Middle East: Mica Market 2024

Mica Market Size in the Middle East

In 2022, the Middle Eastern mica market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt 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 the Middle East

In value terms, mica production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a mild decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Mica Exports

Exports in the Middle East

In 2022, shipments abroad of mica increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, mica exports dropped dramatically to $X in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. 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. Iran (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (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 ($X) remains the largest mica supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

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 Iran (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 the Middle East

Mica imports reduced sharply to X tons in 2022, with a decrease of X% compared with the previous year's figure. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, mica imports fell markedly to $X in 2022. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Kuwait (X tons) was the largest importer of mica, achieving X% of total imports. Iran (X tons) took the second position in the ranking, followed by Iraq (X tons) and Yemen (X tons). All these countries together held approx. X% share of total imports. The following importers - Turkey (X tons) and Oman (X tons) - each resulted at a X% share of total imports.

Kuwait experienced a relatively flat trend pattern with regard to volume of imports of mica. At the same time, Turkey (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Yemen (X%), Iran (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, Iran, Iraq, Yemen and Turkey increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X), Kuwait ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price recorded a resilient increase. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

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 mixed trends in the import price figures.

Source: IndexBox Platform

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