Price for Mica, Including Splittings; Mica Waste in Canada - 2023

Contents:

  1. Price for Mica, Including Splittings; Mica Waste in Canada (FOB) - 2023
  2. Price for Mica, Including Splittings; Mica Waste in Canada (CIF) - 2022
  3. Exports of Mica, Including Splittings; Mica Waste in Canada
  4. Imports of Mica, Including Splittings; Mica Waste in Canada

Price for Mica, Including Splittings; Mica Waste in Canada (FOB) - 2023

The average export price for mica, including splittings; mica wastes stood at $626 per ton in June 2023, shrinking by -9.3% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 28% m-o-m. As a result, the export price attained the peak level of $768 per ton. From February 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United States ($757 per ton), while the average price for exports to France ($450 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Mica, Including Splittings; Mica Waste in Canada (CIF) - 2022

In 2022, the average import price for mica, including splittings; mica wastes amounted to $1,451 per ton, shrinking by -24.2% against the previous year. Over the period under review, the import price showed a noticeable setback. The growth pace was the most rapid in 2020 an increase of 113%. As a result, import price reached the peak level of $2,220 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($14,379 per ton), while the price for India ($765 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mica, Including Splittings; Mica Waste in Canada

In 2022, mica, including splittings; mica waste exports from Canada was estimated at 15K tons, approximately reflecting the previous year. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 7.7% against the previous year.

In value terms, mica, including splittings; mica waste exports totaled $9.7M in 2022. In general, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 18%.

Export of Mica, Including Splittings; Mica Waste in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.84.55.16.0-4.1%
Japan1.31.41.81.79.4%
Thailand0.40.50.60.720.5%
South Korea0.40.30.50.40.0%
Netherlands0.10.10.10.226.0%
United Kingdom0.10.10.10.226.0%
France0.10.10.10.10.0%
United Arab Emirates1.50.10.1N/A-74.2%
Others0.70.81.00.5-10.6%
Total11.38.09.49.7-5.0%

Top Export Markets for Mica, Including Splittings; Mica Waste from Canada in 2022:

  1. United Arab Emirates (undefinedK tons)
  2. United States (8.3K tons)
  3. Japan (3.4K tons)
  4. Thailand (1.0K tons)
  5. South Korea (0.7K tons)
  6. Netherlands (0.3K tons)
  7. United Kingdom (0.3K tons)
  8. France (0.2K tons)

Imports of Mica, Including Splittings; Mica Waste in Canada

In 2022, approx. 1,000 tons of mica, including splittings; mica wastes were imported into Canada; with an increase of 32% on the previous year. Overall, imports, however, continue to indicate a sharp reduction.

In value terms, mica, including splittings; mica waste imports totaled $1.5M in 2022. In general, imports, however, continue to indicate a drastic downturn.

Import of Mica, Including Splittings; Mica Waste in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1,3841,1691,2081,118-6.9%
China752165104123-45.3%
India12.314.726.839.447.4%
Others174131111170-0.8%
Total2,3221,4801,4491,451-14.5%

Top Suppliers of Mica, Including Splittings; Mica Waste to Canada in 2022:

  1. United States (892.4 tons)
  2. India (51.5 tons)
  3. China (34.0 tons)

Source: IndexBox Market Intelligence Platform

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