Price for Mica, Including Splittings; Mica Waste in Malaysia - 2021

Contents:

1. Price for Mica, Including Splittings; Mica Waste in Malaysia (FOB) - 2022
2. Price for Mica, Including Splittings; Mica Waste in Malaysia (CIF) - 2021
3. Exports of Mica, Including Splittings; Mica Waste in Malaysia
4. Imports of Mica, Including Splittings; Mica Waste in Malaysia

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

The average export price for mica, including splittings; mica wastes stood at $413 per ton in 2022, waning by -4.2% against the previous year. Overall, the export price showed a slight setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 9.2% against the previous year. Over the period under review, the average export prices reached the peak figure at $476 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,385 per ton), while the average price for exports to Taiwan (Chinese) ($142 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 South Korea (-2.0%), while the prices for the other major destinations experienced a decline.

Price for Mica, Including Splittings; Mica Waste in Malaysia (CIF) - 2021

In December 2021, the average import price for mica, including splittings; mica wastes amounted to $1,659 per ton, picking up by 48% against the previous month. Over the period under review, the import price showed a prominent increase. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 157% m-o-m. The import price peaked at $2,382 per ton in August 2021; however, from September 2021 to December 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Taiwan (Chinese) ($13,973 per ton), while the price for China ($343 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mica, Including Splittings; Mica Waste in Malaysia

In 2022, after three years of growth, there was decline in shipments abroad of mica, including splittings; mica wastes, when their volume decreased by -0.6% to 6.4K tons. Overall, exports, however, recorded a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of 2.4% against the previous year.

In value terms, mica, including splittings; mica waste exports reduced slightly to $2.6M in 2022. In general, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11%.

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

1. Thailand (1431.2 tons)
2. China (1166.6 tons)
3. Indonesia (950.0 tons)
4. Japan (794.9 tons)
5. South Korea (546.1 tons)
6. Saudi Arabia (524.8 tons)
7. Taiwan (Chinese) (274.3 tons)

Imports of Mica, Including Splittings; Mica Waste in Malaysia

In 2022, the amount of mica, including splittings; mica wastes imported into Malaysia surged to 2.2K tons, growing by 16% compared with 2021. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 82%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, mica, including splittings; mica waste imports fell remarkably to $1.2M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, imports reached the peak of $1.4M, and then shrank rapidly in the following year.

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

1. China (1005.9 tons)
2. India (552.2 tons)
3. Singapore (154.5 tons)
4. Japan (126.9 tons)
5. Canada (76.8 tons)
6. Norway (64.0 tons)
7. Germany (60.1 tons)

Source: IndexBox Market Intelligence Platform