Mica; Powder Price in Sri Lanka - 2021
Contents:
- Mica; Powder Price in Sri Lanka (CIF) - 2022
- Mica; Powder Price in Sri Lanka (FOB) - 2022
- Mica; Powder Imports in Sri Lanka
- Mica; Powder Exports in Sri Lanka
Mica; Powder Price in Sri Lanka (CIF) - 2022
The average mica; powder import price stood at $1,193 per ton in 2022, with an increase of 38% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mica; powder import price increased by +111.2% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 53%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($8,200 per ton), while the price for China ($1,128 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Mica; Powder Price in Sri Lanka (FOB) - 2022
The average mica; powder export price stood at $317 per ton in 2022, which is down by -29.6% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2013 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $673 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +19.0% per year.
Mica; Powder Imports in Sri Lanka
In 2022, supplies from abroad of mica; powders decreased by -3.1% to 90 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.0% 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 decreased by -33.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 84%. As a result, imports reached the peak of 136 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, mica; powder imports surged to $108K in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 83% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Mica; Powder in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.4 | 41.3 | 65.1 | 97.0 | 63.0% |
| India | 9.5 | 17.7 | 3.6 | 10.6 | 3.7% |
| Malaysia | 1.6 | 1.4 | 2.9 | N/A | 34.6% |
| Iran | N/A | 1.8 | N/A | N/A | 0% |
| Others | 8.5 | 14.6 | 9.2 | 0.1 | -77.3% |
| Total | 42.1 | 76.9 | 80.7 | 108 | 36.9% |
Top Suppliers of Mica; Powder to Sri Lanka in 2022:
- China (86.0 tons)
- India (4.2 tons)
Mica; Powder Exports in Sri Lanka
In 2022, overseas shipments of mica; powders decreased by -73.8% to 73 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 25%. As a result, the exports attained the peak of 324 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, mica; powder exports shrank sharply to $23K in 2022. In general, exports saw a precipitous slump. The growth pace was the most rapid in 2020 when exports increased by 28%. As a result, the exports reached the peak of $157K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Mica; Powder in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 7.7 | 1.1 | 22.6 | 71.3% |
| Australia | 1.1 | 2.1 | 1.2 | 0.5 | -23.1% |
| Germany | 50.3 | 58.8 | 51.2 | N/A | 0.9% |
| Austria | 13.9 | 9.3 | 8.6 | N/A | -21.3% |
| United States | 6.0 | 6.6 | N/A | N/A | 10.0% |
| Others | 50.6 | 72.1 | 62.9 | N/A | 11.5% |
| Total | 122 | 157 | 125 | 23.1 | -42.6% |
Top Export Markets for Mica; Powder from Sri Lanka in 2022:
- Japan (72.0 tons)
- Australia (1.0 tons)
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