Southern Asia: Mica Market 2022

Mica Market Size in Southern Asia

In 2021, the South Asian mica market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, consumption, however, continues to indicate buoyant growth. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Mica Production in Southern Asia

In value terms, mica production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020, and then fell slightly in the following year.

Production By Country in Southern Asia

India (X tonnes) remains the largest mica producing country in Southern Asia, comprising approx. X% of total volume. It was followed by Sri Lanka (X tonnes), with a X% share of total production.

From 2012 to 2021, the average annual rate of growth in terms of volume in India amounted to +X%.

Mica Exports

Exports in Southern Asia

In 2021, overseas shipments of mica were finally on the rise to reach X tonnes after five years of decline. Overall, exports, however, saw a abrupt slump. Over the period under review, the exports hit record highs at X tonnes in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, mica exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep setback. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in exports structure, accounting for X tonnes, which was approx. X% of total exports in 2021. The following exporters - Sri Lanka (X tonnes) and Pakistan (X tonnes) - together made up X% of total exports.

Exports from India decreased at an average annual rate of -X% from 2012 to 2021. Pakistan (-X%) and Sri Lanka (-X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in India totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (-X% per year) and Pakistan (+X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per tonne in 2021, shrinking by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per tonne in 2020, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Sri Lanka ($X per tonne), while Pakistan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+X%), while the other leaders experienced a decline in the export price figures.

Mica Imports

Imports in Southern Asia

In 2021, imports of mica in Southern Asia surged to X tonnes, rising by X% against 2020. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, mica imports surged to $X in 2021. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tonnes) was the main importer of mica, comprising X% of total imports. It was distantly followed by Bangladesh (X tonnes), constituting a X% share of total imports.

Imports into India increased at an average annual rate of +X% from 2012 to 2021. At the same time, Bangladesh (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2012-2021. While the share of Bangladesh (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-X p.p.) displayed negative dynamics.

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

In India, mica imports expanded at an average annual rate of +X% over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per tonne in 2021, with an increase of X% against the previous year. Over the period under review, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per tonne), while Bangladesh totaled $X per tonne.

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

Source: IndexBox Platform