Eastern Asia: Mica Market 2022

Mica Market Size in Eastern Asia

In 2021, the East Asian mica market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a significant increase. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Mica Production in Eastern Asia

In value terms, mica production contracted to $X in 2021 estimated in export price. Over the period under review, production posted a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Production By Country in Eastern Asia

China (X tonnes) constituted the country with the largest volume of mica production, accounting for X% of total volume. Moreover, mica production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR (X tonnes), more than tenfold.

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

Mica Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in shipments abroad of mica, which increased by X% to X tonnes in 2021. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tonnes. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mica exports reduced to $X in 2021. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

In 2021, China (X tonnes) represented the major exporter of mica, constituting X% of total exports. It was distantly followed by Japan (X tonnes), creating a X% share of total exports.

Exports from China 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 Eastern Asia, with a CAGR of +X% from 2012-2021. percentage points. China (-X p.p.) saw their shares reduced.

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

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

Export Prices by Country

In 2021, the e in Eastern Asia amounted to $X per tonne, standing approx. at the previous year. Overall, the export price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per tonne in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per tonne), while Japan stood at $X per tonne.

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

Mica Imports

Imports in Eastern Asia

In 2021, approx. X tonnes of mica were imported in Eastern Asia; increasing by X% on the previous year's figure. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, mica imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased 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, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

Import Prices by Country

In 2021, the i in Eastern Asia amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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