Price for Mica, Including Splittings; Mica Waste in Indonesia - 2022

Contents:

1. Price for Mica, Including Splittings; Mica Waste in Indonesia (CIF) - 2022
2. Price for Mica, Including Splittings; Mica Waste in Indonesia (FOB) - 2022
3. Imports of Mica, Including Splittings; Mica Waste in Indonesia
4. Exports of Mica, Including Splittings; Mica Waste in Indonesia

Price for Mica, Including Splittings; Mica Waste in Indonesia (CIF) - 2022

In March 2022, the average import price for mica, including splittings; mica wastes amounted to $863 per ton, which is down by -31.4% against the previous month. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in May 2021 an increase of 391% month-to-month. As a result, import price attained the peak level of $3,683 per ton. From June 2021 to March 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was China ($5,788 per ton), while the price for Malaysia ($299 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+17.0%), while the prices for the other major suppliers experienced a decline.

Price for Mica, Including Splittings; Mica Waste in Indonesia (FOB) - 2022

The average export price for mica, including splittings; mica wastes stood at $1,417 per ton in 2022, leveling off at the previous year. In general, the export price recorded a perceptible increase. The pace of growth appeared the most rapid in 2019 an increase of 139%. As a result, the export price reached the peak level of $2,797 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($4,333 per ton), while the average price for exports to Malaysia ($861 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 the United States (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mica, Including Splittings; Mica Waste in Indonesia

For the fourth year in a row, Indonesia recorded growth in overseas purchases of mica, including splittings; mica wastes, which increased by 28% to 3.5K tons in 2022. The total import volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mica, including splittings; mica waste imports declined significantly to $2.5M in 2022. Over the period under review, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year.

Top Suppliers of Mica, Including Splittings; Mica Waste to Indonesia in 2022:

1. Malaysia (2093.9 tons)
2. India (710.8 tons)
3. China (223.4 tons)
4. South Korea (117.8 tons)
5. Norway (69.1 tons)
6. Japan (67.7 tons)

Exports of Mica, Including Splittings; Mica Waste in Indonesia

In 2022, approx. 108 kg of mica, including splittings; mica wastes were exported from Indonesia; surging by 6.9% against 2021 figures. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 decreased by -10.7% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 89% against the previous year. As a result, the exports reached the peak of 121 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, mica, including splittings; mica waste exports rose significantly to $153 in 2022. In general, exports, however, showed a deep reduction.

Top Export Markets for Mica, Including Splittings; Mica Waste from Indonesia in 2022:

1. Malaysia (36.0 kg)
2. Poland (28.0 kg)
3. Vietnam (9.0 kg)
4. Singapore (3.0 kg)

Source: IndexBox Market Intelligence Platform