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

Contents:

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

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

The average import price for mica, including splittings; mica wastes stood at $597 per ton in 2022, declining by -19.2% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 decreased by -23.0% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 134%. As a result, import price reached the peak level of $1,055 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,502 per ton), while the price for Malaysia ($319 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for mica, including splittings; mica wastes stood at $863 per ton in 2022, declining by -25.2% against the previous year. Over the period under review, the export price faced a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 132% against the previous year. The export price peaked at $2,946 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,799 per ton), while the average price for exports to Malaysia ($569 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 Bangladesh (+15.7%), while the prices for the other major destinations experienced a decline.

Imports of Mica, Including Splittings; Mica Waste in Singapore

In 2022, supplies from abroad of mica, including splittings; mica wastes was finally on the rise to reach 520 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible curtailment.

In value terms, mica, including splittings; mica waste imports declined modestly to $311K in 2022. In general, imports, however, showed a drastic downturn.

Import of Mica, Including Splittings; Mica Waste in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia74.573.841.778.41.7%
Canada15.531.830.652.850.5%
United States33.246.254.449.614.3%
China11178.346.548.2-24.3%
South Korea33.716.742.035.61.8%
India96.328.738.514.4-46.9%
ThailandN/AN/AN/A13.00%
Others60.568.260.518.6-32.5%
Total425344314311-9.9%

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

  1. Malaysia (246.0 tons)
  2. Canada (73.6 tons)
  3. China (68.4 tons)
  4. South Korea (44.8 tons)
  5. India (34.1 tons)
  6. Thailand (24.0 tons)
  7. United States (19.8 tons)

Exports of Mica, Including Splittings; Mica Waste in Singapore

In 2022, mica, including splittings; mica waste exports from Singapore skyrocketed to 373 tons, growing by 83% on the previous year. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mica, including splittings; mica waste exports skyrocketed to $322K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 110%. As a result, the exports reached the peak of $348K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Mica, Including Splittings; Mica Waste in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan5.81.29.5105162.6%
Malaysia51.161.453.888.019.9%
Vietnam76.159.380.841.3-18.4%
Philippines4.163.711.536.6107.4%
Thailand13.528.925.529.329.5%
BangladeshN/A1.24.59.8185.8%
Indonesia10.948.527.25.8-19.0%
GermanyN/A41.5N/A0.6-88.0%
Others4.342.722.85.37.2%
Total16634823532224.7%

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

  1. Malaysia (154.6 tons)
  2. Japan (115.4 tons)
  3. Vietnam (35.3 tons)
  4. Philippines (30.5 tons)
  5. Thailand (20.0 tons)
  6. Bangladesh (7.4 tons)
  7. Indonesia (6.2 tons)
  8. Germany (0.7 tons)

Source: IndexBox Market Intelligence Platform

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