Colombia: Mica Market 2022

Mica Market Size in Colombia

In 2021, the Colombian mica market increased by X% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption showed a dramatic curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Mica Exports

Exports from Colombia

In 2021, exports of mica from Colombia amounted to less than X kg, approximately mirroring the previous year's figure. Over the period under review, exports continue to indicate a significant contraction. As a result, the exports attained the peak of X kg. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, mica exports totaled $less than X in 2021. Overall, exports continue to indicate a dramatic shrinkage. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg) and Ecuador (X kg) were the main destinations of mica exports from Colombia.

From 2012 to 2015, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X 2012 to 2015, the average annual rate of growth in terms of value to Ecuador was relatively modest.

Export Prices by Country

In 2015, the average mica export price amounted to $X per tonne, leveling off at the previous year. In general, the export price faced a abrupt contraction. As a result, the export price attained the peak level of $X per tonne. From 2014 to 2015, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2015, the country with the highest price was Ecuador ($X per tonne), while the average price for exports to the United States totaled $X per tonne.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Mica Imports

Imports into Colombia

In 2021, imports of mica into Colombia shrank to X tonnes, with a decrease of -X% against 2020 figures. Over the period under review, imports showed a significant decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, mica imports totaled $X in 2021. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tonnes) constituted the largest supplier of mica to Colombia, accounting for a X% share of total imports. Moreover, mica imports from Spain exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold.

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

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

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

Import Prices by Country

In 2021, the average mica import price amounted to $X per tonne, jumping by X% against the previous year. Overall, the import price recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per tonne), while the price for Spain ($X per tonne) was 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 mixed trend patterns.

Source: IndexBox Platform