Africa: Mica Market 2024

Mica Market Size in Africa

The African mica market reached $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Mica Production in Africa

In value terms, mica production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Mica Exports

Exports in Africa

In 2022, exports of mica in Africa expanded slightly to X tons, surging by X% against 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, mica exports soared to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Madagascar prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Nigeria (X tons), generating a X% share of total exports.

Exports from Madagascar increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Madagascar (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Madagascar ($X) remains the largest mica supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

In Madagascar, mica exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price posted a mild increase. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while Nigeria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%).

Mica Imports

Imports in Africa

In 2022, approx. X tons of mica were imported in Africa; falling by X% compared with the previous year. Over the period under review, imports showed a pronounced slump. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, mica imports surged to $X in 2022. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Egypt represented the main importer of mica in Africa, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Zimbabwe (X tons) took the second position in the ranking, followed by Mozambique (X tons), Gabon (X tons) and Botswana (X tons). All these countries together held approx. X% share of total imports. South Africa (X tons) and Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mica imports into Egypt stood at X%. At the same time, Zimbabwe (X%), Gabon (X%), Mozambique (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%) and Kenya (X%) illustrated a downward trend over the same period. While the share of Egypt (X p.p.), Zimbabwe (X p.p.), Mozambique (X p.p.), Gabon (X p.p.) and Botswana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kenya (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported mica in Africa, comprising X% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

In Egypt, mica imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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