Mica; Powder Price in Kenya - 2021

Contents:

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

Mica; Powder Price in Kenya (FOB) - 2022

The average mica; powder export price stood at $2,089 per ton in 2022, growing by 138% against the previous year. In general, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 706%. Over the period under review, the average export prices attained the maximum at $8,682 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($2,176 per ton), while the average price for exports to Rwanda totaled $567 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+5.2%), while the prices for the other major destinations experienced a decline.

Mica; Powder Price in Kenya (CIF) - 2022

The average mica; powder import price stood at $367 per ton in 2022, declining by -8% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 56%. As a result, import price attained the peak level of $614 per ton. From 2017 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 China ($377 per ton), while the price for India ($122 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced a decline.

Mica; Powder Exports in Kenya

In 2022, overseas shipments of mica; powders decreased by -66.4% to 1.1 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 172% against the previous year. As a result, the exports attained the peak of 3.3 tons, and then fell dramatically in the following year.

In value terms, mica; powder exports fell rapidly to $2.3K in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 66%. As a result, the exports attained the peak of $2.9K, and then fell significantly in the following year.

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

1. Uganda (1046.0 kg)
2. Rwanda (60.0 kg)

Mica; Powder Imports in Kenya

In 2022, approx. 1.2K tons of mica; powders were imported into Kenya; therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 15%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, mica; powder imports shrank to $453K in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17%.

Top Suppliers of Mica; Powder to Kenya in 2022:

1. China (1143.2 tons)
2. Portugal (26.4 tons)
3. India (18.8 tons)

Source: IndexBox Market Intelligence Platform