Mica; Powder Price in South Korea - 2022

Contents:

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

Mica; Powder Price in South Korea (CIF) - 2022

The average mica; powder import price stood at $876 per ton in 2022, rising by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 13%. The import price peaked at $977 per ton in 2013; however, from 2014 to 2022, 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 ($5,522 per ton), while the price for Malaysia ($325 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Mica; Powder Price in South Korea (FOB) - 2022

The average mica; powder export price stood at $2,497 per ton in December 2022, surging by 37% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 60% m-o-m. Over the period under review, the average export prices reached the maximum at $3,634 per ton in August 2022; however, from September 2022 to December 2022, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($10,793 per ton), while the average price for exports to Vietnam ($305 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mica; Powder Imports in South Korea

In 2022, the amount of mica; powders imported into South Korea dropped to 6.7K tons, which is down by -6.3% against the year before. Over the period under review, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of 7.2K tons, and then reduced in the following year.

In value terms, mica; powder imports expanded to $5.9M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Mica; Powder to South Korea in 2022:

1. China (4847.4 tons)
2. Malaysia (638.4 tons)
3. Canada (497.8 tons)
4. United States (281.2 tons)
5. Japan (143.2 tons)
6. India (142.0 tons)

Mica; Powder Exports in South Korea

In 2022, the amount of mica; powders exported from South Korea contracted significantly to 443 tons, declining by -39.9% against 2021 figures. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of 737 tons, and then dropped markedly in the following year.

In value terms, mica; powder exports contracted sharply to $1.6M in 2022. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 71%. As a result, the exports attained the peak of $2.4M, and then fell notably in the following year.

Top Export Markets for Mica; Powder from South Korea in 2022:

1. China (93.5 tons)
2. Indonesia (81.9 tons)
3. Vietnam (63.5 tons)
4. Singapore (44.8 tons)
5. United States (42.9 tons)
6. Philippines (40.0 tons)
7. Poland (32.4 tons)
8. Thailand (28.0 tons)
9. India (1.1 tons)

Source: IndexBox Market Intelligence Platform