Mica; Powder Price in Norway - 2023
Contents:
- Mica; Powder Price in Norway (FOB) - 2023
- Mica; Powder Price in Norway (CIF) - 2022
- Mica; Powder Exports in Norway
- Mica; Powder Imports in Norway
Mica; Powder Price in Norway (FOB) - 2023
In August 2023, the average mica; powder export price amounted to $730 per ton, waning by -2.9% against the previous month. Overall, the export price showed a pronounced descent. The growth pace was the most rapid in July 2023 when the average export price increased by 3.7% month-to-month. The export price peaked at $1,180 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In August 2023, the countries with the highest prices were China ($736 per ton) and India ($728 per ton), while the average price for exports to the UK ($728 per ton) and South Korea ($728 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-3.7%), while the prices for the other major destinations experienced a decline.
Mica; Powder Price in Norway (CIF) - 2022
In 2022, the average mica; powder import price amounted to $552 per ton, stabilizing at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 15%. Over the period under review, average import prices reached the peak figure at $553 per ton in 2021, and then declined modestly in the following year.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.5% per year.
Mica; Powder Exports in Norway
In 2022, approx. 1.9K tons of mica; powders were exported from Norway; reducing by -19.8% compared with the year before. In general, exports showed a noticeable decrease. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of 2.4K tons, and then dropped notably in the following year.
In value terms, mica; powder exports surged to $2M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Mica; Powder in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 284 | 333 | 420 | 527 | 22.9% |
| Sweden | 184 | 158 | 218 | 336 | 22.2% |
| China | 53.4 | 64.0 | 126 | 118 | 30.3% |
| Germany | N/A | N/A | 30.3 | 108 | 256.4% |
| United States | 89.6 | 85.8 | 80.3 | 100 | 3.7% |
| Russia | 152 | 47.9 | 138 | 95.5 | -14.4% |
| United Kingdom | 48.8 | 43.5 | 76.9 | 76.2 | 16.0% |
| Malaysia | 53.4 | 25.6 | 20.0 | 62.9 | 5.6% |
| United Arab Emirates | 82.8 | 63.8 | 106 | 58.8 | -10.8% |
| Thailand | 18.2 | 15.7 | 26.5 | 55.5 | 45.0% |
| Turkey | 26.7 | 27.9 | 31.6 | 54.4 | 26.8% |
| South Korea | 37.4 | 45.4 | 13.1 | 52.1 | 11.7% |
| Indonesia | 25.8 | 18.8 | 34.9 | 47.0 | 22.1% |
| Others | 178 | 161 | 252 | 261 | 13.6% |
| Total | 1,234 | 1,091 | 1,574 | 1,953 | 16.5% |
Top Export Markets for Mica; Powder from Norway in 2022:
- Netherlands (495.6 tons)
- Sweden (336.8 tons)
- China (120.0 tons)
- United States (112.0 tons)
- Germany (112.0 tons)
- Russia (89.6 tons)
- United Kingdom (73.1 tons)
- Malaysia (64.0 tons)
- Turkey (56.0 tons)
- United Arab Emirates (54.4 tons)
- South Korea (53.6 tons)
- Thailand (50.4 tons)
- Indonesia (48.0 tons)
Mica; Powder Imports in Norway
In 2022, mica; powder imports into Norway skyrocketed to 4.3K tons, growing by 82% on the previous year's figure. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, mica; powder imports surged to $2.4M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mica; Powder in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 863 | 1,010 | 1,200 | 2,325 | 39.1% |
| United Kingdom | 97.6 | 187 | 92.6 | 48.3 | -20.9% |
| Others | 63.5 | 19.9 | 21.3 | 15.2 | -37.9% |
| Total | 1,024 | 1,216 | 1,314 | 2,388 | 32.6% |
Top Suppliers of Mica; Powder to Norway in 2022:
- United Kingdom (undefinedK tons)
- China (4.3K tons)
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