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

Contents:

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

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

The average import price for mica, including splittings; mica wastes stood at $245 per ton in 2022, with a decrease of -15.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. As a result, import price attained the peak level of $291 per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($938 per ton), while the price for the United Arab Emirates ($134 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2021, the average export price for mica, including splittings; mica wastes amounted to $730 per ton, declining by -22.7% against the previous year. In general, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2020 an increase of 75%. The export price peaked at $1,856 per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2013 to 2021, the rate of growth in terms of prices for Jordan amounted to +75.8% per year.

Imports of Mica, Including Splittings; Mica Waste in Kuwait

After two years of decline, overseas purchases of mica, including splittings; mica wastes increased by 1.5% to 3.2K tons in 2022. Overall, imports, however, saw a deep setback.

In value terms, mica, including splittings; mica waste imports dropped to $783K in 2022. In general, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, imports reached the peak of $917K, and then shrank in the following year.

Import of Mica, Including Splittings; Mica Waste in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India713501771328-22.8%
Netherlands26.721.45.981.845.2%
China1.811.420.859.8221.5%
France21.219.818.549.332.5%
Canada3.216.316.346.3143.7%
United Arab Emirates1.87.412.936.7173.2%
Spain3.920.211.133.0103.8%
Others62.451.261.014833.4%
Total834649917783-2.1%

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

  1. India (1912.3 tons)
  2. Canada (281.6 tons)
  3. United Arab Emirates (273.4 tons)
  4. China (173.3 tons)
  5. France (129.9 tons)
  6. Spain (107.5 tons)
  7. Netherlands (87.2 tons)

Exports of Mica, Including Splittings; Mica Waste in Kuwait

Mica, including splittings; mica waste exports from Kuwait skyrocketed to 7.2 tons in 2021, jumping by 773% compared with the previous year's figure. In general, exports, however, recorded a deep contraction.

In value terms, mica, including splittings; mica waste exports surged to $5.3K in 2021. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Mica, Including Splittings; Mica Waste in Kuwait (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
Saudi ArabiaN/AN/A5.30%
Tajikistan0.3N/AN/A0%
Jordan4.40.8N/A-81.8%
OthersN/AN/AN/A0%
Total4.70.85.36.2%

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

  1. Saudi Arabia (7.2 tons)

Source: IndexBox Market Intelligence Platform

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