Price for Mica, Including Splittings; Mica Waste in Norway - 2023

Contents:

  1. Price for Mica, Including Splittings; Mica Waste in Norway (FOB) - 2023
  2. Price for Mica, Including Splittings; Mica Waste in Norway (CIF) - 2022
  3. Exports of Mica, Including Splittings; Mica Waste in Norway
  4. Imports of Mica, Including Splittings; Mica Waste in Norway

Price for Mica, Including Splittings; Mica Waste in Norway (FOB) - 2023

In August 2023, the average export price for mica, including splittings; mica wastes amounted to $730 per ton, which is down by -2.9% against the previous month. Overall, the export price saw a perceptible decline. The pace of growth was the most pronounced in July 2023 an increase of 3.7% against the previous month. Over the period under review, the average export prices attained the maximum at $1,180 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In August 2023, the countries with the highest prices were China ($736 per ton) and India ($728 per ton), while the average price for exports to the UK ($728 per ton) and South Korea ($728 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-3.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for mica, including splittings; mica wastes amounted to $547 per ton, leveling off at the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mica, including splittings; mica waste import price increased by +51.9% against 2016 indices. The growth pace was the most rapid in 2014 when the average import price increased by 21% against the previous year. The import price peaked at $553 per ton in 2021, and then fell modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($537 per ton), while the price for India totaled $508 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%).

Exports of Mica, Including Splittings; Mica Waste in Norway

For the third year in a row, Norway recorded decline in shipments abroad of mica, including splittings; mica wastes, which decreased by -19.8% to 1.9K tons in 2022. Overall, exports faced a sharp reduction.

In value terms, mica, including splittings; mica waste exports skyrocketed to $2M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Mica, Including Splittings; Mica Waste in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands28833542052722.3%
Sweden18615921833621.8%
China54.164.312611829.7%
GermanyN/AN/A30.3108256.4%
United States90.886.280.31003.3%
Russia15448.113895.5-14.7%
United Kingdom49.443.776.976.215.5%
Malaysia54.125.720.062.95.2%
United Arab Emirates83.864.010658.8-11.1%
Thailand18.515.826.555.544.2%
Turkey27.028.031.654.426.3%
South Korea37.945.613.152.111.2%
Indonesia26.118.934.947.021.7%
Others849378254261-32.5%
Total1,9181,3121,5761,9530.6%

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

  1. Netherlands (495.6 tons)
  2. Sweden (336.8 tons)
  3. China (120.0 tons)
  4. United States (112.0 tons)
  5. Germany (112.0 tons)
  6. Russia (89.6 tons)
  7. United Kingdom (73.1 tons)
  8. Malaysia (64.0 tons)
  9. Turkey (56.0 tons)
  10. United Arab Emirates (54.4 tons)
  11. South Korea (53.6 tons)
  12. Thailand (50.4 tons)
  13. Indonesia (48.0 tons)

Imports of Mica, Including Splittings; Mica Waste in Norway

In 2022, imports of mica, including splittings; mica wastes into Norway soared to 4.4K tons, jumping by 84% compared with 2021 figures. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mica, including splittings; mica waste imports skyrocketed to $2.4M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Mica, Including Splittings; Mica Waste in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China8651,0121,2002,33139.2%
United Kingdom97.618792.648.3-20.9%
Others72.920.621.316.6-38.9%
Total1,0351,2191,3142,39632.3%

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

  1. United Kingdom (undefinedK tons)
  2. China (4.3K tons)

Source: IndexBox Market Intelligence Platform

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