Philippines - Mica - Market Analysis, Forecast, Size, Trends and Insights

Philippines: Mica Market Overview 2020

Mica Market Size in the Philippines

The revenue of the mica market in the Philippines amounted to $X in 2017, jumping by X% against the previous year. In general, mica consumption continues to indicate a mild growth. The growth pace was the most rapid in 2009, when it surged by X% year-to-year. In that year, the mica market attained their peak level of $X. From 2010 to 2017, growth of the mica market failed to regain its momentum.

Mica Production in the Philippines

In 2017, the amount of mica produced in the Philippines totaled X tonnes, increasing by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. The Philippines mica production peaked in 2017, and is expected to retain its growth in the near future.

Mica Exports in the Philippines

In 2017, exports of mica from the Philippines amounted to X tonnes, jumping by X% against the previous year. Overall, mica exports continue to indicate an outstanding expansion. The pace of growth was the most pronounced in 2013, when exports increased by X% y-o-y. In that year, the mica exports attained their peak volume of X tonnes. From 2014 to 2017, growth of the mica exports stood at a somewhat lower level.

In value terms, mica exports totaled $X in 2017. Overall, mica exports continue to indicate a skyrocketing increase. In that year, the mica exports reached their peak level of $X. From 2014 to 2017, growth of the mica exports failed to regain its momentum.

Mica Exports by Country in the Philippines

In 2017, Madagascar (X tonnes), distantly followed by India (X tonnes), China (X tonnes) and Brazil (X tonnes) represented the key exporters of mica, together making up X% of total exports. Spain (X tonnes), Japan (X tonnes) and Sri Lanka (X tonnes) held the mild share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Madagascar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest mica supplier from the Philippines, making up X% of global exports. The second position in the ranking was occupied by Madagascar ($X), with a X% share of global exports. It was followed by China, with a X% share.

In India, mica exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Madagascar (+X% per year) and China (+X% per year).

Mica Export Prices by Country in the Philippines

In 2017, the mica export price in the Philippines amounted to $X per tonne, approximately mirroring the previous year. In general, mica export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2015, an increase of X% against the previous year. In that year, the export prices for mica reached their peak level of $X per tonne; afterwards, it flattened through to 2017.

Export prices varied noticeably by the country of destination; the country with the highest export price was Brazil ($X per tonne), while Madagascar ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Mica Imports in the Philippines

In 2017, the amount of mica imported into the Philippines stood at X kg, lowering by -X% against the previous year. Overall, mica imports continue to indicate an abrupt setback. The pace of growth appeared the most rapid in 2009, when imports increased by X% y-o-y. In that year, the mica imports attained their peak volume of X tonnes. From 2010 to 2017, growth of the mica imports failed to regain its momentum.

In value terms, mica imports totaled $X in 2017. Overall, mica imports continue to indicate a sharp descent. In that year, the mica imports reached their peak level of $X. From 2010 to 2017, growth of the mica imports stood at a somewhat lower level.

Mica Imports by Country in the Philippines

China was the key importer of mica in the world, with the volume of imports amounting to X tonnes, which was approx. X% of total imports in 2017. Russia (X tonnes) took the second position in the ranking, followed by Germany (X tonnes), Japan (X tonnes), the U.S. (X tonnes), the UK (X tonnes) and South Korea (X tonnes). All these countries together held approx. X% share of total imports.

From 2007 to 2017, average annual rates of growth with regard to mica imports into China stood at +X%. At the same time, Germany (+X%), the UK (+X%), Russia (+X%), Japan (+X%), South Korea (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. While the share of the U.S. (-X%), South Korea (-X%), Japan (-X%), the UK (-X%), Germany (-X%), Russia (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported mica into the Philippines, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

In China, mica imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Russia (+X% per year).

Mica Import Prices by Country in the Philippines

In 2017, the mica import price in the Philippines amounted to $X per tonne, shrinking by -X% against the previous year. In general, mica import price continues to indicate a perceptible deduction. The most prominent rate of growth was recorded in 2009, when it surged by -X% year-to-year. Over the period under review, the import prices for mica attained its maximum level of $X per kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform