Australia: Mica Market 2022

Mica Market Size in Australia

The Australian mica market soared to $X in 2021, picking up by X% against the previous year. Over the period under review, consumption enjoyed a pronounced expansion. Mica consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Mica Production in Australia

In value terms, mica production totaled $X in 2021 estimated in export price. Over the period under review, production saw a sharp decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Mica Exports

Exports from Australia

Mica exports from Australia soared to X tonnes in 2021, with an increase of X% on the previous year. In general, exports, however, recorded a slight decrease. Over the period under review, the exports reached the peak figure at X tonnes in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, mica exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a perceptible slump. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tonnes) was the main destination for mica exports from Australia, with a X% share of total exports. It was followed by New Zealand (X kg), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled -X%.

In value terms, Singapore ($X) emerged as the key foreign market for mica exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to -X%.

Export Prices by Country

The average mica export price stood at $X per tonne in 2021, reducing by -X% against the previous year. Over the period under review, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per tonne, and then shrank dramatically in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($X per tonne), while the average price for exports to Singapore totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-X%).

Mica Imports

Imports into Australia

For the third year in a row, Australia recorded growth in supplies from abroad of mica, which increased by X% to X tonnes in 2021. In general, imports recorded moderate growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, mica imports amounted to $X in 2021. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tonnes) constituted the largest mica supplier to Australia, accounting for a X% share of total imports. Moreover, mica imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), sevenfold. India (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and India (-X% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest mica suppliers to Australia, together comprising X% of total imports.

Among the main suppliers, China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average mica import price stood at $X per tonne in 2021, shrinking by -X% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform