Canada: Mica Market 2022

Mica Market Size in Canada

The Canadian mica market totaled $X in 2021, almost unchanged from the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in years to come.

Mica Production in Canada

In value terms, mica production shrank modestly to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2020, and then reduced modestly in the following year.

Mica Exports

Exports from Canada

In 2021, exports of mica from Canada declined rapidly to X tonnes, which is down by -X% compared with the previous year. Overall, exports showed a sharp decrease. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mica exports shrank to $X in 2021. Over the period under review, exports showed a dramatic decrease. The smallest decline of -X% was in 2014. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tonnes) was the main destination for mica exports from Canada, with a X% share of total exports. Moreover, mica exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tonnes), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +X%.

In value terms, the United States ($X) remains the key foreign market for mica exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +X%.

Export Prices by Country

The average mica export price stood at $X per tonne in 2021, growing by X% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price 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, mica export price increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to the United States stood at $X per tonne.

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

Mica Imports

Imports into Canada

In 2021, approx. X tonnes of mica were imported into Canada; waning by -X% on 2020 figures. In general, imports saw a deep downturn. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, mica imports dropped to $X in 2021. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tonnes) constituted the largest supplier of mica to Canada, with a X% share of total imports. Moreover, mica imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tonnes), sixfold. China (X tonnes) ranked third in terms of total imports with an X% share.

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

In value terms, the United States ($X) constituted the largest supplier of mica to Canada, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by China, with an X% share.

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

Import Prices by Country

In 2021, the average mica import price amounted to $X per tonne, approximately mirroring the previous year. Overall, the import price showed a noticeable setback. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from India ($X per tonne) and the United States ($X per tonne), while the price for China ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform