Southern Asia: Mica Market 2024

Mica Market Size in Southern Asia

In 2022, the South Asian mica market decreased by X% to $X, falling for the third consecutive year after three years of growth. In general, consumption recorded a strong expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mica Production in Southern Asia

In value terms, mica production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Mica Exports

Exports in Southern Asia

In 2022, overseas shipments of mica decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, mica exports fell significantly to $X in 2022. In general, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

India dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X tons), constituting a X% share of total exports. Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the mica exports, with a CAGR of X% from 2012 to 2022. Pakistan (X%) and Sri Lanka (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan and Sri Lanka saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest mica supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Mica Imports

Imports in Southern Asia

In 2022, the amount of mica imported in Southern Asia surged to X tons, jumping by X% on the previous year's figure. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, mica imports skyrocketed to $X in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

India represented the major importing country with an import of around X tons, which accounted for X% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%).

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Bangladesh (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported mica in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports.

In India, mica imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :