Malaysia: Mica Market 2022

Mica Market Size in Malaysia

In 2021, the Malaysian mica market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, faced a deep contraction. Mica consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Mica Production in Malaysia

In value terms, mica production surged to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable setback. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Mica Exports

Exports from Malaysia

In 2021, overseas shipments of mica increased by X% to X tonnes, rising for the seventh year in a row after two years of decline. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, mica exports skyrocketed to $X in 2021. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tonnes) was the main destination for mica exports from Malaysia, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to New Zealand was relatively modest.

From 2012 to 2021, the average annual growth rate of value to New Zealand was relatively modest.

Export Prices by Country

In 2021, the average mica export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price showed a deep slump. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per tonne in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for New Zealand amounted to X% per year.

Mica Imports

Imports into Malaysia

In 2021, overseas purchases of mica increased by X% to X tonnes for the first time since 2015, thus ending a five-year declining trend. Overall, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tonnes in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, mica imports shrank rapidly to $X in 2021. Over the period under review, imports, however, showed measured growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -X%.

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

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

Import Prices by Country

The average mica import price stood at $X per tonne in 2021, falling by -X% against the previous year. In general, the import price, however, recorded a resilient increase. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne, and then dropped remarkably in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($X per tonne), while the price for China totaled $X per tonne.

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

Source: IndexBox Platform