EU: Mica Market 2024

Mica Market Size in the EU

The EU mica market dropped to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Mica Production in the EU

In value terms, mica production fell notably to $X in 2022 estimated in export price. Overall, production, however, saw slight growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Mica Exports

Exports in the EU

In 2022, after three years of growth, there was decline in shipments abroad of mica, when their volume decreased by X% to X tons. Overall, exports showed a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mica exports contracted to $X in 2022. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Belgium (X tons), generating a X% share of total exports. Germany (X tons) followed a long way behind the leaders.

Spain was also the fastest-growing in terms of the mica exports, with a CAGR of X% from 2012 to 2022. At the same time, Germany (X%) displayed positive paces of growth. By contrast, Belgium (X%) illustrated a downward trend over the same period. Spain (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Spain ($X) remains the largest mica supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Spain amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, declining by X% against the previous year. Overall, the export price showed a perceptible slump. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced a decline in the export price figures.

Mica Imports

Imports in the EU

In 2022, the amount of mica imported in the European Union dropped significantly to X tons, waning by X% compared with the previous year. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, mica imports fell to $X in 2022. Overall, imports saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany represented the main importing country with an import of around X tons, which recorded X% of total imports. France (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%) and Romania (X%). The following importers - Belgium (X tons) and Italy (X tons) - together made up X% of total imports.

Imports into Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, France (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Romania (X%), the Czech Republic (X%), Italy (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of France (X p.p.), the Czech Republic (X p.p.) and Romania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported mica in the European Union, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mica import price increased by X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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