Asia: Mica Market 2022

Mica Market Size in Asia

The Asian mica market stood at $X in 2021, rising by X% against the previous year. Over the period under review, consumption showed a resilient expansion. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Mica Production in Asia

In value terms, mica production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X, and then contracted modestly in the following year.

Production By Country in Asia

India (X tonnes) constituted the country with the largest volume of mica production, comprising approx. X% of total volume. It was followed by Sri Lanka (X tonnes), with a X% share of total production.

From 2012 to 2021, the average annual rate of growth in terms of volume in India amounted to +X%.

Mica Exports

Exports in Asia

In 2021, shipments abroad of mica was finally on the rise to reach X tonnes for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The volume of export peaked at X tonnes in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, mica exports rose remarkably to $X in 2021. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

India was the main exporter of mica in Asia, with the volume of exports reaching X tonnes, which was approx. X% of total exports in 2021. It was distantly followed by China (X tonnes), committing a X% share of total exports. Japan (X tonnes) and Sri Lanka (X tonnes) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Japan (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, China (-X%) and Sri Lanka (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and Japan (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest mica supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In India, mica exports declined by an average annual rate of -X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2021, the e in Asia amounted to $X per tonne, shrinking by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per tonne, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per tonne), while Japan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced a decline in the export price figures.

Mica Imports

Imports in Asia

In 2021, mica imports in Asia skyrocketed to X tonnes, picking up by X% on 2020 figures. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, mica imports skyrocketed to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Import Prices by Country

In 2021, the i in Asia amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per tonne), while China amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-X%).

Source: IndexBox Platform