Mica; Powder Price in Malaysia - 2021

Contents:

1. Mica; Powder Price in Malaysia (FOB) - 2022
2. Mica; Powder Price in Malaysia (CIF) - 2021
3. Mica; Powder Exports in Malaysia
4. Mica; Powder Imports in Malaysia

Mica; Powder Price in Malaysia (FOB) - 2022

In 2022, the average mica; powder export price amounted to $411 per ton, dropping by -3.8% against the previous year. Overall, the export price showed a mild decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14%. As a result, the export price reached the peak level of $522 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($370 per ton), while the average price for exports to Indonesia ($205 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 (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mica; Powder Price in Malaysia (CIF) - 2021

The average mica; powder import price stood at $1,979 per ton in December 2021, picking up by 47% against the previous month. Over the period under review, the import price posted a strong expansion. The growth pace was the most rapid in July 2021 when the average import price increased by 154% month-to-month. The import price peaked at $2,814 per ton in February 2021; however, from March 2021 to December 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Taiwan (Chinese) ($13,973 per ton), while the price for China ($277 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Mica; Powder Exports in Malaysia

After three years of growth, shipments abroad of mica; powders decreased by -0.4% to 6.4K tons in 2022. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 12%.

In value terms, mica; powder exports fell slightly to $2.6M in 2022. Over the period under review, exports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 9.3%.

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

1. Thailand (1581.9 tons)
2. China (1308.7 tons)
3. Indonesia (1065.7 tons)
4. Japan (891.7 tons)
5. South Korea (612.1 tons)
6. Singapore (235.9 tons)
7. Taiwan (Chinese) (150.5 tons)

Mica; Powder Imports in Malaysia

In 2022, imports of mica; powders into Malaysia contracted to 816 tons, reducing by -11.6% compared with the previous year's figure. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.9% 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 increased by +41.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60%. As a result, imports attained the peak of 923 tons, and then dropped in the following year.

In value terms, mica; powder imports shrank to $1.1M in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $1.3M, and then contracted in the following year.

Top Suppliers of Mica; Powder to Malaysia in 2022:

1. India (308.6 tons)
2. China (135.7 tons)
3. Singapore (90.1 tons)
4. Japan (50.7 tons)
5. Canada (44.8 tons)
6. Norway (37.3 tons)
7. Germany (35.1 tons)
8. Finland (14.0 tons)
9. France (13.5 tons)

Source: IndexBox Market Intelligence Platform