Egypt: Mica Market 2022

Mica Market Size in Egypt

In 2021, after three years of growth, there was significant decline in the Egyptian mica market, when its value decreased by -X% to $X. Over the period under review, consumption, however, continues to indicate a notable expansion. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Mica Exports

Exports from Egypt

In 2021, overseas shipments of mica were finally on the rise to reach X kg after five years of decline. Over the period under review, exports, however, showed a dramatic shrinkage. Over the period under review, the exports reached the maximum at X tonnes in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, mica exports shrank modestly to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2013 when exports increased by X%. 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

Saudi Arabia (X kg) was the main destination for mica exports from Egypt, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +X%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for mica exports from Egypt.

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

Export Prices by Country

The average mica export price stood at $X per tonne in 2021, shrinking by -X% against the previous year. Overall, the export price, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per tonne in 2020, and then reduced rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to +X% per year.

Mica Imports

Imports into Egypt

After three years of growth, supplies from abroad of mica decreased by -X% to X tonnes in 2021. Over the period under review, imports, however, posted tangible growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tonnes, and then dropped dramatically in the following year.

In value terms, mica imports reduced markedly to $X in 2021. Overall, imports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2021, China (X tonnes) constituted the largest supplier of mica to Egypt, with a X% share of total imports. Moreover, mica imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of mica to Egypt, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with an X% share of total imports.

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

Import Prices by Country

In 2021, the average mica import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per tonne in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform