Price for Mica, Including Splittings; Mica Waste in the UK - 2023

Contents:

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

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

The average export price for mica, including splittings; mica wastes stood at $1,737 per ton in 2022, rising by 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady 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 Belgium ($6,522 per ton), while the average price for exports to the United Arab Emirates ($704 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 Belgium (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for mica, including splittings; mica wastes amounted to $778 per ton, surging by 9.1% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +21.8% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 France ($1,647 per ton), while the price for Turkey ($422 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mica, Including Splittings; Mica Waste in the UK

In 2022, the amount of mica, including splittings; mica wastes exported from the UK contracted to 3.2K tons, shrinking by -14.8% compared with the previous year's figure. In general, exports continue to indicate a deep setback. The smallest decline of -6.5% was in 2021.

In value terms, mica, including splittings; mica waste exports reduced to $5.5M in 2022. Over the period under review, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 5.4%.

Export of Mica, Including Splittings; Mica Waste in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1,5911,2741,6151,589-0.0%
Netherlands843650905731-4.6%
France3222692223351.3%
Belgium456263120330-10.2%
Thailand6491,132376324-20.7%
Spain10822221730441.2%
United States653451546254-27.0%
Sweden221187301207-2.2%
Philippines71.410839.720141.2%
Italy14392.01111879.4%
Mexico64.143.952.912324.3%
United Arab Emirates22198.936.8104-22.2%
Norway98.218191.049.0-20.7%
Others8368141,463743-3.9%
Total6,2765,7876,0985,481-4.4%

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

  1. Germany (994.4 tons)
  2. Netherlands (515.5 tons)
  3. Spain (222.2 tons)
  4. France (177.2 tons)
  5. Sweden (153.3 tons)
  6. United Arab Emirates (147.2 tons)
  7. Thailand (130.0 tons)
  8. United States (129.0 tons)
  9. Philippines (80.0 tons)
  10. Italy (60.2 tons)
  11. Mexico (58.3 tons)
  12. Belgium (50.5 tons)
  13. Norway (44.0 tons)

Imports of Mica, Including Splittings; Mica Waste in the UK

In 2022, mica, including splittings; mica waste imports into the UK contracted modestly to 6.1K tons, therefore, remained relatively stable against 2021. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 16%.

In value terms, mica, including splittings; mica waste imports rose markedly to $4.7M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Mica, Including Splittings; Mica Waste in the UK (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,6741,2792,3292,0316.7%
France33369238884036.1%
Spain926523680628-12.1%
Turkey94.221330939861.7%
Canada72.182.417520742.1%
NorwayN/A30.214510182.9%
Belgium5192515.8N/A-89.4%
Others4632503725324.7%
Total4,0813,3214,4054,7375.1%

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

  1. China (2701.6 tons)
  2. Spain (1299.7 tons)
  3. Turkey (945.0 tons)
  4. France (509.8 tons)
  5. Canada (232.1 tons)
  6. Norway (161.4 tons)

Source: IndexBox Market Intelligence Platform

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