Price for Mica, Including Splittings; Mica Waste in Sri Lanka - 2021

Contents:

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

Price for Mica, Including Splittings; Mica Waste in Sri Lanka (FOB) - 2022

In 2022, the average export price for mica, including splittings; mica wastes amounted to $595 per ton, increasing by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 9.6% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($634 per ton), while the average price for exports to China ($271 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for mica, including splittings; mica wastes stood at $1,208 per ton in 2022, picking up by 39% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mica, including splittings; mica waste import price increased by +114.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($8,200 per ton), while the price for China ($1,128 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mica, Including Splittings; Mica Waste in Sri Lanka

In 2022, overseas shipments of mica, including splittings; mica wastes were finally on the rise to reach 786 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep setback.

In value terms, mica, including splittings; mica waste exports skyrocketed to $468K in 2022. Over the period under review, exports, however, saw a abrupt decline.

Export of Mica, Including Splittings; Mica Waste in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan426307156402-1.9%
Belgium67.834.540.241.9-14.8%
China46.420.410.814.1-32.8%
South Korea17.89.810.810.0-17.5%
Austria14.08.27.8N/A-25.4%
Germany50.651.546.3N/A-4.3%
Others10.411.73.10.5-63.6%
Total633443275468-9.6%

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

  1. Japan (633.0 tons)
  2. Belgium (80.0 tons)
  3. China (52.0 tons)
  4. South Korea (20.0 tons)

Imports of Mica, Including Splittings; Mica Waste in Sri Lanka

In 2022, supplies from abroad of mica, including splittings; mica wastes decreased by -2.6% to 91 tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -33.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 69%. As a result, imports attained the peak of 136 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mica, including splittings; mica waste imports skyrocketed to $109K in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Mica, Including Splittings; Mica Waste in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China23.639.863.397.060.2%
India10.018.13.512.26.9%
Japan3.24.63.9N/A10.4%
Malaysia1.71.42.8N/A28.3%
IranN/A1.8N/AN/A0%
Others6.812.67.30.1-75.5%
Total45.378.280.810934.0%

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

  1. China (86.0 tons)
  2. India (4.5 tons)

Source: IndexBox Market Intelligence Platform

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