
Taiwan (Chinese)8361,8111,7881,14311.0%
South Korea1,3331,4311,1671,003-9.0%
Thailand813675722476-16.3%
Malaysia15911819725917.7%
Brazil1921362182519.3%
Indonesia212236150175-6.2%
Vietnam179208377172-1.3%
India80.076.211477.6-1.0%
Others1,1666701,0161,156-0.3%
Total6,9756,6558,3286,196-3.9%

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

  1. Vietnam (682.0 tons)
  2. United States (401.0 tons)
  3. Indonesia (391.0 tons)
  4. Taiwan (Chinese) (330.0 tons)
  5. Thailand (280.0 tons)
  6. South Korea (144.0 tons)
  7. Malaysia (127.0 tons)
  8. India (123.2 tons)
  9. Brazil (119.0 tons)

Source: IndexBox Market Intelligence Platform

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