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

Contents:

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

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

The average export price for mica, including splittings; mica wastes stood at $4,834 per ton in 2022, jumping by 2,550% against the previous year. Overall, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 China ($19,423 per ton), while the average price for exports to India amounted to $611 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+66.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for mica, including splittings; mica wastes amounted to $203 per ton, growing by 7.4% against the previous year. Overall, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $493 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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 Thailand ($277 per ton), while the price for the United Arab Emirates ($130 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mica, Including Splittings; Mica Waste in Tanzania

In 2022, overseas shipments of mica, including splittings; mica wastes decreased by -6% to 32 tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 27% against the previous year. As a result, the exports reached the peak of 38 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, mica, including splittings; mica waste exports surged to $154K in 2022. Overall, exports, however, enjoyed significant growth. 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 Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.6N/AN/A139191.7%
India0.12.30.115.1432.5%
ThailandN/AN/A5.9N/A0%
Burundi0.33.80.1N/A-42.3%
OthersN/AN/AN/AN/A0%
Total5.96.06.2154196.6%

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

  1. India (24.7 tons)
  2. China (7.2 tons)

Imports of Mica, Including Splittings; Mica Waste in Tanzania

In 2022, approx. 570 tons of mica, including splittings; mica wastes were imported into Tanzania; rising by 208% compared with 2021. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,478% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, mica, including splittings; mica waste imports surged to $116K in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,631% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Import of Mica, Including Splittings; Mica Waste in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ThailandN/AN/AN/A69.20%
United Arab Emirates0.50.83.734.4309.8%
Turkey7.10.225.210.815.0%
China14.90.55.0N/A-42.1%
Others3.00.51.21.3-24.3%
Total25.52.035.011665.7%

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

  1. United Arab Emirates (263.5 tons)
  2. Thailand (250.0 tons)
  3. Turkey (54.2 tons)
  4. China (0.2 tons)

Source: IndexBox Market Intelligence Platform

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