United Arab Emirates: Mica Market 2022

Mica Market Size in the United Arab Emirates

The mica market in the United Arab Emirates dropped modestly to $X in 2021, declining by -X% against the previous year. Overall, consumption, however, showed a significant increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Mica Production in the United Arab Emirates

In value terms, mica production shrank slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.

Mica Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of mica were finally on the rise to reach X tonnes after seven years of decline. In general, exports, however, saw a precipitous setback. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X tonnes. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, mica exports amounted to $X in 2021. Overall, exports, however, recorded a perceptible descent. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Iraq (X tonnes) was the main destination for mica exports from the United Arab Emirates, with a X% share of total exports. Moreover, mica exports to Iraq exceeded the volume sent to the second major destination, Oman (X tonnes), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq was relatively modest.

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

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

Export Prices by Country

The average mica export price stood at $X per tonne in 2021, declining by -X% against the previous year. In general, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per tonne in 2020, and then declined modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Iraq ($X per tonne), while the average price for exports to Oman amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+X%).

Mica Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of mica was finally on the rise to reach X tonnes for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, mica imports rose rapidly to $X in 2021. In general, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, India (X tonnes) constituted the largest supplier of mica to the United Arab Emirates, accounting for a X% share of total imports. Moreover, mica imports from India exceeded the figures recorded by the second-largest supplier, Oman (X tonnes), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from India totaled +X%.

In value terms, India ($X) constituted the largest supplier of mica to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by Oman ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India amounted to +X%.

Import Prices by Country

The average mica import price stood at $X per tonne in 2021, with an increase of X% against the previous year. In general, the import price posted prominent growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per tonne), while the price for Oman 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