Price for Mica, Including Splittings; Mica Waste in South Korea - 2022

Contents:

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

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

In 2022, the average import price for mica, including splittings; mica wastes amounted to $863 per ton, increasing by 11% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($5,525 per ton), while the price for Malaysia ($327 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In December 2022, the average export price for mica, including splittings; mica wastes amounted to $2,511 per ton, rising by 38% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 62% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,644 per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was the United States ($10,560 per ton), while the average price for exports to Vietnam ($305 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mica, Including Splittings; Mica Waste in South Korea

In 2022, the amount of mica, including splittings; mica wastes imported into South Korea dropped to 7.6K tons, waning by -10.6% on 2021. In general, imports showed a mild descent. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of 8.5K tons, and then shrank in the following year.

In value terms, mica, including splittings; mica waste imports contracted slightly to $6.5M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, imports reached the peak of $6.6M, leveling off in the following year.

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

1. China (5073.1 tons)
2. Malaysia (638.9 tons)
3. India (627.9 tons)
4. Canada (497.8 tons)
5. United States (283.8 tons)
6. Japan (144.1 tons)
7. Madagascar (120.0 tons)

Exports of Mica, Including Splittings; Mica Waste in South Korea

In 2022, approx. 440 tons of mica, including splittings; mica wastes were exported from South Korea; declining by -40.6% against 2021 figures. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 59%. As a result, the exports reached the peak of 740 tons, and then declined notably in the following year.

In value terms, mica, including splittings; mica waste exports declined notably to $1.6M in 2022. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. As a result, the exports reached the peak of $2.4M, and then shrank sharply in the following year.

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

1. China (93.7 tons)
2. Indonesia (81.9 tons)
3. Vietnam (59.2 tons)
4. Singapore (44.8 tons)
5. United States (42.9 tons)
6. Philippines (40.0 tons)
7. Poland (32.4 tons)
8. Thailand (28.0 tons)
9. India (1.1 tons)

Source: IndexBox Market Intelligence Platform