MENA: Mica Market 2024

Mica Market Size in MENA

In 2022, the MENA's mica market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a deep slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Mica Production in MENA

In value terms, mica production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Mica Exports

Exports in MENA

In 2022, overseas shipments of mica increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a noticeable contraction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mica exports dropped rapidly to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Tunisia (X tons), constituting a X% share of total exports. The following exporters - Iran (X tons) and the United Arab Emirates (X tons) - each finished at a X% share of total exports.

Turkey was also the fastest-growing in terms of the mica exports, with a CAGR of X% from 2012 to 2022. Tunisia experienced a relatively flat trend pattern. Iran (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while Iran and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest mica supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Tunisia, with an X% share.

In Turkey, mica exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, declining by X% against the previous year. Overall, the export price saw a abrupt decline. The growth pace was the most rapid in 2020 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained 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 the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Mica Imports

Imports in MENA

In 2022, the amount of mica imported in MENA shrank remarkably to X tons, waning by X% against the year before. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, mica imports skyrocketed to $X in 2022. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kuwait was the key importer of mica in MENA, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Egypt (X tons) ranks second in terms of the total imports with a X% share, followed by Iran (X%) and Iraq (X%). The following importers - Yemen (X tons), Turkey (X tons) and Oman (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Iran ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Turkey, Iraq, Oman and Yemen lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price showed a resilient increase. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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