Turkey: Mica Market 2022

Mica Market Size in Turkey

The Turkish mica market totaled $less than X in 2020, therefore, remained relatively stable against the previous year. Overall, consumption showed a relatively flat trend pattern.

Mica Production in Turkey

In value terms, mica production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a deep contraction. Mica production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Mica Exports

Exports from Turkey

In 2021, overseas shipments of mica increased by X% to X tonnes for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed a resilient expansion. Over the period under review, the exports attained the peak figure at X tonnes in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, mica exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tonnes) was the main destination for mica exports from Turkey, accounting for a X% share of total exports. Moreover, mica exports to the UK exceeded the volume sent to the second major destination, Tanzania (X tonnes), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and France (+X% per year).

In value terms, the UK ($X) remains the key foreign market for mica exports from Turkey, comprising X% of total exports. The second position in the ranking was occupied by Tanzania ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and France (+X% per year).

Export Prices by Country

In 2021, the average mica export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced a decline.

Mica Imports

Imports into Turkey

In 2021, purchases abroad of mica increased by X% to X tonnes, rising for the third consecutive year after three years of decline. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, mica imports fell to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tonnes) constituted the largest supplier of mica to Turkey, with a X% share of total imports. Moreover, mica imports from India exceeded the figures recorded by the second-largest supplier, China (X tonnes), more than tenfold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the Netherlands (+X% per year).

In value terms, India ($X), China ($X) and the United States ($X) constituted the largest mica suppliers to Turkey, with a combined X% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average mica import price stood at $X per tonne in 2021, reducing by -X% against the previous year. Overall, the import price recorded a abrupt descent. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform