Mica; Powder Price in China - 2023

Contents:

  1. Mica; Powder Price in China (FOB) - 2022
  2. Mica; Powder Price in China (CIF) - 2022
  3. Mica; Powder Exports in China
  4. Mica; Powder Imports in China

Mica; Powder Price in China (FOB) - 2022

In 2022, the average mica; powder export price amounted to $307 per ton, with a decrease of -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 an increase of 34%. Over the period under review, the average export prices hit record highs at $318 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($874 per ton), while the average price for exports to Japan ($228 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 South Korea (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mica; Powder Price in China (CIF) - 2022

In 2022, the average mica; powder import price amounted to $1,391 per ton, rising by 4.5% against the previous year. In general, the import price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2017 an increase of 19%. As a result, import price reached the peak level of $1,918 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($8,023 per ton), while the price for Malaysia ($382 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Mica; Powder Exports in China

In 2022, approx. 136K tons of mica; powders were exported from China; waning by -17.7% against the year before. Overall, exports saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. As a result, the exports attained the peak of 166K tons, and then fell remarkably in the following year.

In value terms, mica; powder exports reduced rapidly to $42M in 2022. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of $53M, and then shrank significantly in the following year.

Export of Mica; Powder in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan23.020.427.622.4-0.9%
South Korea2.62.13.34.419.2%
United States1.92.13.42.712.4%
Germany2.22.42.31.7-8.2%
Netherlands1.61.03.91.1-11.7%
Norway0.70.70.91.012.6%
Egypt3.43.11.00.8-38.3%
Thailand1.10.91.10.8-10.1%
Others8.68.09.47.0-6.6%
Total45.140.752.841.9-2.4%

Top Export Markets for Mica; Powder from China in 2022:

  1. Japan (98.3K tons)
  2. United States (7.8K tons)
  3. South Korea (5.1K tons)
  4. Netherlands (4.0K tons)
  5. Germany (3.5K tons)
  6. Norway (2.7K tons)
  7. Egypt (2.4K tons)
  8. Thailand (2.0K tons)

Mica; Powder Imports in China

In 2022, the amount of mica; powders imported into China was estimated at 4.4K tons, surging by 2.1% against the previous year's figure. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mica; powder imports rose markedly to $6.1M in 2022. Overall, imports, however, continue to indicate a mild decrease. The growth pace was the most rapid in 2021 when imports increased by 10%.

Import of Mica; Powder in China (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan1,5689711,2021,482-1.9%
Germany36442057278028.9%
Finland35538258369825.3%
Malaysia4103703975198.2%
India760376535478-14.3%
United States716650526475-12.8%
Canada475403511382-7.0%
Norway95.792.517123735.3%
Others1,6321,5471,2531,083-12.8%
Total6,3755,2115,7496,134-1.3%

Top Suppliers of Mica; Powder to China in 2022:

  1. Malaysia (1359.3 tons)
  2. Finland (866.4 tons)
  3. India (421.3 tons)
  4. Canada (352.5 tons)
  5. Germany (287.8 tons)
  6. Japan (184.7 tons)
  7. Norway (183.2 tons)
  8. United States (94.1 tons)

Source: IndexBox Market Intelligence Platform

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