Mica; Powder Price in Myanmar - 2022

Contents:

  1. Mica; Powder Price in Myanmar (CIF) - 2022
  2. Mica; Powder Imports in Myanmar

Mica; Powder Price in Myanmar (CIF) - 2022

In 2022, the average mica; powder import price amounted to $909 per ton, falling by -4.7% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 an increase of 36%. The import price peaked at $954 per ton in 2021, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($1,042 per ton), while the price for Malaysia stood at $908 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by India (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Mica; Powder Imports in Myanmar

Mica; powder imports into Myanmar surged to 13 tons in 2022, growing by 599% against the previous year's figure. Overall, imports, however, continue to indicate a precipitous decline.

In value terms, mica; powder imports surged to $12K in 2022. Over the period under review, imports, however, showed a abrupt shrinkage.

Import of Mica; Powder in Myanmar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MalaysiaN/AN/A0.111.511400.0%
Thailand2.30.10.10.1-64.8%
China0.9N/AN/AN/A0%
India6.60.71.0N/A-61.1%
Singapore1.10.10.1N/A-69.8%
Taiwan (Chinese)2.30.20.3N/A-63.9%
Others0.90.10.1N/A-66.7%
Total14.01.11.811.7-5.8%

Top Suppliers of Mica; Powder to Myanmar in 2022:

  1. Malaysia (12.7 tons)
  2. Thailand (0.1 tons)

Source: IndexBox Market Intelligence Platform

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