Global Mica Market 2022

Mica Market Size

In 2021, the global mica market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mica Production

In value terms, mica production fell significantly to $X in 2021 estimated in export price. Overall, production showed a slight descent. The growth pace was the most rapid in 2019 when the production volume increased by 10%. Over the period under review, global production hit record highs at $X in 2020, and then dropped dramatically in the following year.

Mica Exports

Exports

In 2021, shipments abroad of mica decreased by -59.9% to X tons for the first time since 2014, thus ending a six-year rising trend. Overall, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 when exports increased by 18%. Over the period under review, the global exports attained the maximum at X tons in 2020, and then dropped notably in the following year.

In value terms, mica exports declined sharply to $X in 2021. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Madagascar was the major exporting country with an export of around X tons, which resulted at 45% of total exports. India (X tons) held the second position in the ranking, distantly followed by Nigeria (X tons). All these countries together took near 35% share of total exports. Brazil (X tons), China (X tons), Spain (X tons), Russia (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Nigeria (with a CAGR of +42.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest mica supplying countries worldwide were India ($X), Madagascar ($X) and China ($X), together accounting for 71% of global exports. Nigeria, Brazil, Spain, Russia and Japan lagged somewhat behind, together comprising a further 23%.

In terms of the main exporting countries, Nigeria, with a CAGR of +46.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average mica export price stood at $X per ton in 2021, dropping by -18.5% against the previous year. Overall, the export price saw a noticeable decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 7.6% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.7%), while the other global leaders experienced more modest paces of growth.

Mica Imports

Imports

Global mica imports soared to X tons in 2021, rising by 33% compared with the year before. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +2.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 54%. Over the period under review, global imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, mica imports skyrocketed to $X in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates imports structure, amounting to X tons, which was near 86% of total imports in 2021. Japan (X tons) and Germany (X tons) held a little share of total imports.

China was also the fastest-growing in terms of the mica imports, with a CAGR of +10.3% from 2012 to 2021. Japan (-2.3%) and Germany (-4.3%) illustrated a downward trend over the same period. China (+21 p.p.) significantly strengthened its position in terms of the global imports, while Germany and Japan saw its share reduced by -4.6% and -5.2% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported mica worldwide, comprising 78% of global imports. The second position in the ranking was taken by Japan ($X), with a 5.8% share of global imports.

From 2012 to 2021, the average annual growth rate of value in China stood at +9.2%. In the other countries, the average annual rates were as follows: Japan (-2.3% per year) and Germany (-1.2% per year).

Import Prices by Country

In 2021, the average mica import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2016 an increase of 21%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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